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Britain’s most famous shopping streets see dramatic rise in international ownership

Posted on 28 October 2011

According to a recent report by international real estate advisor Savills, over the past five years estimated sales of £1 billion (€1.15 bln.) and £2 billion have taken place on Bond Street and Oxford Street respectively, leading to a dramatic change in ownership profile.
UK funds, British and Irish pension funds, who accounted for 96% of ownership on Oxford Street, have reduced their collective stake to 39% having been bought out by investors from Denmark, Spain, Cyprus, Qatar, Libya, Ukraine, India, Hong Kong, Sweden, Canada and the Far East………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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