RealCast: Brexit blues, new hope in London and Italy, Mr Beast points the way…maybe
Nicol Dynes, Dan Innes, Paul Strohm and Richard Betts
In the spotlight this week:
Brexit is far from done and the detail still missing reminds us that it is very much a process, not an event. Its complexity has been criticised by a leading retailer and delivery firm who are at the sharp end and feeling its consequences.
Meanwhile research firm Capital Economics predicts a slow post-Covid recovery for the wider European property market, although there is already increased optimism in the City of London as a record rent has been achieved in a letting at the Cheesegrater.
Consultant Savills also says Covid and Brexit have created pent-up demand as revealed in a “festive flurry” of deals around Christmas. In Italy too, a mood of optimism for 2021 is revealed by a spate of impressive deals that feature domestic investors.
And, while the power of social media remains a controversial topic, a reminder that not all of its consequences are negative: You Tuber Mr Beast – aka Jimmy Donaldson – has capitalised on a 50 million-plus following to begin a US-wide, delivery-only burger business that could give the so-called “dark kitchen” a lot more impetus as a new asset type.
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