Commercial real estate investment in London hit a six-year high of £19.9bn in 2013.
A barnstorming last quarter, featuring GIC’s £1.7bn Broadgate buy and St Martins £1.7bn purchase of More London, is largely responsible for the spike.
The figures, due to be released on Thursday by Cushman & Wakefield, have been published by the FT.com.
Investment rose by 47% on 2012, boosted by overseas investors drawn to London’s central business districts by the weak pound and the UK’s safe-haven status. Non-UK buyers made up 72% cent of fourth-quarter transactions in the City of London and Docklands area and 75% in the West End market.
The City and Docklands, which covers Canary Wharf and Southwark, were the most popular targets. Together they comprisedjust under 60% of investment.
The five largest transactions made up 77% of the total investment in the last quarter of the year.