City acquisitions show foreign investors taking development risks.
Brexit has brought uncertainty and doubt to British society, but for foreign investors, it is offering an array of opportunities. Many City and West End office buildings have been bought by Chinese investors, while a private Hong Kong investor has acquired an office building in the City of London from Legal & General for £32.4 million. The family office acquired the 43,382 sq ft Garden House, which is located close to the Bank of England. The building appreciates a yield play of approximately 5%.
