Finefair believes people should always take care before they invest in property. This is even more important when it is a big sum. Our team are here to help. We are experienced, dealing with assets at both ends of the spectrum. In fact we can advise clients looking at the most costly investment properties City of London has to offer.
In the first half of 2018 investors from Asia were responsible for 68% of office purchases in the City of London. Properties have good yield potential because of high demand. A weakening of the pound also means that overseas money can go further.
Research from Savills shows that, between January and the end of June 2018, Asian investors put £3.1billion into offices. This figure is up by £300million on the same period in 2017. As a result you can clearly see how popular this kind of property is.
Some huge purchases
In 2017 there were two massive deals in the first six months of the year, including a new record high. Investors from China bought 20 Fenchurch Street (the Walkie Talkie) for £1.3billion as well as 122 Leadenhall Street (the Cheesegrater) for £1.15billion. The deals helped to make it a very successful period for office investment.
Although there hasn’t been a record breaking sale in the City in 2018, there have been several high profile ones. In June a tycoon from Hong Kong bought 5 Broadway, the London headquarters of UBS, for £1billion. A company from Singapore has also bought 5 Ropemaker Place for £650million. In addition a South Korean securities company paid £200.5million for 70 Mark Lane.
Investors are showing a lot of interest in high rise office buildings. These sky scrapers can provide plenty of benefits, including long term tenancies that offer a healthy yield and a modicum of protection against short term volatility.
Finefair is a helpful team and can support a variety of different investors. We are in a great position to help people look at the investment properties City of London has to offer. If you need any support, please contact us.