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Apr 18, 2017 · bdaily.co.uk
Investment into the capital’s office sector has boomed in the first quarter of 2016 after commercial property attracted multi-billion pound investment, including a number of £100m+ deals.
According to data released today by CBRE, total investment between January and March hit £4.9bn, representing the most chunky quarter for deals since 2014 and the highest first quarter ever.
CC Land’s £1.15bn purchase of the Cheesegrater proved to be the headline commercial deal in the period with 80% of the quarter’s business coming from overseas investors, up from 74% in Q4 2016.
Overseas buyers also accounted for nine out of the 13 deals worth over £100m in the quarter, as foreign investors hunted for bargains in the current low Sterling climate.