Investor rivalry for blue chip London commercial property has forced prices up and yields down, compelling many to mull a so-called emerging “upper secondary” class to pick up choicely priced assets and appealing returns.
“What we are finding is weight of money buying certain stock at a certain price. There are offices now — these aren’t 25-year leases but core-plus central London — being viewed as prime,” Pramerica Managing Director Andrew Radkiewicz said………………………………………..Full Article: Source