Overseas buyers drive record quarter for Midtown office investment deals

Goldman sachs hq

Investment transactions in London Midtown’s office market hit a record level in the third quarter of this year, boosted by overseas investor activity, according to data from Midtown-specialist agent Farebrother.

Turnover in the sub-market reached £2.6bn in Q3, 116% up on the same quarter last year, with overseas money accounting for 91% of the total.

The result, which was almost four times higher than the 10-year average of £700m, was fuelled by three main deals: the £1.2bn acquisition of Goldman Sachs’ HQ by Korea’s National Pension Service; Pontegadea’s £550m purchase of The Adelphi Building; and Norges’ acquisition of Amazon hub Sixty London for £320m.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now