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.
Retailers in London’s West End shopping district are “optimistic” about Christmas sales after business rebounded in the first week of December.
Midtown Manhattan office-building price gains have outpaced those in London’s West End as investor demand for New York properties sends values above the highs before the financial crisis.
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