Foreign investors have become crazy about the booming real estate market in Britain in recent years, especially in the wake of the credit crisis, which left a large empty office space as financial in their thousands cleared their desks.
However, recent data from one of largest commercial real estate services in the world and investment firms shows that the Chinese, Middle East and Brazil have, in fact, underpin the London office market over the past three years.
According to the report of the National Office Market Review CBRE, liberalization of Chinese and Taiwanese markets have opened the floodgates for investors looking to splash your cash in the capital of Great Britain, adding billions more in commercial real estate market.
The spending abroad for 70% of the London office revenues for the second half of 2014, while £ 18.5 billion was pumped into the sector by foreign money in the last three years.
Some of the most iconic skyscrapers of London are now owned by Asian investors.
Notably, 10 Upper Bank Street in Canary Wharf Group was sold to the government-back Asian insurer China Life of £ 795 million. Meanwhile, another Chinese insurer Ping An, was made with Tower Place of £ 330 million.
China Construction Bank also disbursed £ 110 million to 111 Old Broad Street.
Meanwhile, the infamous "Gherkin" - 30 St. Mary Axe - was bought for £ 700 million by a Brazilian billionaire Joseph Safra.
The Qataris, who already owns mega structures across London, also spread of £ 1.1 billion to buy the headquarters of HSBC Dockland in 2014.
Demand for foreign investors will remain strong in 2015, as £ 13.5 billion dollars in capital is looking for a house in London.
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