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Monday, 12 September 2016

Middle East ‘wave of capital’ targeting London properties | The National

Middle East ‘wave of capital’ targeting London properties | The National:

"Middle East property investors are targeting the UK’s commercial property sector after the Brexit vote, according to investment specialists from CBRE.

Ed Bradley, a senior director for investment properties in CBRE’s London capital markets team, said that the decline in prices as a result of the fall in the value of the pound, and the improvement in yields available for investors is leading to more interest in the UK from clients across the region.


"I would say that there is a new wave of capital coming out, in Abu Dhabi, of two groups who have not historically bought in London that are now bidding on assets. That has all been in the last two months," he said. He also said that there was "a huge wall of capital coming out of Saudi that we have never previously seen".

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