investors are targeting London’s commercial property in order to take advantage of favourable exchange rates and avoid increasingly expensive home markets.

According to figures from Savills, buyers from Asia had deployed £4.5bn of money into central London’s office market by the end of November, accounting for a third of the 2016’s total – far higher than last year when they held a 23pc market share.

However, the figure could rise even higher if other major office deals complete before the end of the year. The sales of buildings 30 Crown Place and law firm Freshfields’s headquarters on Fleet Street to Asian buyers are soon to be completed.

Beijing Capital Development Holdings is understood to be paying around £210m for 30 Crown Place, and Hong Kong-based private equity Joint Treasure has 65 Fleet Street under offer at around £155m.

There have been suggestions that the share of Asian investment for the final quarter of the year could be as much as 65-70pc. There has been an increase in activity following the vote to leave the European Union, which pushed down the value of the pound.

After a quieter first half of the year, investors flocked to the London market in the final months of 2016. The drop in sterling resulted in an effective 10pc discount on prices for those investing with foreign currencies.