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London office market saw €5.5b transacted in Q4 2020
Research - JANUARY 14, 2021

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London office market saw €5.5b transacted in Q4 2020

by Released

The London office market’s strong underlying fundamentals and pent-up investor demand resulted in several deals closing in December, including Allianz Real Estate’s £400 million (€450 million/$547 million) purchase of a 75 percent stake in a British Land portfolio. There was a notable rebound in activity in the fourth quarter 2020, as investors moved to deploy the dry powder amassed during the quieter quarters into assets delivering long-term income opportunities.

According to the latest research from Knight Frank, 2020 saw £9.4 billion (€10.6 billion/$12.9 billion) worth of deals complete, with December seeing £2 billion (€2.3 billion/$2.7 billion) of investment pour into the market to close the year on a strong and positive note.

The momentum is expected to continue into 2021, with the London office market now having 58 percent more stock available than at the beginning of last year and greater clarity following the E.U. trade deal.

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