Investors from Norway to Singapore are bypassing property funds and putting money into London commercial projects with developers, taking more risk in a bid to increase returns as the U.K. market recovers.
Azerbaijan’s State Oil Fund will cut the share of euros in its holdings in favor of the Australian dollar, Russian ruble and Turkish lira, while planning to increase investments in real estate to diversify its assets.
When Jennifer McCrea -- perhaps the best-connected fundraiser in Manhattan -- meets a billionaire to ask for money, she almost never schleps to his office, instead choosing neutral ground at a local coffee shop.
Hong Kong’s banking regulator bought 50 percent of a project in London’s luxury-shopping district from Great Portland Estates Plc, adding to a wave of Asian investment in the city. The completed development could be valued at as much as 475 million pounds ($764 million).
Sixteen years after British Land Co. bought the biggest office complex in London’s main financial district, the area’s rents have fallen back to where they were then. Now it’s looking to the U.K. capital’s West End for stronger growth.