European commercial RE Investment activity rises 21% in 2013
Greater London recorded its highest-ever quarterly commercial real estate investment activity in Q4 2013 as a flurry of transactions before year-end increased activity throughout Europe, according to the last research from global property advisor CBRE.
Total commercial real estate investment in Europe reached €53.4 billion in Q4 2013 - a 45% increase on Q3 2013 and 19% higher than Q4 2012. At €154 billion, investment activity for the full year was the highest annual total in Europe since 2007. Most European countries saw increased investment activity in Q4 2013, including those hit hardest by the euro zone crisis.
London experienced an exceptional final quarter, boosted by two £1.7 billion (€2.03 billion) Central London office transactions in late December. As a consequence, Greater London recorded its highest-ever quarterly investment total (when measured in sterling – just over £9 billion) in Q4 2013, surpassing even the peak levels in 2007. Global capital, in particular from North America and the Middle East, continues to drive the London market, with only one of the ten largest transactions in London in Q4 2013 going to a UK-based buyer.
To read more please click on the document below.