London commercial real estate attracts record first quarter investment
There was a total of £4.9 billion ($6.3 billion) of transactions in London between January and March 2017, according to CBRE. This was the highest volume ever in the first quarter of the year and the biggest quarterly total since the end of 2014.
Overseas investors accounted for 80 percent of the transaction volume, up from 74 percent in the fourth quarter of 2016.
Despite the Brexit vote, the United Kingdom remains the preferred region to invest in commercial real estate, according to the latest BrickVest commercial property investment barometer. In March 2017, nearly one in three (30 percent) selected the United Kingdom as their preferred commercial real estate investment location, down slightly from 31 percent in March 2016.
Following are IREN stories covering recent transactions in the U.K. market: