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The rise and rise of London property

The rise and rise of London property

Last year was London's year for property as well as for sports and pageantry. Even as the IPD index for commercial property valuations showed consistent declines, West End real-estate companies posted high single-digit portfolio growth. Their shares performed even more strongly, in some cases rallying to within a whisker of their 2007 peaks. For the capital, it is almost as if the 2008-09 property crash never happened.

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