South: CoStar ranks top investment agencies
JLL has maintained its run at the top of the CoStar investment-agency sales table with a final sales figure of £1.62 billion in the second quarter of 2016. Its sale, jointly with Cushman & Wakefield, of 6 Bevis Marks in the City of London on behalf of AXA Investment Managers Real Assets and BlackRock Real Estate for £220 million was one of the stand-out deals of the quarter.
Cushman & Wakefield also built on its strong performance since its merger with DTZ, by coming second in both the sales and acquisition tables, recording £825m in acquisitions and £1.18b in sales in the quarter. Other than 6 Bevis Marks, key deals for the firm included the £346m sale of Aldgate Tower to Brookfield Property Partners and advising Malaysian pension fund Kumpulan Wang Persaraan (KWAP) on its sale of 88 Wood Street for around £270m.
Knight Frank climbed four places to steal the top spot in the acquisitions table with a total figure of £979m over the quarter. Knight Frank advised Hong Kong’s Shaw Foundation on its purchase of 88 Wood Street among other deals. On the sales side, Knight Frank advised on the £128m sale of the Omega Portfolio.
Eastdil Secured topped the sales table for single-branch agents by some considerable margin, with £1.1b of sales over the quarter. Stand-out deals included the £550m sale of the Holiday Inn portfolio to London & Regional, and the £560m sale of Green Park in Reading to Mapletree Investments.
Credit: CoStar
