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16 December 2017
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London's commercial RE is heading for record highs

31 October 17 - RE+D Magazine
London's commercial RE is heading for record highs

COMPANIES

Savills

Consultant - GREECE

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Investment in London’s commercial real estate sector is on track for a record-breaking year as international buyers flock to the capital.

 

Property adviser Savills predicts that the total volume of commercial real estate transactions in central London during 2017 will top £20billion, and could end the year higher than the previous record level of £21.6billion set in 2014.

Commercial property transactions in central London in the first three quarters of this year hit £14.2billion, with buyers originating from more than 27 different countries.

Specifically, commercial property investment in the City is expected to reach or beat the record of £12.6billion set in 2014.Volumes hit £8.5billion by the end of September – six per cent higher than 2016’s annual total of £8.07billion.

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