The proportion of overseas cash being ploughed into London office buildings has hit a record high as a trio of deep-pocketed investors from mainland Europe jostled with others from Hong Kong and Korea in signing a string of multi-hundred-million pound deals.
Foreign buyers spent £3.8bn on offices in central London in the three months to September, accounting for 92% of the total investment, according to figures from property advisors CBRE.
The market has traditionally been dominated by Asian investors in recent years but they were edged out by Europeans including Germany’s Deka, which splashed out £457m on the Verde building in Victoria and £86m on another site on Chancery Lane.
