Asian investors are continuing to buy up London’s commercial property, taking advantage of sterling’s weakness and looking beyond mounting economic uncertainties.
Undeterred Asian firms spent more than £4bn on property in the capital in the first six months of 2017, according to Cushman & Wakefield.
The investment accounted for almost half of all deals in the period, with £8.8bn being invested in London’s housing and commercial property market in the six months to July.
The £315m property at 20 Gresham Street was also snapped up by investors at China Resources Limited, while the Singapore-based Ho Bee Land purchased 67 Lombard Street for £129m.
Research from Cushman & Wakefield, which analyses contracts for exchanged deals, showed that London property investment was up 18.5pc from £7.45bn in the same period last year.