Rich Families Hunt for Real Estate Bargains Beyond the Big City

City of London. Photographer: Simon Dawson/Bloomberg

Beacon House isn’t everyone’s idea of prime office space. But the four-story, red-brick building an hour’s drive from the City of London’s glass-paneled towers is a discrete example of how wealthy families are looking further afield for returns in a crowded real estate market.
The southwest London property is among eight on the website of Riverton Capital Holding, the U.K. investment arm of a Bahrain family who made their fortune in the auto industry.
Their portfolio’s growing focus outside of London’s core commercial property market typifies how private wealth is far from just rich families investing in low-yield, value-holding real estate in the priciest parts of major cities.
Read more starting at ‘Beacon House, bought for 5.8 million pounds ($7.5 million)’ at…….Rich Families Hunt for Real Estate Bargains Beyond the Big City

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