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Investment in City commercial property hits eight-year high

Investment in City commercial property hits eight-year high

New data show investment into commercial property in the City of London property reached £572.2m in January, 55% higher than the total for the whole of the final quarter of 2022. According to Savills, there were eight transactions during the month, with spending 80% higher than January 2022, and said there are a further 16 buildings currently under offer worth a combined £1.67bn. Felix Rabeneck, director in the City investment team at Savills, said: “This has been the strongest start to the year in the City for eight years, as improving investor sentiment combined with more market data points has helped narrow the gap between vendors’ and buyers’ pricing expectations.”

Read more: Evening Standard

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