U.K. investment volumes in June indicate some easing of transactional logjam, says Colliers International

Investment in U.K. commercial real estate broke through the £1 billion (€1.1 billion/$1.25 billion) mark in June for the first time in three months, suggesting the logjam in transactions is beginning to ease, states Colliers International.

Second quarter 2020 saw around £3 billion (€3.3 billion/$3.8 billion) invested in U.K. commercial real estate. When combined with the strong £15.4 billion (€16.9 billion/$19.3 billion) transacted in the first quarter, total investment in first half 2020 reached £18.3 billion (€20.1 billion/$22.9 billion), down 16 percent from first half 2019 notes Colliers.

The largest deals in the second quarter include SEGRO’s purchase of a 23-unit industrial estate at Perivale Park in Greenford for £202.5 million (€223 million/$254 million), L&G’s acquisition of an office and build-to-rent scheme at Sheffield’s West Bar Square for £150 million (€165 million/$188 million) and the sale of 55 Ludgate Hill to Union Investme