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The FCO provides ?7m contract minimum savings.

The Bureau of Foreign Affairs & Commonwealth appointed from ISS Denmark to manage the properties associated with 28 missions in 14 countries of the Asia-Pacific and the India.

ISS, private owners are working on a float of ￡ more emissions or the sale of the company, will provide a range of services, including security, cleaning, answer the phone and running back office to the embassies and high commissions.

Seven-year contract was also extends on close to 700 related, including the official residences of ambassadors and High Commissioners in countries including the Australia, China and the Japan residential properties.

Simon Fraser, the FCO Permanent Under Secretary, said: "the current financial climate, the need for economies and we focus on the provision of basic FCO, activities more than ever."The FCO provides minimum savings of 7 m ￡ contract.

Jeff Gravenhorst, President and CEO of ISS, said contract illustrates "the growing trend towards the outsourcing world and regional non-core to a provider of integrated facilities specialist".

The FCO leave an outsourcing more small contracts in 2008 for managing facilities through 14 diplomatic missions in Europe and the United Kingdom Interserve.

At least seven companies of private equity have signed agreements of nondisclosure agreement related to a possible bid for the ISS, running a sales process or float double.La Danish company is owned by EQT Goldman Sachs and the Sweden.

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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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Elimination by the power of the Crown, which manages assets belonged to Queen's has been very controversial because residents fear that they might be forced to leave their homes by increasing new owner rental payments.

However, Sir Stuart Hampson, President of the Estate, State said that Peabody "synonymous with safe and dynamic communities and responsible management".

Only 1 230, based in Tower Hamlets.Westminster, Lewisham and Camden, properties were not sold to a private company will stimulate residents. The price of 150 million from ￡ is also significantly below of the 250 m ￡ the power of the State was first thought to look.

State succession is to sell the property in its strategy to diversify its portfolio of property outside of London and reinvest capital in new developments.It is also selling a set of 25pc of Regent Street for about 400 m ￡ in one year more publicized sales propriété.Quatre funds overseas are running, including Future Fund the Australia and Norwegian sovereign wealth funds.

Peabody agreement is subject to conditions such as the maintenance of letting workers key to 90pc and legally bound to the "Backup existing frameworks rental and security provisions of the occupation of the existing tenants".a consultation on the sale was launched with residents, and a final decision by the Board of Directors the power of the State will be taken to its conclusion on 23 November.

Sir Stuart said: "anyone who cares about the future of affordable housing in the capital would warmly welcome this nouvelle.Peabody houses have been at the heart of London since 150 years and their name is a synonym for responsible and safe communities dynamiques.Nous hope residents and others take the time to understand Peabody proposals for the future management of these assets and let us know their views on the proposals."

The Chief Executive of Peabody, Stephen Howlett, added: "we are absolutely committed to keep these affordable properties .the ' succession of State workers housing key current commitment will not change if the selling continues."

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