On 5 March, the inaugural London Investment Prospectus was revealed, aiming to draw £9.6 billion into nine fresh real estate projects.
Facilitated by the collaborative effort of Opportunity London, a public-private partnership, this prospectus emerges amidst findings highlighting London's enduring status as the globe's most robust real estate market.
Among the nine developments featured, key proposals include a prospective medical business hub slated for Cavendish Square, situated in the West End adjacent to Oxford Street. Additionally, plans encompass a housing initiative integrating life sciences firms and film studios in the eastern reaches of London, specifically at Barking Riverside.
More housing and business projects are also in the works in North and South London, with another one planned near City Airport at Royal Albert Dock.
Data from real estate advisors JLL and Opportunity London reveals that over the past five years, investment volumes in the UK's capital have reached a staggering $96.2 billion. This figure maintains London's lead over both New York ($94.3 billion) and San Francisco ($86.5 billion) in terms of real estate investment.
Jace Tyrrell, CEO Opportunity London, said: “London is a trillion-dollar European Economy, the most diverse global city, and has pioneered innovation for over 2,000 years. We have stable political, legal, financial, and regulatory environments and consistently deliver returns for investors while deploying that capital for public good.
“Whilst London continues to be the most attractive global city in which to invest, it can also be complex to do so, and Opportunity London exists to smooth that path. Our London Investment Prospectus has the cross-party backing of every layer of Government and the private sector and sets out nearly £10 billion of investable opportunities right now. It is the very first time we have all come together in this way and the list of opportunities will only grow as we continue to engage.”
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