International real estate adviser Savills has revealed that despite there being a 9% increase in investment volumes in high street shops in H1 2019, compared with H1 2018, transactional volumes remained low.
The main exception to the upwards trend was the City of London office market, which saw prime yields reduce from 4.25% in June to 4% in July.
This was supported by the £260m sale of 8 Finsbury Circus, EC2M, to Singapore-based Stamford Land.
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Mat Oakley, head of UK and European commercial research at Savills, said: “The depth of interest and the prices we’re seeing being achieved on prime London assets indicates that there is still a significant depth of demand for high-quality commercial property.
“With these assets also continuing to deliver positive capital value growth, any further weakening of sterling in the second half of 2019 is likely to see additional demand unleashed and rising volumes.”
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