Investment in commercial property in both the City and the West End hit record highs in the first quarter of 2017 proving that it's not all doom and gloom pre-Brexit. In particular, commercial property investment in the City is expected to reach or beat the record of £12.6bn set in 2014.
In the West End, commercial property investment has also hit a record high of £1.93bn in the first quarter of 2017, driven by buyers from Hong Kong. Several large property deals for Facebook and Candy Crush have boosted figures, together with the sale of the Cheesegrater and Walkie Talkie buildings in the City.
There is still concern that businesses may be re-locating out of the capital due to Brexit uncertainties, but for now let's hope that property investment continues to flourish.
Commercial property investment in London's West End has hit a record high of £1.93bn in the first quarter of 2017, driven by buyers from Hong Kong. According to Cushman & Wakefield (C&W), the figure is up by 22 per cent on the five-year first quarter average, surpassing the West End's previous record of £1.8bn in 2013.