London property is a unique investment
Category: Office Commercial Cleaning
This is the view of director of commercial research at Savills Mat Oakley, who believes that the perception of the city is appealing to foreign investors.
He suggested that the UK has slightly different landlord-tenant agreements to many countries relating to office properties, as insurance and maintenance costs are taken on by the leaseholder, rather than the owner of the building.
"This essentially makes UK commercial property a pretty unique investment in terms of the security of the income that you get," Mr Oakley commented.
The expert added that most foreigners are looking for "safe havens" while the economy remains volatile.
Office cleaners also heard that a large proportion of the money entering the capital at the moment is going into the commercial property market.
Although London-based cleaning companies appear to have a promising future, Cushman & Wakefield recently revealed that New York has now usurped the English conurbation as the place that has attracted the most commercial property investment leading up to the third quarter of 2011.
Posted by Toni Tsocheva