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£1.56 billion invested in City of London offices in Q1 2020

14 04 20 City Investment

Despite investment volumes being down, number of transactions held steady.


In the first quarter of the year, 24 deals were completed in the London City offices market with a total investment volume of £1.56 billion, according to Colliers International.

The firm notes that although investment volumes were down 25% compared to Q1 2019 (£2.1 billion), the number of deals transacted remained in line with the 25 recorded in the first quarter of last year. Key deals in Q1 this year included Union Investment’s 50% stake in Watermark Place, the c. £140 million acquisition of Procession House also by Union Investment, and the £55 million sale of 130 Wood Street by Lum Chang to a Japanese investor.

Dominic Amey,
head of City Investment at Colliers International, commented: “This quarter has been a tale of two halves. Despite the amount transacted being lower than last year’s first quarter, there was still a healthy number of deals happening as we witnessed a post-election bounce. 

“Of course, by mid-March some transactions had started to pause or faulter, affecting what would have otherwise been a much stronger quarter. The second quarter will undoubtedly be quiet, but the London market has always demonstrated an ability to bounce back.” 


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Rebecca Allen

PR Manager

Marketing & Communications

London - West End

I have been working in commercial property communications for almost 10 years  having previously worked at CBRE and most recently Savills.

In my role at Colliers I am responsible for the PR of national capital markets, London agency and capital markets teams and investment property management.

My role includes:

  • Creating and exectuing PR plans for business lines that span press, marketing and digital channels
  • Media monitoring and reporting
  • Journalist relationship building through face to face meetings, phone calls day to day assistance with stories
  • Reputation management of the Colliers brand

 

 

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