RealCast: UK businesses push back, Brent Cross start, Korean interest resurfaces
Dan Innes, Paul Strohm and Richard Betts
In the spotlight this week, the impact of new government restrictions in the UK make life particularly difficult for hospitality and tourism and have provoked something of a backlash. Similarly, VAT reforms that remove a VAT break for overseas tourists to the UK could cost the government more than the additional revenue it generates.
Argent makes headway with its Brent Cross plans in north London where a new town centre scheme pays respect to the “15-minute city” concept championed by Paris mayor Anne Hidalgo.
Meanwhile, the European Council of Shopping Places has been officially launched providing a Europe-wide voice for stakeholders in the retail sector.
Europe’s attractions clearly persist despite the current crisis and South Korea’s Hyundai Investments has formed a joint venture with Paris headquartered investment house La Francaise to target office investments in top and second tier cities across the Continent.
And, based on a surprisingly good Q3 result, Colliers International makes a prediction for Europe’s year-end total investment volume.
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