Foreign investors spend £1.8bn on London property in the second quarter of 2015
Foreigners’ land-buying spree is at its highest level since 2007
Wealthy foreign investors have forked out £1.8bn on central London property developments, according to research by CBRE.
Foreigners’ land-buying spree is up 118% year-on-year and is at its highest level since 2007.
The FT reports that the largest transaction recorded in the three months to the end of June was three sites being sold for £428m to a partnership between Malaysian investor Eco World and Irish developer Ballymore.
At number two was the sale of offices including former Express Newspapers HQ Ludgate House for £308m.
Alastair Perks, CBRE’s senior director of central London development, told the FT: “The leasing market continues to strengthen and, with supply of office space remaining historically low, these factors are creating good opportunities for speculative development.”
Posted by: Downtown Real Estate News, Mon, Aug 3rd 2015
East Tower at The Peninsula, Victory Pier Launch, Juhu, India
Downtown International in partnership with the Berkeley Group were honored to be invited to showcase, East Tower at The Peninsula, Victory Pier at the JW Marriott Mumbai Juhu in July.
- Promoting a exclusive selection of 1 and 2 bedroom apartments overlooking the River Medway, The Peninsula offers buyers:
- 15% in exchange, 5% in 6 months, 80% on completion
- Private residents' gym
- Wi-Fi lounge
- Executive specification choices to suit individuals taste
- 2 year Berkeley guarantee
Posted by: Downtown Real Estate News, Fri, Jul 24th 2015
Exclusive Launch of CITYSUITEs, Manchester, UK - Dubai, UAE
Downtown International was excited to launch, in association with Select Property Group, CITYSUITEs, "A new era of city-centre accommodation for
Posted by: Downtown Real Estate News, Sun, May 10th 2015
Exclusive Bahrain Launch: Kensington Row, W14 London
Downtown Real Estate in Conjunction with Impact Real estate launched the luxurious project Kensington Row in Bahrain in April 2015. This one day event was held at the Four Seasons hotel and was attended by many investors who were attracted by the prime location of the development and the quality of the Berkeley product. The financial advisory firm AES International gave seminars to interested parties on tax structuring and wealth management options for overseas nationals wishing to purchase in the UK.
Posted by: Downtown Real Estate News, Mon, Apr 20th 2015
International Property Show 2015
Downtown International took part in the International Property Show at the Trade Centre in Dubai in conjunction with the Sri lankan developer Indocean Developers. The flagship project Altair was showcased at this exhibition and was greeted with much interest. Altair is the tallest building in Colombo and has been designed by the world renowned architect Moshe Safdie. This iconic building attracted many investors and end users looking for vacation homes and properties in one of the fastest growing cities in the region.
Posted by: Downtown Real Estate News, Tue, Apr 14th 2015