| Last year, more than 55 billion pounds ($83.5 billion) was invested in commercial property across the country, much of it by pension funds, insurers and sovereign wealth funds looking for steady, long-term income. But local investors are increasingly seeing advantage elsewhere.
After improving a building – with a view to holding it for an average of seven to 10 years – the investment arm of insurer Legal & General can sell it as a performing asset to another long-term holder such as a pension scheme or sovereign wealth fund...............................................Full Article: Source
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