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).

By A Staff Reporter

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Published: Wed 3 May 2006, 10:57 AM

Last updated: Sat 4 Apr 2015, 3:41 PM

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.

Nick Edmondes, Partner, of Trowers and Hamlins said: "There are very low political risks, the market is liquid and UK commercial property can be easily structured into shariah compliant investments."

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