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UK Commercial Property Set to Ride Out Economic Downturn

LONDON - Economic growth in the UK slowed dramatically in the first quarter of 2001, but Knight Frank says UK commercial property remains well placed to ride out a potential downturn.

By Graham Parker | Updated on May 04, 2001

LONDON – Economic growth in the UK slowed dramatically in the first quarter of 2001, but UK commercial property remains well placed to ride out a potential downturn in the domestic economy according to Knight Frank’s latest UK Investment Commentary.

Sanjay Kapila, Senior Analyst with Knight Frank said: ‘As in 2000, UK commercial property has the potential to be the best performing asset class in 2001. Unlike the current rollercoaster ride that is the UK equity market, a climate of solid and steady returns from commercial property should be viewed as an attractive feature for sustained property investment.’

Last year represented the best year ever for net investment in commercial property with UK institutions committing £6.1 billion ($8.7 billion). This beat 1998′s record of £4.8 billion ($6.9 billion)and was more than double the amount invested in 1999.

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