Malaysian investors snap up London offices
Prime Minister David Cameron will call on the foreign investors to turn their attention to the UK in the first of 18 business summits to be held during the Olympic fortnight.
One group of business people who have taken his words to heart are the Malaysians. According to a survey by prestigious property consultant CBRE, Malaysian investors will soon be leading buyers of London offices for the first time in 2012.
The figures in the report show Malaysians bought £1.3 billion of London property in the seven months to July 24, more than both the British and U.S. buyers who were beaten into second place.
These stats confirm the current state of the world’s economy, where Asian investors are looking for safe investment havens.
A spokesperson from leading consultancy Search Office Space, “these figures align with our own experience, that quality office space in London is at a premium and rents are rising. This makes it all the more sensible for businesses to consider leasing serviced office spaces.”