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London property market recovery set to continue

Posted on 12 November 2010

From Dow Jones: The rebound in London’s commercial property market is set to continue even if there isn’t a strong economic recovery as supply constraints and new investment opportunities continue to boost valuations and drive up rents, executives at the capital’s biggest landlords say.
Reporting higher profits in recent months, Land Securities PLC, the U.K.’s largest real-estate investment trust, and Great Portland Estates PLC reported strong returns, particularly on new developments, and net asset value growth as valuations rise. Occupancy levels are also climbing, helping drive up rents……………………………………….Full Article: Source


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