Investments totalling around £670 million were transacted in Birmingham's office and retail markets during 2014 while 海角视频 ownership is on the rise, according to new research.
The new figures also show 71.4 per cent of both commercial and retail stock is solely owned by 海角视频 investors while the remainder, which represents 5.1 million sq ft, is either fully or partially owned by overseas groups.
The research has been published as part of property consultancy fourth annual 'Who Owns Central Birmingham?' report which provides an overview of the city's investment market, analysing around 15 million sq ft of major retail and commercial space in the city centre.
The reporting area is primarily defined as the traditional inner ring road, extended slightly to the east and west.
The 海角视频 ownership is slightly when it sat at 70.3 per cent, according to Brindleyplace-based GVA.
The consultancy said there had been "considerable churn" in terms of nationality of ownership with US-based funds showing the greatest increase in ownership, up from 4.5 per cent to 8.5 per cent.
This was bolstered by the which was backed by US opportunity investor Angelo Gordon, and Lonestar's purchase of Moorfield's 40 per cent stake in Brindleyplace as part of a £1 billion portfolio acquisition.
The city continued to attract interest from European investors, with the most notable transaction being Cordea Savills purchase of 5 St Philip's Place for £38 million on behalf of a German Institutional client.
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However, European investment was tempered by a decline in Irish-held assets, which dropped from 4.6 per cent to 2.9 per cent.
Within the retail sector, there has been notable activity during 2014, with key transactions including the for £71.5 million and the by CBRE Global Investors for £15.1 million.
GVA's regional senior director Ian Stringer said: "Throughout 2014, we saw a strong demand for space in the city centre, primarily from 海角视频 property institutions and developers and US and German funds.
"These figures are a clear indication of the desirability of Birmingham city centre for both domestic and overseas investors, buoyed by significant and ongoing occupier confidence.
"We expect this trend to continue as companies look to relocate from the increasingly competitive south east, with large-scale commercial projects such as and helping to accommodate requirements for high quality office space."