BNP Paribas research data reveals that local authorities were the single largest investor group in the south-east office market last year, accounting for 33% of all purchases. Can this trend continue into 2019, particularly with these local authority investment practices coming under greater media scrutiny?
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Local authorities dominated South-East office investment market in 2018
Office investment in the South East totalled £2.8bn in 2018, surpassing the 10-year average by 11%, according to new data from BNP Paribas Real Estate.
After a prolonged and delayed legislative gestation period new developments in England will now have to provide a 10% net gain in...