With several buyers from Hong Kong including CC Land and Emperor Group, London’s West End commercial property investment has significantly increased to £1.93 billion in 2017’s first quarter.
The previous record for the City’s West End area was £1.8 billion in 2013.
The sales of the Ampersand Building, the Facebook Campus on Rathbone Square and the Candy Crush headquarters have all contributed to the City’s record high commercial property investment.
The figures for the same period are even more impressive for the entire central London, with the total investment of £4.18 billion, an increase of 13% Y-o-Y. This has demonstrated the value London holds for property investors.
Richard Womack, Head of West End capital market at Cushman & Wakefields said that buyers were being encouraged by “the currency advantage enjoyed by non-sterling investors.”