Wed, 09 Jan 2013 | COMMERCIAL PROPERTY
The commercial property market in London enjoyed a strong year in 2012, with investment reaching a five-year high.
According to a recent report from Cushman & Wakefield, the sector saw £12.57 billion worth of Central London transactions over the course of the year. The figure represents a 25 per cent increase on the £10.9 billion total recorded in 2011.
Overseas investors made up significantly more commercial property transactions towards the end of the year, accounting for 70 per cent of City commercial property transactions by the fourth quarter of 2012.
Bill Tyser, head of City investment at Cushman & Wakefield, commented: “With continued macro-economic political unrest and the secure nature of freehold investment property in the UK, coupled with a relatively weak pound and our transparent and easy access into the property market, it is likely to ensure this international interest will continue into the foreseeable future.”
Among the major transactions that took place were the sale of St Martin's Court, Paternoster Square and London Wall. The former was sold by Legal & General Investment Management to Oxford Properties for £110 million, while London Wall was sold to Invesco on behalf of China Investment Corporation for £245 million and has been occupied by Deutsche Bank.
Utilises a large fleet of articulated units and trailers to provide transportation and delivery services depot-to-depot via fully loaded trailers. Provides its comprehensive service offering for several blue-chip organisations. Receives a high volume...
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
30
|
Mar
|
Sage’s former Newcastle HQ up for sale | COMMERCIAL PROPERTY
The former Newcastle headquarters of international software ...
01
|
Dec
|
Manchester’s Equitable building on sale for £12.5m | COMMERCIAL PROPERTY
The Equitable Building in Manchester is up for sale for &pou...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.