Private equity firms are increasing their exposure to London office refurbishments, with PE-backed buyers accounting for around 13% of office acquisitions in the UK capital last year, up from just 4% in 2022, according to a report by Bloomberg.
Investors are targeting older buildings that can be upgraded to meet tightening energy efficiency standards and attract tenants willing to pay higher rents for greener, amenity-led space.
Groups active in the strategy include Brookfield Asset Management,...
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