A surge of deals is expected in London over the coming year as a flurry of property transactions ended 2019.
Investors acquired or agreed deals on £1.2bn of assets in the three weeks from the general election on December 12th to the end of the year, as uncertainty over Brexit and the general political outlook eased.
CBRE is anticipating that central London transactions should increase by in 2020, helped by “strong occupier fundamentals and about £32bn of overseas equity”.
Deals concluded at the end of the year included CBRE Global Investors and Arax buying 280 Bishopsgate for £183m, K&K Property Holdings buying Orion House in Covent Garden from Welput for £130m and Deka Immobilien’s £62m purchase of 51 Moorgate.
