Who owns the City? An analysis of Office Ownership and Global Investment in the City of London
Who owns the City? An analysis of Office Ownership and Global Investment in the City of London
The last three years have put many of us, not least the property industry, through a most testing period. The City’s office stock has experienced its fair share of pain as capital values plummeted by 50% between 2007 and 2009 and, in spite of a subsequent recovery, remain some 37% below their pre-crisis values. Nonetheless, throughout the 2008 global economic downturn and the ongoing Eurozone debt crisis, the Square Mile’s ability to attract occupiers and investors has proved to be a litmus test