Wednesday, December 05, 2007

Will a low dollar bring more business to Loudoun?

This article caught my eye, about a "German subsidiary of Prudential Real Estate Investors" buying four office buildings from Boston Properties.

From the article - "This acquisition gives our clients access to an outstanding opportunity to benefit from an investment in one of the fastest growing areas in the United States," said TMW Weltfonds Managing Director Sebastian Lohmer in a statement. "We believe our investors could benefit from the region's strong economic fundamentals, fueled by demand generated by government contractors and telecommunications firms."

No doubt the current strength of the Euro contributed to the acquisition, as well. This is very good news for the county, indicating continued economic growth in the business and government sectors, and now showing other investors a way into the local commercial Real Estate market. A news story yesterday also confirms the rush of real estate investing by foreigners in the US, driven by the low dollar and therefore much easier entrance fee. Loudoun should be making extra efforts right now to continue attracting foreign investment in our Class "A" office and business infrastructure.

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