PropertyEU

'Brexit clause' derails €1 bn of London real estate transactions

By Nicol Dynes 2016-07-04T00:00:00

union investment has pulled out of the acquisition of cannon place in london following brexit

Many buyers are invoking a 'Brexit clause' to pull out of commercial property deals in London. Just in the last few days office and retail deals worth at least £850 mln (over €1 bn) have collapsed or are under review because of post-referendum jitters.

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