29.08.2011 - Investors tap into developments in mature markets
Tapping into the demand for new prime product in mature markets was a key theme in the European investment market in July. The largest office transaction recorded by PropertyEU Research in the period involved Canary Wharf Group linking up with Qatari Diar to redevelop the Shell Centre on Londonís South Bank - one of the most sought-after development sites in the UK capital. The pair are paying EUR 171 mln each to the joint venture that will redevelop the 21,000 m2 site..............................................Full Article: Source
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