Flurry of transactions in the West End

Commercial property investment in London’s lucrative West End climbed to record levels in the first quarter of 2017.

Figures released this month revealed that investment hit an unprecedented high of £1.93billion in the three months between January and March.

The figure edges ahead of the previous record – of £1.8billion – which was recorded four years ago.

A number of major deals boosted the figures, including the successful sale of Ampersand Building and the Facebook campus, in the district’s Rathbone Square.

Across the whole of Central London, the total invested climbed to £4.18billion – well ahead of the £3.7billion recorded in the equivalent quarter in 2016.

Buyers from countries including Hong Kong have helped fuel the flurry of transactions in the first quarter.  UK investors, by contrast, were net sellers.

Rufus Ballaster, the head of Carter Lemon Camerons’ Property department, said:

Carter Lemon Camerons has in-depth knowledge of property law.  Whatever the size of the deal we advise on every stage of your transaction to meet your goals. For more information, please contact Chris Picardo or Rufus Ballaster.