U.K. REITs feel the sting from London financial district's woes

08/22/2008 | Bloomberg

The credit crunch that has troubled London's financial services firms is being felt by REITs in the U.K. as office rents in the city have fallen 25% since last August. Four million square feet of new space will be completed this year, even as rents and prices are expected to continue their decline. The market is not expected to recover until 2013.

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