The latest edition of the company’s quarterly UK Investment Trends (UKIT) report reveals that investment totalled £0.96bn during the first quarter, almost double the five-year average. Total activity across the UK during the period totalled £11.7bn.
Across the region, the office sector accounted for 17% of the total volume invested at £159m, while retail account for 54% of transactions with £521.95m of acquisitions – much of which can be attributed to the purchase of the recently launched Grand Central shopping centre in January.
Industrial transactions stood at £185.75m (19%), while £88.52m worth of transactions were recorded in other sectors.
Adam Ramshaw, head of Birmingham and East Midlands at LSH, said: “Q1 has been a hugely positive one for investment in the West Midlands."
The research also found that appetite remains strong for regional property assets across the rest of the UK, with £4.5bn invested outside of London during the quarter - 6% above the five-year average.
Conversely, investment in the capital was significantly down on the five-year average, meaning that figures for the UK as a whole are at the lowest quarterly total for almost three years.
Ezra Nahome, CEO of Lambert Smith Hampton, believes the national figures, driven by a reduction in purchases by overseas buyers, are a result of uncertainty around Britain’s membership of the EU.