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Foreign investors snap up City

Research from Cushman & Wakefield, which estimates that foreign investment in City of London and Docklands property hit £5bn in the last quarter of 2014, the highest level for a three-month period. The sale of the Gherkin to Brazilian entrepreneur Joseph Safra for £726m in December drove commercial property deal volumes to £13.8bn for the year. Asian buyers and Middle East sovereign wealth funds were dominant buyers last year. Cushman & Wakefield estimates that there is £250bn of liquidity in the market available for direct investment in property.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

 

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