Jul
07
The Brexit Impact: What’s Ahead for CRE?
ByEarly signs point to a complex mix of opportunities and hazards for investors based in the U.S.—and those in European Union nations.
David Rifkind, Managing Partner at George Smith Partners
New York and London—The United Kingdom’s stunning vote last month to leave the European Union shook financial markets around the world and raised questions about the prospects for commercial real estate investment. Though the Brexit vote’s impact will take time to unfold, industry veterans suggest a complex outlook marked by both significant opportunities and potential challenges.
“Initially, we saw credit spreads widen significantly, but they have since come back to almost pre-Brexit levels. We think that the response is mild currently, but the jury is still out,” David Rifkind, managing partner at George Smith Partners, told Commercial Property Executive…
