South Korean investment in U.K. commercial property could surpass £4b in 2018

South Korean investment in the U.K. commercial property market hit £1.1 billion ($1.4 billion) in the first half of 2018, according to Cushman & Wakefield, which predicts could surpass £4 billion ($5 billion) by the year end. It more than doubles the £530 million ($672 million) invested in the whole of 2017. 

Jonghan Kim, who specializes in advising firms from South Korea for Cushman & Wakefield’s EMEA capital markets team, said, “The Koreans have only started to buy again in London in 2018 as there had been concerns on the impact on the U.K. market following the vote to leave the European Union.”

According to Cushman, the first half of 2018 total invested in the U.K. by South Korean investors compares with £1.73 billion ($2.19 billion), £1.2 billion ($1.5 billion), and £842 million ($1.1 billion), by Hong Kong, China and Singaporean investors, respectively.

South Korean investment in U.K. commercial property, H1 2018