Lower growth does not deter the investors

Article Abstract:

Investors are showing growing interest in property, mainly because of its yield in relation to other asset classes. There is particular interest in retail property, even though this sector is overpriced. Predictions of rental growth have been reduced in all sectors, as have investors' predictions for capital growth. Investors are quite negative about office property and business parks, but are attracted to prime industrial and distribution property.

Store Buildings, Manufacturing and Industrial Building Construction, Industrial Buildings, Commercial Buildings, Industrial buildings and warehouses, Store construction, Industrial construction, Commercial construction

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One step beyond

Article Abstract:

There are many potential development sites in Southwark, London, England, where land and property are still relatively inexpensive. The area will benefit from the lack of availability in the City of London and from the Jubilee Line extension, with a new station set to open in 1999. Property agents believe that Southwark has considerable potential as a spillover location for back-end operations of large financial institutions.

Southwark, England

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German fund's new City strike

Article Abstract:

German open-ended property fund DIFA-Fonds has purchased the Royal Bank of Canada Centre in the City of London, which covers 17,430 sq mt, from Markborough Properties and Royal Bank of Canada. This is let to Royal Bank of Canada on four leases at 377-484 pounds sterling per sq mt. The deal reflects strong interest in London property from German investment funds.

London, England, DIFA-Fonds

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