Capital keeps pulling in cash
Friday 06 July 2012
Demand from new occupiers in London and the flow of money into the capital is showing no signs of ending, according to property company Great Portland Estates.
Its chief executive, Toby Courtauld, said: "Money from across the world – be it due to the Arab spring, the euro crisis or Asian pension fund money looking to diversify – is continuing to pour into London."
Great Portland estimates that only around £4bn of property assets in the capital are currently up for sale while almost £19bn of equity is ready to be invested here.
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