Several billion pounds worth of European corporate property is expected to be sold in the next few months as businesses look to free capital from their property assets.

This week, Credit Suisse placed the first of its Canary Wharf buildings on the market following a lengthy review, and more companies are expected to follow, particularly in the financial services and retail sectors.

Though the market is reaching its lowest point, many corporate owneroccupiers are motivated by the advantages of additional liquidity.

Many also hold properties at depreciated historic cost for accountancy purposes, meaning that selling now gives a financial boost even with a slump in values.

Financial Times