Buyers from England and Asia are leaders in the commercial property market of London

Investment market turnover of commercial property in Central London reached a record level in 2013, an increase of 39% compared to last year.

These are the findings of a recent study of the commercial property market in London from Savills.

Market turnover of commercial property in Central London reached £grew 20.56 billion in 2013 , compared with £14,8 billion in 2012. The growth of the commercial property market in 2013 was due to more than just an infusion of Asian investors, the size of inflows which is estimated at £5.8 billion and British investors, whose participation is estimated at £5.6 billion, respectively. The total volume of transactions in the City of London was 12.16 billion, in the West End – 8.4 billion.

As can be seen from these figures, British and Asian investors kept palm to inject into the real estate sector with a slight advantage to Asian investors.

Among major transactions of Asian investors should note the acquisition of the Singapore state investment Fund GIC a huge office and shopping centre Broadgate Estate in the heart of the City of London for £1.7 billion is the largest real estate deal in the world since the financial crisis. Two other large deals of Asian investors – acquisition in the same City the iconic building at 30 Gresham Street Korean Corporation Samsung for £335 million and the purchase of Chinese insurance company Chinese insurer of the building, Lloyd’s Building for £260 million.

The most notable transaction of investors from great Britain were committed by the companies British Land, M&G, Legal & Generalи Canary Wharf Group. For the transactions of the British investors need to note the purchase for £470 million, Paddington Central investment company British Land, the purchase of Oxford House by Great Portland Estates for £91,5 million

2013 was a record year for the investment market in Central London. And deals more expensive than £100 million was a considerable flow of funds from Kuwait, Singapore, China and Germany, which demonstrates the global investment appeal of the London property market.

With the participation of the company Savills has been committed 34 % of all deals in Central London. The company forecasts to 2014, the same level of investment activity, to limit which can is only a low level of supply of properties for sale. The lack of objects for sale, respectively, may have an impact on the rental market, further increasing the impact of the rental market.

® Eleantra . 09.01.2013 G.

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