West End investments in the first quarter outstripped the same period over the past two years, with £1.8bn of transactions recorded.
There were 37 transactions in the core West End market totalling £1.8bn between January and March, Colliers International has recorded. The investments were significantly up on the £804m transacted in Q1 2011, and £721m in the first quarter of 2010.
In addition, six of the latest 37 deals were in excess of £100m, which is the highest number of deals of that value completed in a single quarter in the West End since 2008.
Key deals in the period included Soho Estates agreeing to pay £74m for part of bookstore Foyles’ portfolio, and Amanda Staveley’s Waterway PCP Properties’ purchase of the 3.3-acre Arundel Great Court, WC2, (pictured) for £234m.
Dominic Amey, head of West End investment at Colliers, said: “This shows strong investor appetite for the larger deal, and illustrates the substantial weight of capital seeking a home in the London property market.”
joanna.bourke@estatesgazette.com
