Uncertainty about the outcome of the General Election has failed to dampen investment in the West Midlands and the wider UK commercial property sector during the first quarter of 2015.
The latest edition of Lambert Smith Hampton's UK Investment Transactions report reveals that total investment reached £19.1bn in the opening three months of 2015, 59% higher than the same time last year and a new record for a first quarter.
A surge of overseas investment was a major driver of this strong performance, with inflows from international investors increasing by 57% year-on-year to reach £9.6bn – half of the quarter’s total volume.
In the West Midlands, investment in the first quarter reached just under £1.2 billion, an increase of more than 18% on the same period last year when levels reached £1.01 billion.
Read our latest UK Investment Transactions (UKIT) report here.