For foreign investors, London is at the top of the list.

 

According to Reuters, a recent study by the Association of International Investors in Real Estate found that London provides the best potential for foreign real estate investment.

Last year's top city, New York, was surpassed by London. According to the survey, San Francisco was the third most popular city for international investors, followed by Houston and Los Angeles. real estate qatar

According to Reuters, the United States continues to be the most "safe and healthy" nation for investment, beating second-place Germany by 50 percentage points, the largest margin since 2006.

The United States ranked first in terms of capital appreciation potential. It also topped the list of anticipated real estate transactions in 2014, with nearly half of survey respondents expecting a moderate increase in their U.S. portfolio and 20% expecting a "significant" increase.

"Foreign investors' continued and increasing involvement in the U.S. real estate markets represents fully functional capital markets for both debt and equity that provide access to a wide spectrum of investment opportunities," said AFIRE Chairman Steven Hason, who is also the managing director of APG Asset Management U.S. Inc.'s Americas Real Estate.

 

A $140 million office building in London has been sold.

Orchard Street Investment Management LLP has agreed to buy an office building in London's Midtown district from Legal & General Group Plc for £85.1 million ($140 million).

According to Bloomberg, Legal & General, the largest manager of UK pension funds, will sell the 104,000-square-foot property at 26 Red Lion Square. Cable & Wireless Communications Plc and TSL Education Group Ltd. are among the tenants in the office building, according to the company.

According to the firm, it paid £57 million for the building in 2010 and spent £7 million on renovations.

Orchard Street partner Gary Felce said in a statement that the district "is set for more expansion, backed by the proliferation of businesses moving to Midtown and the forthcoming Crossrail station, which will be opening just a short walk away." Bloomberg estimates that London-based Orchard Street owns 3.3 billion pounds in commercial real estate in the United Kingdom.

 

The developer of the Shard is planning a residential tower in London.

According to Bloomberg, Sellar Property Group plans to build a 27-story residential tower on London's south bank of the River Thames.

The structure will be near the developer's Shard tower, which is Western Europe's tallest skyscraper. Fielden House, a 1970s office building on London Bridge Street, will be converted into approximately 150 apartments.

Similar to the Shard, Sellar will build the project in collaboration with the Qatari government.

According to Bloomberg, the new apartment building will be designed by Renzo Piano, the architect behind the Shard. There will be a total of 160,000 square feet of residential space as well as retail space.

The Place office building, which is near the Shard, has also been redeveloped by Sellar and Qatar. News Corporation agreed in July to relocate its entire London operations to the Location, nicknamed the "Baby Shard."