Japanese Firms Boost London Real Estate Bets as Domestic Market Slows
Japanese companies are increasingly investing in British real estate, with a focus on London, to boost overseas profits as the domestic stock market slows. Nomura Real Estate UK Ltd. is among those continuing to eye London for potential growth.
Nomura Real Estate UK Ltd. currently manages three prime office buildings in London's West End: 160 Piccadilly, Liberty House, and The Folio Building. The company's managing director, Yutaka Hayasaka, sees London's real estate market as appealing due to its high liquidity and potential for high returns. According to Mordor Intelligence, the British real estate market is projected to grow at an annual average of 3 percent.
The West End area, where Nomura's buildings are located, has a relatively low vacancy rate. Hayasaka expects office demand in London to remain robust, driven by chronic supply shortages.
Nomura Real Estate UK Ltd. is committed to continuing its real estate investment in London, with three office buildings already under management in the West End. The company's confidence in the market is buoyed by its potential for growth and high liquidity, as well as robust office demand.
