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London commercial property market continues to thrive

July saw some of the largest deals complete in central London this year, says Savills, with a total of £1.394bn transacted in the West End and the City of London across 13 deals, representing a 185 percent increase on the £489m transacted in June. The real estate adviser highlights the low exchange rate coupled with high demand as the key factors behind the ongoing drive for deals in the London commercial property market. The City of London experienced its second highest monthly turnover in 2019 with £1.017bn transacting across nine deals in July, compared to £318m in June. In the West End, £377m was transacted across four transactions – including 23 Savile Row which sold for £277m, the largest West End transaction to date this year – compared with £171m in June.

Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.