Job cuts continued at a ferocious pace this year,with 11 of the biggest European and US banks announcing almost 100,000 new cuts.Credit:Bloomberg
The receivers,Phil Bowers,Neville Kahn and Alex Adam of Deloitte LLP,said the property will be marketed to buyers from''from all corners of the globe''.
Stephen Down,head of Central London Investment at Savills,said the sale comes at a time when the Central London office market has benefitted from improving market conditions over the course of the last few years.
''Not only have we witnessed a sustained appetite from international investors for assets in London but we have seen a substantial improvement in business growth and take up of office supply as the Capital’s economy continues to improve,''he said.
According to Savills research,over the last five and a half years,Central London has seen £71.1 billion invested into the office and retail markets,with overseas investors accounting for £47.7 billion,equating to 67 per cent of the overall volumes.
The research says that during this time period,investors from Asia Pacific represented 19 per cent of total office and retail transactions,with European buyers accounting for 18 per cent. US and Middle Eastern investors represented 13 per cent and 10 per cent respectively.