Asia Funds Buy London Offices in Bet Volatility Is History

Asian investors are the biggest buyers of office property in the City of London this year, wagering that the financial district’s volatile market has changed since it routed Japanese buyers in the 1990s.

Malaysia’s state pension fund and the Korean Teachers’ Credit Union are among investors from the region that spent about 1.77 billion pounds ($2.8 billion) on income-producing office buildings in the district in 2012, more than a quarter of the total, data compiled by Jones Lang LaSalle Inc. shows.