Prime London office interiors 'making a recovery'

Office design news from Morgan Lovell

Published on 23-09-2009

Figures published by Primelocation.co.uk have revealed that prime London properties have grown in value for the tenth month in a row.

George Hankinson, managing director of London Central Portfolio, said that inherent supply constraints in the capital make investment in office interior space in the city a viable option at present, as prices are likely to continue to rise.

He noted that as investors return to prime modern office design space in London, the market is likely to be one of the first in the UK to show significant signs of lasting recovery.

"Land Registry figures show that the market in prime London central has bottomed out and is just starting to nudge back up," Mr Hankinson commented.

Knight Frank reported at the start of the month that sales volumes of prime London properties are up by 234 per cent compared to last August and by 90 per cent compared to January 2008.