Ping An Insurance bought the Lloyd’s Building in July this year
Real estate investment turnover for the Central London market in 2013 reached in excess of £20.56 billion (US$33.84 billion), driven largely by Asian investors, according to a recent announcement from property consultancy Savills.
The amount of investment was the most ever achieved in Central London and a 39% increase on the 2012 figure of £14.8 billion. Out of the overall total, Asian investors – particularly Chinese — represented £5.8 billion, even more than local UK buyers who accounted for £5.6 billion of total transactions.
Savills confirmed that the total transaction volume for the City of London was £12.16 billion, and in terms of transaction volumes, Asian investors took the lead in the City accounting for £4.018 billion, which includes Ping An insurance’s acquisition of the Lloyd’s Building for £260 million.
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