Private Investors accounted for a quarter of all commercial property deals last year, contributing an estimated $153bn of commercial property deals transacted in 2014. Many of these transactions were funded by Ultra High Net Worth Individuals (UHNWIs) – those with $30m in assets or more – through family-owned funds, companies or private offices.
The figure represents a 7% rise from $143bn invested by UHNWIs the previous year, contributing to an estimated total of $646bn worth of commercial property deals conducted throughout 2014.
The results of the Knight Frank Wealth Report’s Capital Markets Survey show UHNWIs are now looking beyond prime or trophy offices and retail space as a safe haven for their funds; they are prepared to look up the risk curve to non-core locations.
