West End Transaction Volumes hit Half Year High

Posted on 21 July, 2015 by Chris Grigorovsky

Total West End transaction volumes reached a record high of £3.85 billion in the first half of the year, according to a report from Savills. The figure represents a 22 per cent increase on the previous H1 best of £3.15 billion recorded in 2014.


Savills reports that June saw stellar results, with £899 million being transacted across 18 different deals. This, combined with growing investor interest in assets over £100 million, is the driving force behind the successful first half of 2015.

One of the largest deals in June, and the third largest of the year, saw Savills selling the 3.1 acre mixed use development, Notting Hill Gate Estate, for £219 million to Frogmore on behalf of Pears Group and La Salle Investment Management.

Also highlighted in the West End Investment Watch report is the high demand for prime retail assets in H1, with 145 Oxford Street and 368 Oxford Street sold for £31.5 million and £30 million respectively.

The research reveals that total investment in assets over £100 million during H1 stands at £1.88 billion, a 95 per cent increase on the £0.96 billion invested in the corresponding period last year.

Commenting on the findings, Director of Central London Investment at Savills, Paul Cockburn, said: “The West End’s record H1 turnover was driven by numerous larger transactions, reflecting significantly greater liquidity for bigger lot sizes and a more active debt market.

“Although stock is likely to be restricted over the summer months, we are expecting a range of opportunities to be presented in the autumn creating an equally strong second half of 2015.”

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme

America, Amazon Wants You!

UK Firms Battle To Survive

COVID-19 Grounds EasyJet Fleet

ECB Emergency Fight Back Aganist Covid-19

Aldi’s Expansion Plan

British Steel on the verge of collapse with over 20,000 jobs at risk

Paris watches as flames engulf one of France’s most famous landmarks

Debenhams on the brink of administration as board reject Ashley’s bid

Emmanuel Macron pushes for a new Europe with European Parliament elections on the horizon

Brexit impacts property market

Brexit uncertainty impacts the property market