London Property Values to Benefit

23 March 2014 – 2:08 pm

More London

This weekend’s Telegraph newspaper reports a new wave of money washing in to London’s real estate sector.

This time instability in the Ukraine and Crimea regions has forced wealthy investors to increase spend in one of the perceived safe capitals of global real estate, namely London.

The bulge bracket deals with domestic and international money have continued with gusto. The More London development by London Bridge, pictured, changing hands three months ago for a reported £1.7 billion. Located on the site of a former coach park across the River Thames from the Tower of London, it shows with investment what can be done with a well located but under used site.

The new Kuwaiti owner has inherited a spread of well known tenants and good covenants in this highly successful development which is designed for 21st Century use, with underground parking and services, an open ornamental style stream and river views from several of the offices. Comprising also City Hall, it would seem the Mayor of London likes the area too!

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