^{Source: Savills Research – accurate to end of Apr 17}

■ A notable April deal saw Deka acquire the trophy asset Cannon Place, EC4 for circa £485m, the second largest City transaction of 2017. Law firms CMS Cameron McKenna UK, Nabarro and Olswang merged recently and committed to the remaining 80,000 sq ft of space in the building, boosting the property's weighted average unexpired lease term being nearly 18 years. Savills advised the vendor.

■ As of the end of April, Asian purchasers have accounted for the majority of turnover at 50%, followed by European purchasers at 26%, it is worth noting these are all German. UK purchasers have accounted for 15% of turnover, followed by the US and Middle Eastern purchasers accounting for 5% and 4% respectively.

^{Source: Savills Research – accurate to end of Apr 17}

■ The weight of money being brought to London is difficult to show numerically. However, at the end of Q1, London remains the world's number one destination for cross-border investment at £4.77bn, which is 18% higher than second place Hong Kong and 28% more than Manhattan. The reasons being; London is seen as a safe haven and the currently favourable exchange rate for foreign capital (Source: RCA).

■ Savills prime City yield remains at 4.00% against a background of continued investor demand outstripping current supply. The spread between the City and the West End is still just 75bps with the West End prime yield currently at 3.25%.

^{Source: Savills Research – accurate to end of Apr 17}

^{Source: Savills Research}