Prospects for an occupiers' market
Article Abstract:
London's commercial market is rapidly expanding with plans for future development on a giant scale, but there are hints that many firms are planning to leave the city because of high rents. Experts are unsure whether there is enough demand to warrant the huge office complexes that are being considered. A 1986 study by Debenham Tewson and Chinnocks of office reveals that office rents were 35 pounds sterling per square foot, but in 1988 new buildings were garnering rents of 60 pounds sterling per square foot. Businesses may prosper from a flooded market, however, because they will have more types of offices to chose from, and rates will ultimately fall.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1989
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The new invaders
Article Abstract:
The European free trade agreement to take effect in 1992 has sparked a recent increase in foreign investment in the UK from such countries as the United States and Japan which want to establish bases to participate in European markets. Great Britain's social stability and its English-speaking emphasis are what attracts many investors. The US Department of Commerce reveals that Great Britain makes up 36% of direct US investment in the European Community, and the Japanese Finance Ministry reveals that Great Britain accounts for 29% of the direct investment in Europe by the Japanese.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1989
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Investors expect real benefits
Article Abstract:
Investments in British commercial property are changing, especially in The City, London's Wall Street. UK institutional investment is down; foreign investment is up. Pension plans are getting out; the private sector is getting in. Insurance companies are increasing their interest, and to fill the rest of the gap are UK banks, foreign banks, owner-occupiers, leasers, and corporations. Buildings and property are being 'unitized', or sold to groups of owners, each of whom have a small unit share. Another trend is the increasing percentage of foreign-owned UK property.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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