London Ranked Top
You can understand why we were drawn to this headline when we saw it on the City AM property section the other day – music to our ears you could say. While we are clouded in the uncertainty that has taken over 2019, it has been revealed that for the third year on the trot London has been ranked as the top European city for long-term commercial real estate investment potential.
Six categories were configured to generate this ranking and London scored top for five of them; investment, inspiration, innovation, infrastructure and interconnection. Inclusion was the final category and London received second place for that one which made us come out on top overall – a worthy and well-deserved title indeed!
Considering Brexit and the ambiguity surrounding it, the resilience shown by the capital’s strong and growing technology sector played a substantial role in securing this ranking. It seems positive that many well-established businesses have chosen London to locate their global headquarters; according to City AM ‘Although there is Brexit uncertainty around the capital, London is open for investment and business from around the globe, and whatever the outcome of Brexit, this will never change.’
In addition, Jules Pipe, London’s deputy mayor for planning, regeneration and skills, declared: ‘London is the best city in the world -creative, diverse and full of opportunity.’ That’s the kind of positive attitude that we need and we love hearing it.