DTZ says City offices resilient

OFFICES in London’s Square Mile offer one of the best defensive plays for property investors seeking to safeguard total returns if the pan-European sector is dragged into a second recession by the Eurozone debt crisis, research by DTZ claims.

The property consultancy carried out research based on a worst-case scenario, with the 20 per cent possibility of a Eurozone debt crisis unfolding.

Total returns for City offices from 2011-16 would be 6.6 per cent, against 7.7 per cent if the economy continued its current muted rebound.