Global investment in London office space remained strong at the start of the year, but is expected to dip in the run-up to the EU referendum next month.
A total of £3.5bn was invested in the traditionally subdued first three months of the year, on a par with the same quarter in 2015, according to data from the real estate advisory firm CBRE. The figure was down from £4bn in the fourth quarter of 2015, which was particularly strong.
CBRE recorded 43 transactions in the first quarter, the lowest number since 2010, but said the number of large deals above £100m was the highest since records began in 1985.
International investors continue to dominate the market, and were involved in 67% of all transactions, down from 71% in the fourth quarter. Taking advantage of the weak pound, they poured in more than £2.4bn of investment into London offices.
via The Guardian
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at firstname.lastname@example.org. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.