Brexit Offers U.K. Office-Buying Boon, $95 Billion Fund Says
- Australia’s largest pension fund looking at U.K. real estate
- China capital controls may clear the decks for other investors
No. 1 Canada Square stands surrounded by the offices of global financial institutions, including HSBC Holdings Plc, Citigroup Inc., JPMorgan Chase & Co., and Barclays Plc, in this aerial photograph taken with a tilt-shift lens looking west along the River Thames towards the City of London from the Canary Wharf business and shopping district in London in London, U.K., on Thursday, Dec. 19, 2013. The pound approached a two-year high versus the dollar after Bank of England policy maker Andrew Bailey said the central bank may take steps to prevent U.K. house prices from rising too quickly.
Photographer: Matthew Lloyd/BloombergFollow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter.
Bankers may be leaving London, but Britain’s exit from the European Union could still offer opportunities to buy U.K. commercial real estate with the market in flux, according to Australia’s largest pension fund.