Commercial property investment in Central London (the City and West End) rose to £3.2 billion in the first quarter of 2019, a 28 percent increase on the £2.5 billion invested in Q1 2018, according to new data from Savills. The firm also claims that investment volumes in Central London in Q1 2019 were also higher than those in Q1 2015 before the UK’s referendum to leave the EU, when they reached £3.14 billion.
According to Savills, US buyers have been the most active investor group in the Central London market in the year to date, accounting for £1.43 billion of transactions (45% of the total), although this has only been across four properties. Domestic buyers are leading the way in terms of numbers of deals acquiring 23 assets, totalling £906.6 million (28%).
Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property. The group aims to invest in property assets where they can add significant value using their property management, development and transaction structuring skills.
