London property market to get £52bn Asian investment - Telegraph
Buyers from Indonesia, Thailand, Taiwan and China will be the latest to target commercial property deals, according to research from property agent Jones Lang LaSalle (JLL).
Asian investors are the dominant force driving demand and should this year overtake the Middle East as the largest buying group. Jones Lang LaSalle said there was more than £52bn of equity seeking acquisitions, with 80pc focused on central London,
China's influence on the London market, which remains the biggest in the world, is poised to grow. The country's sovereign wealth fund made its first UK property investment in 2009 by backing the refinancing of Canary Wharf owner Songbird Estates.
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