- DATE : August 29, 2019
As talk of a ‘no deal’ Brexit (and now a general election) continue, and the trade dispute between China and the US carries on, it comes as no surprise that global financial markets are uneasy. Recent announcements of GDP contraction in the UK and Germany do not help either.
Despite this backdrop some investors are carrying on with business. Earlier this month builders Berkeley Group unveiled plans for a 1,800-home ‘King’s Road Park’ scheme in Fulham, and the Battersea Power Station Chief Executive was quoted saying that sales are now “running at £10m a month” . Similar activity is being registered in the commercial sector. Earlier today it was announced that Mayfair Capital completed on its £113m acquisition of the Bonhill Building in Shoreditch from Legal and General.
Notwithstanding the current uncertainty, London is managing to retains its place as a key investment destination and the weakness of the pound is making it more attractive.