The first half of 2017 was the most active first half of the year for Asian investment in central London in the last five years, according to Cushman & Wakefield.
Acquisitions by Asian investors totaled £4.07bn, a 46% share of investment in central London’s commercial property market during this period. Major deals in the first half of the year included the acquisitions of The Cheesegrater – and One Kingdom Street by Hong Kong’s CC Land, the purchase of 20 Gresham Street by China Resources Land, and the acquisition of 67 Lombard Street by Singapore’s Ho Bee Land.
The research, which counts deals for which contracts have been exchanged, shows that £8.83bn was transacted in the first six months of 2017, compared to £7.45bn over the same period last year.
