City office investment hit a record high this quarter, taking the total figure so far this year to £8.1bn, according to a CBRE report.
In the second quarter, the level of investment in London real estate reached £5.3bn, up by 85% on Q1 2018.
The elevated level of activity was boosted by the £1bn sale of 5 Broadgate to Hong Kong-based investor CK Asset Holdings. This was the third £1bn-plus building to trade in the past 18 months.
The busy period came after a slow start to the year, with just £2.8bn worth of deals in the first quarter.
The £8.1bn total is broadly on par with the £8.2bn achieved in H1 2017.
James Beckham, head of London investment properties at CBRE, said: “The low level of investment seen in the first quarter of this year has proved to be an aberration.
“International investors remain hungry for real estate in London and we have seen a diversification in the origin of this capital, albeit the majority is still coming from Asia.”
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