CBRE: Middle East investment to UK (outside London) of USD702mn in 2014 – No. 5 destination
According to CBRE’s ‘In and Out 2015’ review of cross-border investment in commercial real estate, Middle East investors have been recent purchasers of iconic hotels globally such as Claridges, the Connaught and the Berkeley in London as well as the InterContinental in Paris. Highly liquid, Middle Eastern Sovereign Wealth Funds have an extremely low effective cost of capital, and are able to outbid other possible purchasers. However, Middle Eastern investors have also been substantial investors in the UK outside London – which received USD702mn of their funds in 2014. By this measure, ‘other UK’ was the fifth most popular destination in 2014.
Source : August 2015/CBRE/London/HOT