By Richard Daggett
It is fair to say that, if the UK commercial real estate sector was a glass, it would be very difficult to determine whether it was half full or half empty. Every positive headline about the sector booming has been accompanied with a harbinger of doom regarding its future.
For example, with Brexit, the drop in the value of sterling has meant UK property has become increasingly attractive for overseas investors and record amounts have poured into London from Asia – wonderful! But nervousness around Brexit has led to some proposed high profile exits from London (HSBC, JPMorgan, UBS) – definitely not wonderful.