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South East offices tipped for further yield compression as investment boom continues (CoStar)

South East office investment reached £559m in Q1 2018, 22.3% up on the same period last year and 73% up on the 10-year Q1 average, according to BNP Paribas Real Estate, with no end in sight to yield compression and the ongoing boom.

  • Hammersmith accounted for 56.5% of total volumes, with five transactions during the period.

  • Significant deals included Spelthorne Council’s purchase of 12 Hammersmith Grove for £170m, a net initial yield of 5.25%, "demonstrating the continuing appetite from local authorities", as well as First Property Group’s acquisition of Imperial Place in Borehamwood for £62.5m, reflecting a net initial yield of 6.39%.

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