Who’s on the Hook for Real Estate in Post-Brexit London: Q&A
ByDevelopers are coming to terms with Britain’s decision to leave the European Union, a decision that sent the FTSE 350 REIT index down as much 26.4 percent on Friday on fears that businesses would move staff out of the U.K. The decline continued Monday and the index is on track to close at the lowest since December 2013.
Who has most exposure to development risk?
The most experienced London office developers cut their exposure to speculative office development over the last two years as more projects started, increasing the risk of oversupply. Developers started a record number of central-London office projects in the six months through March, but the proportion of office space under construction by publicly-traded property companies and real estate investment trusts has fallen to 31 percent, according to data compiled by Deloitte LLP…
Who’s on the Hook for Real Estate in Post-Brexit London: Q&A
