Cash from around the world has poured into the capital’s business districts in recent years, but domestic owners still rule the roost.
Looking at office ownership by building size, UK landlords account for 61% of all stock in central London, with North American owners coming in second at 11%, followed by Asia with 9%.
The sale of both the Cheesegrater and Walkie Talkie, EC3, to foreign investors for over £1bn each underlined the global appeal for London offices this year, but behind those recent headline-grabbers is a broad base of in-situ overseas landlords.
Stick a pin in a world map and there is a one-in-three chance you’ll hit a nation state that has some ownership interest in central London offices, with 65 individual nations represented in EG’s analysis.
The most acutely foreign-owned section of London is the Docklands, underpinned by Qatar Investment Authority and Blackstone jointly holding multiple assets as part of their ownership of Canary Wharf Group.
Domestic ownership in the Docklands market is at just 23%, in sharp contrast to the West End, where Grosvenor, British Land, and the…