When the Brexit arrived, the slowdown in the commercial real estate sector had already begun. "M & G was forced to temporarily suspend its real estate funds: a total of 58 assets were sold for £ 718 million:" These assets were sold systematically and at prices similar to those pre-referendum prices " , The official said. The page would be turned. Example: M & G's real estate division was given a $ 500 million mandate at the end of February by a major European investor. "At the end of last year, asset valuations have stabilized again and the appetite of foreign investors has not decreased," confirms Duncan Owen, global head of real estate at Schroders.
However BNP Paribas predict Steady demand. 500,000 sq ft of new requirements launched in Q1, an indication that sentiment amongst occupiers has improved. Three large lettings of >100,000 sq ft to Freshfields, Expedia and Arup have demonstrated that Central London continues to attract occupiers across all sectors http://bit.ly/2snHpUY
According to the 2017 CBRE European Occupier Survey, office occupiers in London are increasingly focused on creating smart offices that boost efficiency and productivity. Office locations are chosen based on three main criteria: collaboration between staff and clients, cost, and business flexibility. This has naturally led to a growing interest in flexible and shared office space, even among corporates. http://bit.ly/2sdyc1M