A flurry of November deals is expected to push South East office transactions to a total of £2.1bn in 2011.
CBRE said the high figure represents more than double the value of transactions in both 2009 and 2010.
The agency added that 11 South East office sales in November had largely contributed to the £2.1bn.
A key deal over the year to date was the UK’s largest-ever regional office sale, CBRE’s sale of PRUPIM’s Green Park to Oxford Properties for £408m.
At the same time, availability rose in November. There are now 35 investment opportunities valued at £667m, compared to £415m in October.
Mark Routledge, CBRE’s executive director, business space capital markets, said: “At the prime end of the market, we continue to see excellent prices paid as investors maintain their flight to quality, and we expect this to remain the case in 2012.”
joanna.bourke@estatesgazette.com
