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Investment

Investment levels have increased throughout 2010 reaching new heights with a total of £430m transacted during the year, which was more than a 100% increase on 2009.

This has been driven by the significant weight of money seeking exposure to prime, well let assets, principally driven by UK and overseas institutions.

The rise has been driven by two significant transactions which were:

• £126m sale of One Snowhill to Commerz Real in Q1
• Hines/Moorfield's purchase of five buildings at Brindleyplace for £190m in Q3

Other significant deals within the city centre include:

• The acquisition of Rutland House by Aviva Investors for £28.5m
• M&B Fleet St acquired for £40m by a private investor
• F&C's purchase of Bank House for c. £20m