13 May 2019 - Article
It’s been a week of mixed messages. Not just from the Bundeskanzlerin and the Taoiseach. It’s the same in the London real estate market.
On the one hand, a report from Real Capital Analytics says that liquidity in the Central London RE market is at a 10 year low, presumably thanks in part at least to Brexit jitters.
On the other hand, M&G Prudential announced earlier in the week that they were going ahead with their £875million ‘Gotham City’ tower in the City’s Leadenhall Street and the Barclay Brothers decided the time was right to float the prospect of a sale of the Ritz for c£800million.
On an anecdotal level, we have seen two new potential UHNW inward investors in the last two days who are keen to deploy significant capital into the London market. We always said it would be a roller-coaster ride.