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"Chinese property investment in London leapt from £21 million in 2011 to over half a billion last year. News yesterday that China’s Dalian Wanda has bought a site in Nine Elms with permission to build two residential towers signals that 2013 will be the year when foreigners buy more British commercial property and development sites than domestic purchasers [buy].
Hans Vrensen, global head of research at DTZ, the agent that is due to announce a demerger from its Australian parent next week, says:
“We see continued support for London retaining its top ranking as the most liquid international investment market."
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