Firms looking for office space to let in London might be set to benefit from a property deal in the West End.
Dubai World has sold Grand Buildings at One Trafalgar Square to an unnamed Russian investor for £172 million, according to the Daily Telegraph.
The property comprises office space, which is let to Enterprise Oil, as well as retail outlets.
After running into financial difficulties last year, Dubai World has already sold two London buildings and properties in the capital are likely to be among any future assets that it puts on the market.
Therefore, firms seeking office space to let might wish to take advantage of any upcoming sales by the company.
Thomas Parry, research manager at the Forum of Private Business, recently suggested companies - including those looking to rent service offices - might find loans become more readily available.
There are positive signs, he said, such as fewer bad debts being
reported by the banks.
