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ME investment in UK property at record high
DUBAI — DTZ Research, produced for Trowers and Hamlins, the international law firm, says that total direct investment by Middle Eastern investors in UK commercial property now stands at £7billion ($12.5billion).
This is more than the entire portfolio of FTSE-100 property giant Hammerson (£5.7billion).
According to DTZ, the international property consultants, Middle Eastern investors spent a record £1.3billion on UK commercial property in 2005 — nearly twice the £721m they invested in 2004.
Trowers and Hamlins, which advises many of the Middle Eastern funds, says that the UK commercial property market is seen as friendly location for investments.
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