Chinese investors target London office property as market correction, vaccine roll-out underpin latest deal in 2021

Global investors, particularly from mainland China and Hong Kong, are snapping up London office properties in anticipation the economy will make a swift recovery as the government rolls out a speedy Covid-19 vaccination programme.Chinese buyers picked up US$2.12 billion worth of UK commercial property in 2020, about a third of the US$6.8 billion they spent in the rest of the world, according to Real Capital Analytics, which tracks transactions worth at least US$10 million each. The UK has been…

Read the original article at South China Morning Post