Brexit Prompts SWFs to Desert London Real Estate

January 23, 2019 by Daniel Brett

  • Print
  • Please login
With its trophy skyscrapers, luxury hotels, expanding commercial real estate and soaring prices, London’ has lured a total of $226 billion of real estate investment from sovereign wealth funds since 2010. Until recently, the British capital has been seen as offering opportunities to capture high, stable yields, particularly for Middle Eastern funds. However, the brakes have been applied since the British public voted to leave the EU in June 2016. Asset value growth has collapsed and risk has grown amid a lengthy period of uncertainty that is still not over, even with the scheduled date to leave – March 29 – fast approaching. Yet, SWC's analysis predicts that Brexit may not mark the end of SWF investment in London real estate – and the most dire of predicted outcomes could spur renewed interest among funds looking for discounted property values. UK Real Estate Investment Source: Sovereign Wealth Center…

Sign-up for your free account to read this article

Get Started

Already have an account?
 

Log In Here

Updated Fund Profiles

Our market-leading fund profile library provides unrivalled analysis of more than 90 government and sovereign funds.

Register to read fund profiles

Recent SWF Investments

Search the database of direct investments and mandates by fund, industry and target market to identify past deals that match your requirements. Access over $1 trillion worth of transactions dating back to the 1960s.

Register to explore our data

Latest SWF News

Sovereign Wealth Center makes staying abreast of the most recent government and sovereign fund events easy. Our team undertakes a thorough review of global news feeds every morning and distills salient points.

Register for the latest SWF news
Join the discussion:

To be able to print this content,
you must be a subscriber

For details on your subscription options,
please contact: