The amount invested in City of London offices hit its highest level in four years as buyers shrugged off uncertainty over the direction of Brexit to plough hundreds of millions of pounds into a series of blockbuster deals.
While the total number of transactions across the capital since the start of this year has been down on the long-term average, investors spent a combined £536m across eight deals for buildings in the Square Mile in February, the highest in that month since 2015.
Among the largest deals was Mayfair developer Dukelease’s £121m purchase of Ibex House, an art deco Thirties block near the Tower of London, from Israeli pension fund Harel.
