Ian Scott International


Foreign investors defy fears of exodus with offices deals

Investors poured £20bn into central London offices this year, one third above the long-term average, as the capital’s commercial property market continued to defy fears of a capital exodus in the run-up to Brexit.

More than 90pc of the cash came from foreign shores as investors pulled off a series of multi-hundred-million pound plus deals including the £1.2bn sale of Goldman Sachs’ new City headquarters to South Korea’s national pension fund.

Other blockbuster deals included the £1bn sale of UBS’s offices at five Broadgate by CK, and fashion tycoon and Spanish businessman Amancio Ortega’s £550m purchase of the Adelphi building in the West End.

Domestic investors have also been returning to the…

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