Investments hit $27.80b, eating up a whopping 56% of London office market investments.
Hong Kong investors dominated London's office market in Q3 as investments reached $27.80b, (£2.7b) taking up 56.23% of the $49.44b (£4.8b) total.
According to CBRE, the sale of Walkie Talkie for $13.38b (£1.3b) led the surge of investments in Q3.
Hong Kong has defeated mainland China as the biggest Asian investor in London office assets since Q1 last year. Chinese investors deployed $102.95m (£10m) in the office sector in Q3.
CBRE said that investors’ interest in London’s office market has shown no signs of abating.
Here's more from CBRE:
Transaction volumes registered a quarterly increase of 51% in Q2 2017 when investment levels stood at £3.2 billion. A strong Q3 transaction pipeline increased year-to-date committed capital total to £13 billion, on par with the full year 2016.
Asian buyers were the largest overseas investors in Q3 2017, transacting £3.2 billion in capital and representing 68% of all office transaction volume. This equated to the highest quarterly total for Asian investment on record.
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