London post-brexit as a financial center

Discussion in 'Wall St. News' started by TraDaToR, Dec 12, 2018.

  1. Visaria

    Visaria

  2. Visaria

    Visaria

    #222     Dec 28, 2018
  3. schweiz

    schweiz

    #223     Jan 4, 2019
  4. Visaria

    Visaria

    Yawn. You do realise the Guardian is extreme anti Brexit /pro EU?

    The universities just want money. To which the article actually quotes the UK Govt:

    “Through our modern Industrial Strategy we are investing the highest ever level in research and development in UK history and we are committed to seeking an ambitious future relationship on science and innovation with our EU partners. We are also guaranteeing, in the event of a no deal, money for EU programme-funded research and innovation projects agreed before the end of 2020.”

    So what's the big deal?

    Also there is a lot of non-EU talent out there who we would also want to attract into the UK which atm is harder since they have to compete with EU people who have an automatic right to work here.
     
    #224     Jan 4, 2019
  5. schweiz

    schweiz

    Just like thepro brexit camp: "Each week we sent 350 million to EU. Let's keep the money for NHS."

    You just confirmed that in your opinion the British Universities are idiots as they have a different opinion then you.
    You also mention only sources that are extreme pro Brexit, so your argument does not make sense.
     
    #225     Jan 4, 2019
  6. Visaria

    Visaria

    You're the one keep saying British universities are idiots. I haven't said anything of the sort.

    Lol, I quoted the exact same Guardian article that you posted!
     
    #226     Jan 5, 2019
  7. Visaria

    Visaria

    "Clashes erupt in Paris as 'yellow vests' protest at unrepentant Macron" - http://uk.reuters.com/article/uk-fr...s-protest-at-unrepentant-macron-idUKKCN1OZ0EQ

    All is not well in the paradise called the EU.

    Good luck to those bank workers being reassigned from London to Paris hehehe.

    'Government spokesman Benjamin Griveaux escaped from his office through a back door after a small number of protesters broke into the compound and smashed up vehicles.'

    ROFL.

    In a few months time, this will read:

    Goldman Sachs worker Benjamin Griveaux escaped from his office through a back door after a small number of protesters broke into the compound and smashed up vehicles.
     
    Last edited: Jan 5, 2019
    #227     Jan 5, 2019
    CALLumbus likes this.
  8. Visaria

    Visaria

    Why on Earth are these guys investing in London real estate if they want to leave for Europe? Why are rents in London at their highest ever if everyone is leaving?

    https://www.telegraph.co.uk/business/2019/01/02/foreign-investors-defy-fears-exodus-offices-deals/

    Investors poured £20bn into central London offices this year, one third above the long-term average, as the capital's commercial property market continued to defy fears of a capital exodus in the run-up to Brexit.

    More than 90pc of the cash came from foreign shores as investors pulled off a series of multi-hundred-million pound plus deals including the £1.2bn sale of Goldman Sachs' new City headquarters to South Korea's national pension fund.

    Other blockbuster deals included the £1bn sale of UBS's offices at five Broadgate by CK, and fashion tycoon and Spanish businessman Amancio Ortega's £550m purchase of the Adelphi building in the West End.

    Domestic investors have also been returning to the fold, including FTSE 250 member Landsec, which spent £87m on Lavington House in Southwark earlier this month. Rising demand for space coupled with a comparative lack of new buildings has spurred a rise in so-called pre-let deals, where businesses agree to occupy a building years before it has been constructed.

    Multinationals including Facebook and Sony both inked new pre-lets this year, in Kings Cross and Paddington respectively.

    Stephen Down, head of property agent Savills' central London investment team, said the investment levels were "amazing given the challenges we face at the macroeconomic level".


    He added: "At the beginning of the year I voiced our caution to the board about what we might expect going into this year ... we thought that both at the occupational and investment level things would start slowing down."

    But investment continued in line with last year and demand from companies looking for new premises has increased.

    According to Savills, rents in the City are now touching £80 per square foot, their highest level ever.

    Mr Down said: "We would expect to see more Korean money in the UK over the course of the next few months.

    "It doesn't seem to be particularly affected by what's going on in the political environment."

    90pc The level of overseas investment in purchases of commercial property in the centre of London over the past year
     
    #228     Jan 5, 2019
  9. schweiz

    schweiz

    #229     Jan 6, 2019
  10. JSOP

    JSOP

    Yes that was painful to watch. :(
     
    #230     Jan 6, 2019