Key deals include: Soor Capital (advised by Savills) acquiring 23-26 Austin Friars, London EC2 for £39.05 million in the group’s first investment in the UK. The deal represents a net initial yield of 5.05%, equating to £700 per sq ft; Dubai based investor, SRG Holding Limited, acquiring the freehold interest in Victoria Beckham's global headquarters at 202 Hammersmith Road, London W6 for £16.8 million (Savills advised the vendor, one of Aberdeen Standard Investments’ segregated mandates). The transaction represents a net initial yield of 4.42% and a capital value of £1,140 per sq ft.

Hassan Farran, director in the cross-border investment team at Savills, says: “There has been a notable uptick in transactional activity by Middle Eastern investors in London in 2018 when compared to the 18 months that immediately followed the EU referendum. These investors, many of whom are active in the UK and mainland Europe, are attracted to London’s liquidity and comparative value, and the resilience London’s investment market continues to demonstrate.”

-Ends-

For media contact, please contact:

Mohaned Mahgoub, TOH PR                                                    

Tel: +971 (0) 438 8900

Mohane@tohpr.com  

Jon Ivan-Duke, TOH PR

jon@tohpr.com                         

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.