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Properties of Boston, the largest Office Real Estate Investment Trust to the United States plans to London on a desire to diversify its portfolio to its internal market and stimulate growth in the long term transactions.

The company, valued at $22. 5bn (￡ EIROforum), owns Citigroup and the General Motors Building headquarters in New York, but has no presence in the United States.

However, speaking on a conference call this week, Mort Zuckerman, Chief Executive said that London offers "a highly stable political and legal environment in which to invest".

"London is a big market, a large city", he said. "It is a dynamic world finance - she has had its ups and downs, as we know - but it is a legal environment and policy very stable in which to invest.It is close to many European and Russian investors.If it does surprise me that he did well.

"Frankly, we are very interested to seek outside United States diversification for a number of reasons for a .we will watch a plan long term growth of the company .we want to be able to proceed at many levels."

If Boston decides to enter the London commercial property market, it will follow a number of other American North, including the Carlyle Canada, Brookfield CPP Investment Board group investors and properties of Oxford, Ontario Municipal Employees Retirement System, property arm earlier this week agreed to a joint venture with British land to build the Cheesegrater City Agreement.

Mr. Zuckerman, who is also the editor of the New York Daily News, said his company would travel "very carefully" to invest and still find opportunities "that we believe are relatively more attractive that remain in the United States."

According to data from Knight Frank, real estate agent, foreign investors have represented 68pc de la. 06bn ￡ 7 invested in the Centre of London property deals so far this year.

However, Mr. Zuckerman said investing in the United Kingdom wasn't his "first priority" and that he still prefers "dynamism" markets New York and Washington.

Boston has 145 properties United States covering m 51 feet square in New York, Boston, Washington, San Francisco and Princeton, New Jersey.

Earlier this month it acquired in Boston, one of the most famous buildings of the city, the John Hancock 930 m Tower $.

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