^{Source: Savills Research}

■ We expect to see c.£11bn achieved in the City, and c£8.4bn in the West End, bringing the projected end of year total for Central London to £19.4bn. This is still 81% up on the long term average and only slightly down from the record year in 2014.

■ For the City this would represent the 3rd largest annual investment turnover ever.

■ Based on our prediction for the end of Q4, on average for the last 3 years, Q4 has accounted for 44% of the annual turnover.

■ The largest deal of the month was the purchase of Broadgate Quarter, EC2 by Blackstone for £416m, 4.93% and £915/ sq ft. The 454,797 sq ft freehold building is multi-let to 11 office tenants and 3 restaurants.

■ Another notable deal which completed was the purchase of the Blue Fin Building, SE1 by Oxford Properties & Tamasek for £415m, 4.94% and £961/sq ft. The 431,779 sq ft building is principally occupied by Time Inc.

■ So far this year, UK purchasers have accounted for a greater amount of turnover than previous years at £2.5bn over 70 deals. Asian purchasers have accounted for £2.1bn across 15 deals, whilst purchasers from the US have accounted for £1.8bn across 16 deals (Graph 2).

^{Source: Savills Research. Data is accurate to the end of November 2015}

■ It is apparent that the Asian and US purchasers are targeting the larger lot sizes, as their average lot size this year has been £138m and £113m respectively. Whereas, the UK funds average lot size for purchase is £45m.

■ Taiwanese investors have been particularly active in 2015, growing to hold a 28% share of all Asian investment into the City and 21% over Central London. Despite the changing forecast in China, mainland Chinese investment into Central London currently represents 11% of total turnover, in line with 2014 (11%) and ahead of 2013 (6%).

■ IPD average equivalent yield was 5.6% at the end of October, down from 6.1% at this point last year. Furthermore, Savills prime yield remains at 4%, which is an all time record low. Furthermore, the spread between the City and the West End remains at 100bps with the West End prime yield at 3% (Graph 3).

^{Source: Savills Research}

^{Source: Savills Research}