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Subdued levels of take-up were recorded, reflective of the summer and Olympic period. Just under 2 million sq ft remains under offer across London and we expect to see some of the larger requirements, notably in the City, to transact before the end of the year. New requirements registered in July continued to be primarily from the TMT sector, or through structural events. In the investment market, £349 million was traded in the City. Investor demand continues to be driven by overseas capital.
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10 August 2012