After the brexit vote, the fall in sterling attracted overseas buyers to the UK market, and many mainland and Hong Kong investors had plans to put capital in London.
Recently, Chinese real estate developer Zhang Kei Group pocketed the 5 Churchill Place building in canary wharf for 270 million pounds. The building covers a total area of 319, 000 square feet and 12 floors. The building is already a second sale in the London area since July. The company bought 20 Canada Square at a price of 410 million. The 12-story glass tower has 556, 000 square feet of office space and 16,679 square feet of space. The building's tenants now include BP and the publisher McGraw-hill International.
According to statistics, since the beginning of 2010, foreign investment in London has averaged about 60 per cent per quarter. In the third quarter of this year, Asian investors made a record investment in office building in London, totalling 4.8 billion pounds. Two-thirds are from Asian buyers. Over 90% of all commercial property deals in London during this period involve overseas investment.