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Institutions Go Cold On Property But Private Buyers Remain Keen

LONDON-New figures from researchers Property Data highlight the downturn in institutional property investment during 2001. But private and overseas investors more than plugged the gap.

By Graham Parker | Updated on January 11, 2002

LONDON-Institutional activity in the UK commercial property sector declined markedly last yearaccording to the independent property research group Property Data. It claims Institutional investment in commercial property fell to a net £254 million ($355 million) in 2001, down from a net £3.3 billion ($4.75 billion) invested in 2000.

However the hole left in the investment market by the institutions has been filled by the private property company sector and overseas investors. Privately owned property companies invested a net £1.5 billion ($2.2 billion) and overseas investors £2.2 billion ($3.2 billion) in 2001.

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