London remains preferred destination for global corporate real estate investors
London is still the world’s top destination for investment in commercial real estate despite ongoing uncertainty about Brexit, well above both Manhattan and Paris, the next two biggest markets, new research claims. Around£16.2 billion was invested in central London’s commercial offices in 2018 compared with £14.3 billion in Manhattan, £12.1 billion in Paris and £8.4 billion in Hong Kong, according to the analysis report from international real estate firm Knight Frank. It also claims, that while total investment volumes for central London were down slightly on 2017, the average deal size rose to an all-time high of £81.5 million in 2018 and it is predicted that there could be investment of £40 billion this year. China remains the largest source of investment in central London real estate, despite new capital restrictions imposed this year, accounting for £3.48 billion in 2018 and 21% of all investment in central London offices last year. The firm points out that although China remains London’s biggest source of capital, the total volume of investment from the region was down 51% on 2017, when central London saw a record £7.12 billion invested into commercial offices from Chinese investors.
Tags : INTERNATIONAL