London has been knocked from the top of a list of best European cities for commercial property occupiers and investors for the first time since 2005, according to a leading global property fund manager.
Munich has been identified as the European city most attractive for investment on a medium-term outlook, followed by Paris, according to LaSalle Investment Management's eleventh European Regional Economic Growth Index.
London's slippage in the rankings reflects the city's exposure to the financial downturn compared with other rival business hubs.
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