Investment in central London offices fell more than a third in the first half of the year as Brexit cast a shadow over one of the UK’s healthier property markets.
According to figures from property consultancy Cushman & Wakefield, investors are on track to trade ￡5.5bn of central London office buildings in the first half of 2019, a 37 per cent drop from a year earlier.
Julian Sandbach, head of central London capital markets at property agents JLL, said: “Much [investor] capital is sitting on the sidelines awaiting further clarification on Brexit outcomes.”
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