Investors pour €2.94b into Southeast office market
Investment volumes in London’s Southeast office market so far this year have already eclipsed the full-year tallies from 2020 and 2019, according to Knight Frank.
Total year-to-date investment into office assets across the Southeast region (excluding central London) stands at £2.49 billion (€2.9 billion/$3.4 billion), bolstered by a strong third quarter, which saw £524 million (€617 million/$715 million) transacted. This also represents the second-highest quarterly investment figure since first quarter 2020. Despite travel restrictions, international buyers have accounted for 69 percent of investment volumes this year, to date.
Total office take-up in 2021 has reached 1.95 million square feet, 27 percent up versus the same point in 2020, driven in part by a flurry of large deals. Seven deals of above 50,000 square feet have completed in the first nine months of the year. This is the highest number of deals of this scale to complete during a first quarter – th