NEW YORK: Government discusses post-Brexit foreign investment

EG is in north America with the Department for International Trade, on an investment mission to North America to strike post-Brexit deals.

The newly formed UK government department is joining forces with Estates Gazette and Savills to stage events in Toronto and New York to spread the message that long-term investment in the UK’s pipeline of regeneration schemes will deliver favourable returns compared to other asset classes.
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North America debates: A tale of two cities – click here to read the full coverage of the events

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EG debate NEW YORK: Investing in the UK post-Brexit

Friday 23 September: 7 World Trade Center, 10th Floor, 250 Greenwich Street, New York, NY 10007

Brexit is a “warning signal” to New York, with the US presidential election characterised by “similar forces” that could see uncertainty spread across the Atlantic.

Carl Weisbrod, the chief city planner for New York, warned that the anti immigration and anti globalisation sentiment which led to Brexit are “bubbling up” in the US and threaten to destabilise the investment market of New York which has always “marched in lockstep” with London.

Rebecca Kent in New York

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EDITOR’S COMMENT: Britain is still open for business

Whether it’s investment, tenants or talent, the flow of overseas enterprise into the UK is vital. Looking back, this September may come to be seen as a watershed moment in demonstrating that the UK remains open for business.

Damian Wild in New York

Future gazing: London and New York

London and New York real estate experts predict where the cities’ relationship will be in five years’ time

North America debates: a tale of two cities

Estates Gazette has begun a landmark partnership with Savills and the UK government’s Department for International Trade to stage an investment mission to North America with a delegation of investors, developers and advisers. The objective was to set out the UK’s real estate investment case

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Lessons from Toronto: real estate delegates debrief on Canada mission

Friday 23 September

UK secretary of state bangs drum for UK in Toronto

Thursday 22 September

Secretary of State for Communities and Local Government Sajid Javid made a tub-thumping case for overseas investment in the UK in Toronto yesterday, demonstrating the opportunities that would come from the government’s commitment to regional growth, housing and rail infrastructure.

Canadian pension fund commits to UK investment post-Brexit:

Wednesday 21 September

One of Canada’s biggest pension funds plans to double its real estate investment in the UK over the next three-to-five years, signalling a massive vote of confidence in the market post-Brexit.

Speaking to UK real estate delegates on the first day of a UK investment mission to North America, organised by Estates Gazette in close partnership with the Department for International Trade, the Healthcare of Ontario Pension Plan, or HOOPP said it plans to continue investing in the UK even after the June 23 vote.

HOOPP’s Stephen Taylor, vice president of real estate, described the fund’s activities in the UK post brexit as “business as usual”.

In its recorded numbers for 2015, the Healthcare of Ontario Pension Plan, or HOOPP, had new or committed real estate investments totalling $1.8 billion globally.
Its investments in the UK include a storage and warehousing facility in Doncaster and an office scheme in London’s Creechurch place, with development partner Helical.