150% foreign-investment record $520-million
GlobeSt.com: A 150% increase in foreign investments in the UK? Why?
West: It really just bears out some long-term trends. The UK was one of the first markets to attract overseas investors for a number of reasons: the scale and depth of the market--it's the largest investible market in the European arena, certainly. We've also got unique lease contracts, which are generally long-term, 10 to 15 years, typically with triple-net lease provisions, so effectively the gross receipt is the net receipt and there are no nasty surprises. Also, we are quite transparent. All of those factors combine to make an attractive environment. In fact, we put together a matrix that compares global investment destinations, and the UK always scores very well for those reasons.
GlobeSt.com: Will that pace continue through the rest of 2005?
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