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LONDON-According to a new report from Slade & Co and the Investment Property Databankl, London’s landmark office buildings have consistently led the way for capital growth in the London office market. The research finds that UK institutional investors in office landmarks such as the Lloyd’s Building; Tower 42 and Shellmex House have seen returns averaging 13.7% higher than the rest of the market over the last 13 years.

The research also finds that yield variations for this type of building are not subject to the fluctuations of the more general market with a figure of between 6 and 6.5 per cent being typical over the period examined.

John Slade, Managing Director of Slade & Co said: “No matter what stage of the economic cycle, landmark office buildings will find a home. If they are let at the market rent, the yield has been remarkably consistent.”

According to Slade, this is the first time that landmark buildings have been subject to critical analysis with the report finding that most of them are in 75%-plus prime locations and with values in excess of pounds 100 million ($165 million).

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