Saudi investors pump $144m into London’s office market

SourceArab News
SectorReal Estate
CountrySaudi Arabia

RIYADH: Arab investors have invested £1.2 billion ($1.68 billion) in London’s office real estate market since 2018, with Saudi Arabia accounting for £103 million, according to industry data. Figures from global real estate consultancy firm Knight Frank found that over the last decade (2010-2020), the Gulf Cooperation Council (GCC) states, excluding Oman, together invested £8 billion into London’s office market, £1.2 billion of that since 2018. Investors from the UAE have been the most active since 2018, injecting £531 million into the UK capital, followed by investors from Qatar (£435 million), Kuwait (£120 million), Saudi Arabia (£103 million) and Bahrain (£8.8 million). “Brexit has been less of an issue, given that most investors looking at the London office market invest because of London’s attractiveness as an investment destination — relatively more favorable returns compared to other asset classes and indeed many mainland-European cities, a proven track record of delivering strong returns, the transparency of law and governance, and its strong historic more...