British investment funds are starting to snap up office buildings in the City of London again, after two years of shying away from commercial property in the capital due to Brexit uncertainty.
Figures from Savills, the property adviser, show that UK funds have invested £761m so far this year, buying nine buildings. This is already significantly more than the £493m they invested in the City for the whole of 2017.
It includes £265m by M&G Prudential to redevelop Anglo-American’s headquarters in Farringdon.
