28.10.2011 - Britain's most famous shopping streets see dramatic rise in international ownership
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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