London commercial property ends 2010 with bang | Europe | News
Central London commercial property investment transactions for 2010 totalled around £9.9 billion, an increase of a third on that for 2009, a new report reveals.
Overseas investors continued to dominate the market, accounting for two thirds, around 66%, of deals in the fourth quarter of 2010 and over the year as a whole, and for in excess of 70% of transactions in the City, according to consultants Cushman & Wakefield.
Investment volumes for the capital rose for the fifth consecutive quarter in the third quarter with £2.85 billion transacted, up from £2.78 billion in the previous quarter. The most recent quarter saw transactions dip to £2.66 billion. The amount of investment still falls a long way short, however, of that achieved during the property boom of a few years ago, for £15.25 billion in 2005 and £19.42 billion in 2007.
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