London tops world rankings for office investment in H1 2020
While quarterly investment volumes in the first quarter 2020, which totaled £2.6 billion (€2.8 billion/$3.3 billion), fell to £595 million (€642 million/$763 million) during second quarter, there has since been a surge in activity in London’s commercial office market, according to Knight Frank.
Totaling £3.2 billion (€3.5 billion/$4.1 billion), the capital has topped the list of global cities attracting the most investment into offices in the first half of 2020.
Nick Braybrook, Knight Frank head of London capital markets, commented, “As we expected, the easing of the United Kingdom’s travel and lockdown restrictions has been helpful in boosting activity. Despite this, a number of Asian countries still have quarantine measures in place for returning visitors from the United Kingdom, which we feel is holding back the market as there remains pent-up demand from many regions in Asia. We’ve already seen evidence of this in the form of The Cabot sale in Cana