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Overseas Investors Continue Pouring Capital Into UK's Second Cities
Manchester skyline
Overseas buyers accounted for 45% of all investments into UK offices, according to Knight Frank’s newest Regional Office Market Report.
Despite investment volumes falling from £3.2B in 2015 to £2.5B in 2016, principally because of political turbulence, overseas investment remained consistent at £1.1B.
A mix of public and private investment is pushing innovation and development into the UK’s so-called second cities like Edinburgh and Manchester. International buyers view regional cities as potential business hubs with real growth opportunity. The weak pound and significant demand from occupiers, which has encouraged refurbishment and development of new office space, are also significant drivers of investment.
