News

Apac capital leading investment in UK office space

LondonApac-based investment in central London office premises is set to quadruple this year, according to analysis from BNP Paribas Real Estate. As of the end of Q3 2022, Apac investors had spent £4.8 billion, compared to £1.25 billion for the whole of 2021. This accounts for 43% of all capital invested in the sector. UK capital makes up just 32% of the £11.1 billion spent so far this year. According to Fergus Keane, head of Central London investment at BNP Paribas Real Estate, the weakened pound has attracted a lot of international investors with Apac the most prominent source of capital. The top deals from Asia-Pacific based capital in 2022 include the £808.5 million purchase of 21 Moorfields by TCorp, the £718 million purchase of 52-54 Lime Street by Ho Bee Land, and GIC Real Estate’s £694 million purchase of a 75% stake in Paddington Central from British Land. ©2022 funds global asia

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