{"id":2854,"date":"2017-07-12T14:03:27","date_gmt":"2017-07-12T14:03:27","guid":{"rendered":"http:\/\/poseidon-gp.com\/property\/?p=2854"},"modified":"2017-07-12T14:03:27","modified_gmt":"2017-07-12T14:03:27","slug":"asian-investors-spend-4bn-on-london-property","status":"publish","type":"post","link":"https:\/\/poseidon-gp.com\/property\/asian-investors-spend-4bn-on-london-property\/","title":{"rendered":"Asian investors spend \u00a34bn on London property"},"content":{"rendered":"

Asian investors are continuing to buy up London\u2019s commercial property, taking advantage of sterling\u2019s weakness and looking beyond mounting economic uncertainties.<\/p>\n

Undeterred Asian firms spent more than \u00a34bn on property in the capital in the first six months of 2017, according to Cushman & Wakefield.<\/p>\n

The investment accounted for almost half of all deals in the period, with \u00a38.8bn being invested in London\u2019s housing and commercial property market in the six months to July.<\/p>\n

Big-ticket deals included Hong Kong-based CC Land Holdings\u2019 purchase of the Leadenhall Building, or \u201cCheesegrater\u201d, for \u00a31.15bn and One Kingdom Street for \u00a3300m.<\/p>\n

The \u00a3315m property at 20 Gresham Street was also snapped up by investors at China Resources Limited, while the Singapore-based Ho Bee Land purchased 67 Lombard Street for \u00a3129m.<\/p>\n

Research from Cushman & Wakefield, which analyses contracts for exchanged deals, showed that London property investment was up 18.5pc from \u00a37.45bn in the same period last year.<\/p>\n

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A<\/span>ctivity from Asia-Pacific investors, including China, Hong Kong and Singapore, was at its highest in five years and accounted for 46pc of all deals.<\/p>\n

\u201cAsia-Pacific investors from across the entire region dominated the London market in the first half of this year and are set to continue with strong ongoing interest in assets right across the risk spectrum,\u201d said James Beckham, head of London capital markets at Cushman & Wakefield.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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F<\/span>ollowing closely behind the region were investors from Europe, with Germany spending the most, regardless of Britain\u2019s plans to leave the EU.<\/p>\n

Of the seven deals worth more than \u00a3200m in the City of London, German investors were responsible for four.<\/p>\n

Deutsche Asset Management acquired 2&3 Bankside for \u00a3310m, while fund manager Deka bought Cannon Place for around \u00a3485m.<\/p>\n

Separate research earlier this year showed Middle and Far Eastern buyers have been active in the regional property market, spending around \u00a31.9bn in 2016.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Asian investors are continuing to buy up London\u2019s commercial property, taking advantage of sterling\u2019s weakness and looking beyond mounting economic uncertainties. Undeterred Asian firms spent more than \u00a34bn on property in the capital in the first six months of 2017, according to Cushman & Wakefield. The investment accounted for almost half of all deals in […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2854","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9PjAq-K2","_links":{"self":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/2854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/comments?post=2854"}],"version-history":[{"count":0,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/2854\/revisions"}],"wp:attachment":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/media?parent=2854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/categories?post=2854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/tags?post=2854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}