<< Western Corridor
Our annual West London and Thames Valley Seminar took place on Thursday 15 September. The seminar predicted a robust outlook following the EU referendum for the South East office market drawing on the following conclusions:
The region has a diverse occupier base with US and UK occupier parentage making up 38% and 33% of recent take-up respectively
£1.54bn has been transacted in H1 2016 in the Western Corridor, 13% up year on year and 39% ahead of the 10 year average
88% of deal volume this year has been completed by overseas investors, most notably the four largest deals coming from Asian, Australian and Middle Eastern capital attracted by the UK’s long-term property fundamentals and safe haven status as well as the price play created by the falling value of sterling
Key drivers of investor interest revolve around lease and covenant opportunities as well as permitted development opportunities
A key theme going forward is set to be decentralisation as government and private sector companies come out of London
Director - South East Office Agency
+44 (0)20 8283 2534
Director – National Investment
+44 (0)207 087 5350
+44 (0)207 087 5336
View the UK Office Market Outlook H1 2016 here.
View the Western Corridor Office Market Report H1 2016
Visit the West London and Thames Valley Seminar 2015 page here.