Positivity from commercial property occupiers boosts London’s standing
London’s commercial property and residential property sectors are very different beasts but their success is, to a degree, interlinked
Here at Lurot Brand – a Central London residential estate agent specialising in the sale and let of mews properties – we were encouraged to read this feature in The Guardian, speaking positively about London’s commercial property landscape in the wake of BREXIT.Extensive comment from the Chief Executive at British Land – one of the commercial property sector’s biggest companies – alluded to London retaining its crown as a leading city for commerce and trade. Mr Grigg cited the capital city’s ‘diverse pool of intellectual capital and reputation for innovation, as well as its culture, language and strong regulatory and legal framework’ as factors persuading existing companies to stay in London and attract new business to the city.Lurot Brand would add that London’s property sector is another reason why the city will thrive during BREXIT. The variety and quality of property for sale and to let in prime Central London is world class, and bricks and mortar itself remains a stable long-term investment – especially attractive to overseas buyers.
Our conversations with occupiers tell us that a large majority continue to value London and believe in its place as a global centre, as we do.