Schroder European Real Estate Investment Trust, CBRE Global Investors and Standard Life are among those looking at buying office buildings in various European cities, amid expectations finance companies will relocate from London as a result of Brexit.

The unit of Schroders PLC is bidding for an office building in Frankfurt, and has already bought various properties in the country.

Jeremy Plummer of CBRE Global Investors said it expects strong occupational demand from banks and financial services companies. James Rushworth of Standard Life said it is currently raising around €300m for a European property fund.