Central London office investment to approach £17b in 2016, says Savills

Central London’s 2016 office investment market is expected to have a total transaction volume of more than £16.8 billion, 20 percent ahead of the long-term average of £4.4 billion, according to Savills. 

2016’s total is just 15 percent down from 2015, one of the strongest years on record (£19.4 billion/23.7 billion) and includes £3.9 billion (4.8 billion) currently under offer expected to either exchange or complete before the end of the year. 

Overseas investors have been particularly active, partly due to the currency shift following the EU referendum, says Savills, with Asian buyers, followed by