The triggering of Article 50 passed with little reaction from the real estate finance industry, but it brings into sharp focus the political and economic challenges facing the UK and Europe.
Property services firm Colliers International has predicted that the future policies of Donald Trump and Donald Tusk, European Council president, will have a greater impact on UK real estate than the imminent triggering of Article 50.
DekaBank’s real estate boss Anni Hönicke tells Daniel Cunningham why the German bank will continue to target large, prime deals, despite Brexit, European elections and Donald Trump.
Despite the political and economic backdrop, investors still see UK commercial property as a safe haven – for the time being.
Theresa May’s vision of Brexit will challenge the resolve of overseas lenders to UK property, but how many will be deterred?
International banks and financial institutions are making “worst-case” preparations to move up to 20 percent of staff overseas in anticipation of the UK’s withdrawal from the European Union, the chairman of the City of London’s policy and resources committee has warned.
Andrew Antoniades of CBRE explores what the UK’s EU referendum vote means for development finance.
Why, when a market is on the slide, its longer-term outlook shrouded in uncertainty and the risks around it mainly on the downside, would you decide to stick your money in anyway?
“We made an investment just a few months ago before Brexit happened. I was pretty nervous. No one knows what Brexit means; there is no detailed agenda and a lot of uncertainties. But when we were underwriting the risks, we still believed London will remain a metropolitan and important city. The fundamentals will not change overnight,” said Stanley Ching, head of Real Estate Group at CITIC Capital Holdings.
There’s something potentially extremely challenging coming down the line, but it’s very slow-moving: indeed, some would say the movement is imperceptible. So what do you do?