■ Savills, jointly acting on behalf of Thor Equities and Meyer Bergman, has sold Mayfair’s Burlington Arcade to Motcomb Estates for £300m, reflecting a 3.20% net initial yield and a capital value of £8,155 per sq ft. The Arcade, which opened in 1819, provides 36,787 sq ft of prime retail space, has a combined frontage of 360m and attracts over four million visitors a year. It is the longest covered shopping street in the UK, linking Piccadilly and Burlington Gardens. This was Motcomb Estates sixth known purchase in the last 12 months, with the private investment vehicle having deployed over half a billion pounds over this period.

■ Acting on behalf of a private Middle Eastern investor, Savills has sold the freehold interest in 4 Tenterden Street, off market, to a Private European investor for £51.625m, reflecting a capital value of £3,377 per sq ft on the office accommodation. The property, which is multi-let to seven tenants at an annual rent of £477,795, comprises 14,990 sq ft of office accommodation and car parking space at basement level. Vacant possession is available within six months, providing a near-term development opportunity, subject to planning.

■ The freehold interest in 20 Soho Square has sold to a private European investor for £117m, reflecting a 4.00% net initial yield and a capital value of £1,757 per sq ft. The recently refurbished office building comprises 66,575 sq ft of office accommodation and is single let to Palantir Technologies for a term of 10 years from November 2016, at a rent reflecting £75.00 per sq ft overall.

■ So far this year we have recorded just £2.22bn of assets being marketed over 51 properties, compared to £3.73bn over 69 transactions in the first five months of 2017 (see Graph 1). Of particular note has been the lack of availability of sales in excess of £100m, with just six properties launched over this hurdle compared to 13 over the same period in 2017. Investors and agents remain frustrated by this lack of availability with turnover suffering as a result, down approximately 28% year-on-year.

■ The MSCI average net initial yield remains at 3.4% for the second consecutive month whilst the equivalent yield moved out just 1 bps to 4.67%. Savills prime yield remains at 3.25% (see Graph 2).