Interest from Asia boosts investor confidence in UK commercial real estate
The first quarter of 2023 saw the sale of Deutsche Bank’s office, Winchester House, to Malaysian Investors and BlackStone’s agreement to sell St Katharine Docks to a Singaporean group. Analysts have determined that it is due to the repricing of office values in the fourth quarter of 2022 coupled with the relative strength of the dollar over the pound.
The increase in interest from the Asian market is suggestive of the strength of the UK’s commercial property market. This should hopefully lead to further investor confidence from other international investors and national investors as well.
Despite the turbulence of the banking sector, there is continued activity in the UK commercial property market, with deals still being finalised. Although investor confidence has been shaken because of the banks, some property investors closely following the market will be looking to invest more as the market gets stronger. As noted by the FT, “It’s all a confidence game. Until we get more deals to happen, people will sit on the sidelines”.
The market is seeing an impact from international investors. Landlords may well be seeing an increase in interest by both national and international investors.
In our view, Tenants may want to consider tying up deals with landlords and they should continue to be wary of change of control clauses in their contracts.
Key contact
Mark Hickson
Head of Business Development
onlineteaminbox@brownejacobson.com
+44 (0)370 270 6000
Discover more
You may be interested in...
You may be interested in...
Opinion
Law Commission initial consultation published on reforming Part 2 of the Landlord and Tenant Act 1954
Legal Update
A new digital era: Coimisiún na Meán publishes Online Safety Code
Press Release
Browne Jacobson advises retail giant The Range on its acquisition of Homebase
Press Release
Browne Jacobson advises leading technology-driven compliance specialist on its continued market consolidation with two further acquisitions
Press Release
Browne Jacobson advises The Jordon Group on transformative merger
Press Release
Browne Jacobson advises Clean Power Hydrogen on global IP licence agreement
Legal Update
Reform of Gambling Regulation in Ireland
Legal Update
Ascensus newsletter: November 2024
Press Release
Browne Jacobson advises UK’s leading fire protection specialist on key acquisition
Press Release
Browne Jacobson advises IT solutions specialist on sale to Goldman Sachs-backed international digital transformation provider
Press Release
Browne Jacobson advises investor on the buyout of a national law firm
Legal Update
Breaking the glass ceiling: Empowering female leadership in the food and drink sector
Press Release
Browne Jacobson advises the world’s largest baby and toddler swim school on international acquisition
Press Release
Browne Jacobson advises coffee roaster 200 Degrees on acquisition by the Caffè Nero Group
Press Release - Firm news
Browne Jacobson’s private sector lawyers' reaction to the Autumn Budget 2024
Press Release
Browne Jacobson sponsors public sector think tank on new report
Press Release
Browne Jacobson continues expansion in Ireland adding real estate and construction practices
Press Release
Browne Jacobson advises fire suppression manufacturer DAS Fire on its acquisition by Alpine Fire
Press Release
Browne Jacobson advises UK climbing operator on sale to Belgian investment firm
Legal Update
Organisational approaches to ESG matters
Press Release
Browne Jacobson bolsters Real Estate team with two partner appointments
Legal Update
Navigating the waters of compliance: Understanding the Trade, Aircraft, and Shipping Sanctions (Civil Enforcement) Regulations 2024
Legal Update
Is Companies House turning the tide against facilitators of fraud?
Press Release
Browne Jacobson advises global digital transformation services provider on PE investment and acquisition of US and Hungary-based commerce consultancy
Legal Update
The future of food waste management in the UK: A guide for businesses
Legal Update
Navigating new advertising restrictions on junk food
Legal Update
Barking up the right tree: UK is European first to allow cultured ‘meat’ for pets
Legal Update
Impending reform of defamation law in Ireland: The Defamation (Amendment) Bill 2024
Legal Update
Labour's recipe for reform: The future of food and drink regulation in the UK
Press Release
Leading the conversation on DEI in the food & drink industry: celebrating the contribution of women
Legal Update - Procurement Act
The Procurement Act 2023: What’s changing and getting prepared
Opinion
Publication of The Renters’ Rights Bill: Major changes to the private rented sector are on their way
Press Release
Browne Jacobson to provide legal advice to North West public bodies after contract award
Press Release
Browne Jacobson advises Howard Farms on phased sale of Mulberry Logistics Park site
Press Release
Browne Jacobson advises obconnect on £10.5m majority investment from PayPoint
Guide
EU Artificial Intelligence (AI) Act: Guide for your business
Press Release
Browne Jacobson advises IT and cybersecurity provider on strategic expansion into Ireland
Legal Update
Digital Services Act: What has enforcement been like for the DSA so far?
Legal Update
Future-proofing real estate: The rise of green leases
