The Real Deal Miami

Investors from Europe eye U.S. real estate

February 29, 2012 03:00PM

Capital flying into the U.S.

Investors in the U.K. are increasingly eyeing U.S. properties amid the uncertainty across the pond, the Wall Street Journal reported.

As a rule, European investors left the U.S. market after the collapse of Lehman Brothers Holding Company. However, in 2011 European investors spent $1.6 billion, up from $700 million in 2010.

Both U.K. insurance and investment company Legal & General Group, PLC and AXA Real Estate, a division of French company AXA SA, have said they are currently looking to invest in the U.S., the Journal said.

“Now, more than ever, the U.S. is attracting even more EU capital in search of a more safe and secure investment,” said Steve Collins, an international director at Jones Lang LaSalle’s Washington D.C. office. [WSJ]