Commercial property investment transactions
for 2010 in central London totalled GBP9.9 billion, it has been reported. The figure represents growth of a third on the transaction levels seen in 2009.
Overseas investors continued to be the main players in the market, accounting for 66 per cent of all the deals over the course of the year as a whole, according to analysts from Cushman and Wakefield.
The report noted that commercial real estate in the centre of the city retained its position as a mature, transparent and liquid market.
Strong rental growth predictions and the region's position as a leading international financial centre have helped to make it a very attractive investment destination for buyers.
"With the squeeze on supply of good quality investment stock, the outlook remains strong for further international activity during 2011 and we expect to see further improvements in prime headline rental growth," said Bill Tyser, head of city investment at Cushman and Wakefield.
- Friday 07 January 2011