The money that Asian buyers are spending on office blocks in the City of London has reached a record high, as capital from Hong Kong and China pours into Britain.
About £3.4bn of Asian capital has been invested in City offices this year, according to Savills, the property consultancy. That is 70% of the total volume and a record high for the first six months of a year.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
The Co-operative Bank provides £16.2m to waterfront development
Industry leaders are reassured by the likelihood of the sector falling outside of policy changes
Company is monitoring “market volatility”
CFO Shaw will step into top post next year
