Brexit Immigration Uncertainty Hurting London, Unibail CFO Says
- Paris, Frankfurt and Amsterdam now more appealing to companies
- Office leasing in Paris climbs to highest in a decade
Photographer: Simon Dawson/Bloomberg
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Uncertainty about U.K. immigration policy once the country leaves the European Union is hurting London’s prospects for attracting corporate investment, according to Jaap Tonckens, chief financial officer at Unibail-Rodamco SE, Europe’s biggest listed landlord.
For companies now deciding about where to invest in Europe, the cities of Paris, Frankfurt and Amsterdam have been “more appealing places” than London, Tonckens said in a conference call on Wednesday.