London Office Builders Aren’t Scared of Brexit Anymore
- Developers started 37 projects in 6 months to March: Deloitte
- Private equity funds, REITS are snapping up vacant buildings
This article is for subscribers only.
For London office developers at least, the Brexit waiting game is over.
Developers mostly steered clear of doing new projects on spec in the political upheaval that followed the U.K.’s 2016 vote to leave the European Union. Now the surprising resilience of London’s office market, highlighted by technology giants like Alphabet Inc. committing to open new bases in the city, has convinced them that it’s time to break ground.