As per CBRE, seven large transactions accounted for three-quarters of total volume.
According to CBR, central London investment volumes totalled £5.1 billion (€6.1 million/$6.7 million) during the first trimester of 2022, the highest ever for a first quarter.
According to the report, those data were distorted by seven significant transactions, all of which were launched in 2021 or earlier and amounted for about three-quarters of the total investment volume, or £3.8 billion (€4.5 million/$5.0 million).
Investors continue to put sustainability as a top priority. Two of the top three sales in the first quarter were newly developed properties with excellent environmental characteristics.
The strong start to the year was aided by the return of Asia-Pacific investors, who contributed for 45% of the total volume, a 17% increase over the first quarter of 2021.
“We have a good expectation for the remainder of 2022,” said James Beckham, CBRE’s head of London investment. “Even with the headwinds of rising interest rates and the conflict in Ukraine, the weight of money still seeking access to the London market remains as focused as ever and there is an ample supply of available properties to meet this demand”.