Record year for London's West End

Record year for London's West End

Last year proved to be a record year for commercial property in London’s West End with sales totaling £7.4bn in 2015.

Despite low prime office yield levels of 3.5% in the West End throughout the year, investor interest in the market remained strong thanks to on-going rental growth, and widely held expectations that rents will increase further in 2016.

Two thirds of the West End’s total transactions were by overseas capital, with the largest deal done by Far Eastern investors and Spanish capital completing on the second and fifth largest deals of the year.