Last year Japanese investors spent £222m on acquiring central London property, including the £154m acquisition of First Avenue House
on High Holborn, WC1, by a Japanese private client of Sumitomo Mitsui Trust Bank, and Knight Frank expects even more investment from Japan this year. This is because yen-denominated buyers will find office investments a third cheaper compared to three years ago. Compared to the previous market peak in 2015, Japan has the biggest discount on the West End offices market, with Japanese investors paying 31.2% less in Q4 2018, according to analysis by Knight Frank. “Japanese investors are now
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