Publications

- June 1, 2019: Vol. 13, Number 6

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Walking a fine line: The Brexit negotiations have left the UK with a dangerously fragile political landscape

by Marek Handzel

If you just look at the numbers, then the UK’s real estate market looks to be in robust health.

Figures produced by Savills show that commercial property investment in London rose to £3.2 billion (€3.7 billion) in the first quarter of 2019, a 28 percent increase on the £2.5 billion (€2.9 billion) that was invested during the same period in 2018. 15 properties were traded in January to February while March saw 24 deals transacted.

US investors have been the most active group in the central London market in 2019 so far, accounting for 45 percent of all deployed capital, while domestic buyers have accounted for the most deals, having acquired 23 assets, totalling 28 percent of all allocated money. Although there is uncertainty in the market, Savills points to the acquisition by Citigroup (more from them later) of its EMEA Headquarters in the Canary Wharf business district for some £1.1 billion (€1.3 billion) as a strong sign of confidence in London.

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