Ian Scott International


Asian investors spend £4bn on London property

Asian investors are continuing to buy up London’s commercial property, taking advantage of sterling’s weakness and looking beyond mounting economic uncertainties. 

Undeterred Asian firms spent more than £4bn on property in the capital in the first six months of 2017, according to Cushman & Wakefield. 

The investment accounted for almost half of all deals in the period, with £8.8bn being invested in London’s housing and commercial property market in the six months to July. 

Big-ticket deals included Hong Kong-based CC Land Holdings’ purchase of the Leadenhall Building, or “Cheesegrater”, for £1.15bn and One Kingdom Street for £300m.  

The £315m property at 20 Gresham Street was also snapped up by investors at China Resources Limited, while the Singapore-based Ho Bee Land purchased 67 Lombard Street for £129m.

For Full Article Click Here

Back to top