Investment in London commercial property remains strong
The demand for commercial property in the UK remains high, particularly in London, despite the uncertain political and financial climate driven, predominantly, by the ongoing lack of clarity over Brexit.
This was the finding of a recent report by GVA, a leading UK provider of commercial property, which highlights how the commercial property investment sector remains buoyant in Britain.
European investors might be heeding a degree of caution over commercial property investments, but the appeal has not been lost on investors from further afield, particularly China and the Far East, who have been showing increased interest in UK commercial property during 2018.
London continues to remain the most attractive hub for foreign investors of commercial property, as GVA states in its review of the commercial property investment market:
“Regardless of political uncertainty, the fundamentals of the UK commercial property market will continue to make it an attractive place to invest and London remains the number one target for investors outside of Europe.
The review on commercial property investment follows earlier news that London’s office market is enjoying sustained levels of both leasing and investment activity in 2018.
At JLL’s recent Central London offices seminar, it was revealed the office investment market in Central London remains strong, with JLL predicting that the final numbers for investment in office space in Central London in 2018 will match, if not exceed, the numbers recorded in 2017.
Reporting on JLL’s office space findings in London, Workplace Insight notes how:
“Active demand remains well above the 10-year average, with over 9m sq. ft of enquiries currently searching for space – with demand spread across the occupier spectrum.”
If you are thinking about investing in commercial property in London or the South East, get in touch with Stirling Ackroyd Commercial today.