A quarter of property deals on London’s commercial real estate market have fallen through in the past few weeks, in value terms, due to the Covid-19 lockdown.

That means £1bn worth of deals out of the £4bn under offer across London have been withdrawn since the UK government's lockdown began, according to Nick Braybrook, Knight Frank's head of London capital markets. A further £500m worth in deals have been paused. This leaves £2.5bn still under offer across the city.