Commercial property investment rose 17% in the City of London in the first half of the year as total turnover reached £4.98bn, according to Savills research.
Total turnover for the year is expected to top 2016, with £2bn currently under offer in just five assets in the City.
Asian investors were the most active in the market, accounting for half of all turnover in the City in H1, with an average deal size of £147.4m.
European investors were responsible for a quarter of turnover but their average deal size was £205m.
By contrast, UK investors accounted for 16% of investment with an average lot size of £27.6m.
The 10 biggest deals totalled £3.4bn, compared to the £3.1bn among the 10 biggest deals of 2016.
Savills said it expects more trophy assets to be traded in the second half, potentially bolstering the total figure for 2017.
Felix Rabeneck, director in the City investment team at Savills, said: “The City continues to have global appeal to investors with Asian investors the most active, but interestingly, on average, European investors are striking the biggest deals.
“We expect momentum seen in the first six months of the year to continue into the second half, with 2017 investment volumes overtaking 2016.”
The research also showed that the City yield has remained at 4%, 75bps above the West End.
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