^{Source: Savills Research}

■ Brockton Capital has sold the freehold interest in 33 Horseferry Road to Sinar Mas Land for £207.5m, reflecting a 3.72% net initial yield and a capital value of £1,149 per sq ft. The property comprises office and retail accommodation totalling 180,600 sq ft with the office accommodation single let to the Department of Transport on a 17-year, index linked lease at an average passing rent equating to £43.13 per sq ft. Brockton acquired the property in July 2015 for £137 million, at which time it was being offered as a residential conversion opportunity when it looked probable that the Government would vacate upon their original expiry in 2018.

■ Weybourne, the private investment company of Sir James Dyson has acquired the Village portfolio for £130m. The portfolio comprises 15 properties totalling 144,262 sq ft (GIA) of mixed-use floor area let to over 60 tenants. The majority of the assets are located in Fitzrovia and Marylebone with two additional properties situated in York and Oxford. Whilst the portfolio attracted strong competition from a range of investor types, we understand that the most aggressive bidders were private UK investors.

■ In their sixth known sale in the last 12 months, Derwent London has sold the long leasehold interest in the Copyright Building, 30 Berners Street to Union Investment for £165 million, reflecting a 4.20% net initial yield and a capital value of £1,540 per sq ft. The 107,150 sq ft building is currently under construction with practical completion expected in H2 2017. The entire office element of 87,150 sq ft has been pre-let on a straight 20 year lease from completion to Capita at a rent of £86.00 per sq ft overall. The 20,000 sq ft of A1/A3 retail accommodation is vacant with Derwent providing a rental top-up at the point of sale.

■ There has been a record six transactions over £200 million up to the end of June totalling £1.64 billion, with deals over this lot size making up an unprecedented 42% of total volume (see Graph 2).

^{Source: Savills Research}

■ Although Asian investment dominated the first half of the year making up 38% of total volume, UK investors were also active albeit for smaller assets. Whilst investors from the UK transacted on 24 properties the average deal size was £44 million compared to £134 million to Asian investors.

■ Savills was involved in over £800 million of deals equating to over 20% turnover in the first half of the year and with seven sales currently available or under offer the team will remain active over the summer months.

■ The IPD average equivalent and initial yields moved out to 4.72% and 3.34%, respectively, over the course of the last month. Savills prime yield remains at 3.25%, its eighth month at this level.

^{Source: Savills Research, IPD}