NEW YORK: Government discusses post-Brexit foreign investment

Toronto-New--York

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

Listen to the full debate below

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Damian-Wild-2014-NEW-THUMB.gifEDITOR’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


Real estate delegation revealed

The real estate leaders who will be travelling to North America to strike new deals and encourage inward investment into the UK after Brexit, have been announced.

New York and London dominate global cities

London and New York will remain untouchable as the world’s top two leading cities, delegates heard at LREF. More… 

Global Real Estate link buttonThe battle for the White House

Against the odds, Donald Trump has swept his way to the Republican Party nomination. When the property tycoon announced his intention to enter the presidential race back in 2015, Paddy Power gave his chances of winning as 53/1. That has been slashed to 5/2. More…

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

Related and Oxford recapitalise Hudson Yards

Related Companies and Oxford Properties have recapitalised 10 Hudson Yards in New York. More…

City that never sleeps could lose UK tourists

As investors begin to assess the impact of the UK’s decision to leave the EU and  its effect on commercial real estate, one thing is clear: the “Brexit transmission” channel in the US will most likely arise from currency moves as sterling depreciates by 10% against the US dollar. What does this mean for US real estate, and specifically, New York real estate? More… 

Boris Johnson as foreign secretary – the world reacts

Raised eyebrows, horror and amusement. Just three of the myriad reactions by political leaders and the press from around the world to the appointment of Boris Johnson as Foreign Secretary. Here’s what some of them had to say. More…

US tech workers flock to affordable cities

San Francisco is still the world’s top tech city but as skilled workers are flocking to cities with cheaper living costs, its position could be under threat, according to CBRE. More…


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Zaha after Zaha: Patrik Schumacher on the future of Zaha Hadid Architects

For three decades, Patrik Schumacher was right-hand man to legendary architect Zaha Hadid, until her death earlier this year. He talks to Emily Wright about the daunting task of continuing Hadid’s practice without her. Portrait by Matt Joseph. More…


 Hawksmoor signs in New York

British steakhouse brand Hawksmoor has signed as the restaurant at Westfield’s new World Trade Centre development, New York. More…

New York investor guide

Submarkets

Overseas investment into New York City real estate over the last five years has been dominated by Asian and European money, while Canadian funds have made their mark in some of the riskier outer boroughs. More…

Occupiers

Spanning the entire island of Manhattan along an east-west axis, Midtown is the largest central business district in the United States at a size of four square miles.


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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.


Brexit: If anyone can sympathise it’s Canada

If any place in the world can empathise with Brexit it is Canada, according to Toronto’s city’s chief city planner Jennifer Keesmaat.
Speaking at a UK investment mission to North America, organised by Estates Gazette in close partnership with the Department for International Trade, Keesmaat said: “The notion that we are better apart than we are together has been part of our national dialogue.”

Rebecca Kent in Toronto


OTHER NEWS

Why are all London’s big deals being done by overseas investors?

Non-EU investment into the UK has increased from £52.7bn in 2007 to £82.5bn last year

Javid bangs the drum in Toronto

Secretary of state for communities and local government Sajid Javid made a tub-thumping case for overseas investment in the UK

Deloitte’s Toronto HQ is its second “super green” office

The 420,000 sq ft Toronto HQ has been built to “fast-track serendipity”

Toronto’s chief city planner to debate merits of urban regeneration

Toronto’s chief city planner Jennifer Keesmaat, Sir Edward Lister, the former deputy mayor London and now special adviser to the UK government’s department for international Trade, and Carl Weisbrod, chairman of the New York City Planning commission, will be debating the merits of urban regeneration at events in Toronto and New York next week.

Savills Studley opens first office in Canada

Savills has opened its first office in Canada through the acquisition of Toronto-based tenant representation specialist Real Facilities. More…

North America investment overview Q2 2016

The economy is growing, jobs creation is happening and the property market is strong. so where should investors put their money? More…

London retains global luxury top spot

Demand for established luxury residential markets globally has plateaued, according Christie’s International Real Estate. More…

North America investment overview Q1 2016

US president’s home stretch in the Oval Office is typically accompanied by a period of stock market buoyancy. Not least because of efforts by the incumbent to demonstrate economic health and his party’s re-electability. More…

Is this the London office of the future?

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There is nothing accidental about the design of the new Deloitte HQ in Montreal, Canada. From the measurements of the show-stopping stairway in the central atrium to the angling of the lounge chairs outside the wellness centre, everything has been meticulously planned and constructed to fuel impulsive brainwaves and facilitate spur-of-the-moment interactions. More…


 Foreign investment

When looking to invest, it pays to know where the big spenders are splashing their cash, and for New York real estate, that means taking a global view. More… 


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