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The London office sector stays on the up-and-up
London office activity is on the rise, with take-up increasing by 40 percent, according to Knight Frank’s Q2 2013 Central London Quarterly – Offices research report. This increase reflects a particular improvement in transaction levels for sub-1,000-square-metre units, according to the report.
The report also states that supply in the second quarter fell slightly to 1.6 million square metres, 5 percent below the previous quarter; investment turnover, however, rose by 50 percent quarter-on-quarter to £3.9 billion (€4.6 billion), with profile dominated by overseas investors. Also, prime yields remained stable, while the improving occupier market increased investors’ appetite for risk.
Despite the appetite for risk,