London was cited by 38% of institutional real estate investors as their top European city for commercial property investment, although it was closely followed by Berlin (31%).
Indeed Germany did well overall and had another three cities in the top 10: Munich (31%), Hamburg (21%) and Frankfurt (16%).
Other popular cities for investment included Paris (22%) and Dublin (21%). London was the only UK city to make the top 15.
Despite the upheaval created by the Brexit vote, 30% of institutional investors believe it will either increase or significantly increase European commercial real estate investment opportunities. A further 23% believe the vote will have no impact on commercial real estate investment opportunities.
Emmanuel Lumineau, CEO at BrickVest, said: “Our research has identified London as the number one European city to invest in commercial real estate as investors seek to capitalise on potential price discounts and market uncertainty. However Germany dominates across the leader board and we have seen plenty of appetite from investors looking to capitalise on income producing portfolios across Europe and take advantage of the Brexit vote.”
A spokesperson for the Investment Association added: “The UK is a truly global investment hub with over £5.7trn of assets managed on behalf of clients domestically and abroad. The Investment Association is confident our industry will continue to flourish and compete overseas, both in the EU and the rest of the world.”