http://www.propertyweek.com/news/private-investors-seek-city-bargains-in-wake-of-brexit/5086263.article16/11/2016
Private investors seek City bargains in wake of Brexit
16 November 2016 | By Mark Wilding
Interest in London property among private investors has outstripped that of institutional buyers in recent months, according to CBRE.

St Paul’s House went to a Turkish family in one of the quarter’s key deals - Source: Beltane Global
The agency said the falling value of the pound since Brexit has encouraged private buyers to move quickly to snap up small and medium-sized assets in the City.
Analysis by CBRE suggests small deals dominated transaction volumes in the third quarter of 2016, when the average deal value was £45.6m.
Notable deals include the purchase of St Paul’s House, a 37,000 sq ft recently refurbished office building, by a Turkish family for £34.5m.
Creechurch House, a 28, 813 sq ft, eight storey building, was sold by Columbia Threadneedle Investments to the City of London Corporation for £15.4 million.
“Most take the view that London will always be a major global City, supported by a rising population, long term growth, strong real estate fundamentals and constrained occupational supply.
“The uncertainty following the referendum vote saw a pause in institutional buying and created a window of opportunity for smaller, private investors to access the market.
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