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Posted on: Feb. 15, 2017, 3:08 p.m.
Though commercial deals in London waned in Brexit’s wake, investors from China and Hong Kong purchased approximately $3.75 billion in the city’s real estate last year. The yuan appreciated by 12 percent against the British pound since June, when the U.K. voted to leave the European Union, the Wall Street Journal reported. That, along with expected restrictions on outbound capital from China, has investors flocking to London. The capitalization rate on offices in London’s West ...[more] Full investment news article