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Eversheds comment: Buoyant UK's West End becoming Monaco on the Piccadilly line

  • United Kingdom

    12-08-2014

    Commenting on news that Norway's sovereign wealth fund, the world’s largest, has bought a stake in an estate in London’s Mayfair district, Bruce Dear, head of London real estate at law firm Eversheds, says:

    "This deal is another vital sign of the health of the West End.

    "It is rapidly becoming Monaco on the Piccadilly Line: every global investor of significance wants a holding there - preferably a very long term one.

    "The West End isn't really part of the UK anymore; it's part of Global Wealth Land. Norges know this. They are here to stay."

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