Central London property sales reach £9b

by Andrea Waitrovich

Investment into commercial property in Central London reached nearly £9 billion ($11.6 billion) during the first half of 2017, an 18 percent increase on the same period in 2016, according to data from Cushman & Wakefield.

The first half of 2017 was the most active first half of the year for Asia Pacific investment in Central London in the last five years, totaling £4.07 billion ($5.23 billion), or 46 percent of the investment total. Acquisitions were made by Asia Pacific investors from Hong Kong, Singapore and China.

German investors also led the return of European investors to the Central London market. Of the seven deals valued at more than £200 million ($257 million) in the City of London, four of these were acquisitions by European investors, of which three were German investors.

The following are IREN stories covering the London market:

Union Investment acquires The Copyright Building in London’s West End

CBRE Global Investors buys Waterloo hotel for £160m

Deutsche Asset Management pays £310m for London office

Hong Kong investor buys London development site

Singapore investor buys London office for £129m

Grosvenor proposes £500m investment plan for London site

Asian investors continue to target London properties

Hammerson JV proposes £1.4b redevelopment in London

Land Securities pays £333m for U.K. outlet centers

Sun Hung Kai and Ballymore to build London waterfront project

Blackstone places historic dock on the market