Middle East investors target $5.3bn London commercial property spend in 2020 - Arabianbusiness

Middle East investors target $5.3bn London commercial property spend in 2020 - Arabianbusiness:

Middle East investors are set to increase commercial real estate investment in London this year, according to Knight Frank.

Investors from the region, led by UAE and Saudi Arabia, are forecast to spend £4.1 billion ($5.3 billion) in the UK capital this year, up by £100 million compared to 2019.

However the total represents a fall from £4.7 billion seen in 2018.

China remains by far the biggest potential investor in London, with £12.7 billion of capital ready to buy assets in 2020, up 25 percent, followed by Singapore.

Overall, London is set for an increase in commercial real estate investment in 2020 as international investors target the capital’s high-yielding office market, following the decisive 2019 UK General Election result.