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Investors plan to plough billions into UK real estate

Sam • 10th Feb 2020
Investors plan to plough billions into UK real estate

Real estate investors are planning to invest billions of pounds into UK property this year, after the General Election offered some clarity on Britain’s departure from the EU.

Investment in the UK’s property market had slowed following the vote to leave the EU more than three years ago. 

However, the recent Conservative election victory has sparked a flurry of interest in British real estate, despite the fact that a UK-EU trade deal is yet to be negotiated.  

LaSalle Investment Management, which has £12.3bn in UK real estate assets, is expecting to invest a further £1bn in property in Britain this year. 

Meanwhile, Ronald Dickerman, the president of Madison International Realty, told Reuters the private equity firm is “pursuing several possible transactions” in the UK property market. 

Last year the firm announced it had more than $1bn to invest in central London real estate. 

Other companies that are eyeing opportunities in the UK are Dutch property developer Breevast, Intermediate Capital – a London listed firm – and US companies CA Ventures and Invesco Real Estate. 

The heightened clarity over Brexit has sparked an “unlocking of transactions”, Ben Eppley, head of European commercial real estate debt at Apollo, said. 

Ghada Sousou, the chief executive of recruitment agency Sousou Partners, said her firm had been introducing international investors to UK property companies. 

Research by CBRE found that investment in central London’s office market soared in December.

The £4.9bn invested in the fourth quarter of last year was a 125 per cent jump on the amount invested in the previous quarter and was on par with 2018.

First Published: CityAM 04.02.2020

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