Big deals boost office investment

Some big-ticket transactions helped the office sector to a 7% year-on-year increase in overall investment – bucking the national trend. EG data on investment transactions showed that overall spend on commercial property dipped by 15% in the year to July as both investors and owners appeared reluctant to act in the immediate aftermath of the Brexit vote. The total number of office investment transactions fell to 822 from 946 – emphasising the importance of the larger deals in securing the monetary uptick, while the stats for industrial investment showed the opposite phenomenon; volumes of deals rising, but total investment seeing a fall. London commanded 52% of the overall spend nationally, increasing its share from 49% in the prior 12 months. To send feedback, e-mail graham.shone@egi.co.uk or tweet @GShoneEG or @estatesgazette