The day-to-day drama in Brussels and Westminster can obscure the long-term view, which, for real estate, is largely far more positive.
It’s easier to gain that perspective with an international outlook. At the time of the Brexit vote, I was chief executive of BNP Paribas and saw how the decision was greeted across Europe and the world. Some shared the surprise and concern that dominated in the UK; in France, the feeling was largely one of incredulity that the UK was ruining the European dream. For Germany, it was seen as an opportunity to promote Frankfurt as a commercial market, while many Asian buyers and investors saw the decline in sterling as an opportunity.
Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property. The group aims to invest in property assets where they can add significant value using their property management, development and transaction structuring skills.