We focus on London because it offers compelling long-term fundamentals. As Europe’s largest investment market for commercial real estate, it presents the broadest range of opportunities to deliver the high returns that we target. We include South East England in our investment criteria as well because it benefits from London’s “halo effect.
As the powerhouse of the UK’s strong economy, London is the largest financial centre in Europe and a magnet for international commerce. The world’s wealthy keep homes here because of its world-class shopping, culture, dining and education. The population returned to its pre-war peak in 2015 and statisticians predict that it will exceed 10 million by 2040, making London one of western Europe’s only mega-cities.
We were early movers in targeting business space in East London for the booming technology sector while the rest of the UK property industry was struggling after the financial crisis and recession. We are still looking for opportunities where technology, media and telecoms (TMT) companies want to locate, such as Camden, Clerkenwell, Farringdon, Hackney, Shoreditch, Southwark and Whitechapel.