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How is London responding to the immediate challenges posed by Brexit?

United Kingdom Architecture News - Mar 14, 2017 - 18:50   11426 views

How is London responding to the immediate challenges posed by Brexit?

London still becomes the current issue for not only architects and designers for post-Bexit but also occupies the agenda for investors and developers in the city's real estate market.

MIPIM's another session titled ''How is London responding to the immediate challenges posed by Brexit?'' explored the challenges and strategies for the future of London, including possible solutions and long-term investments to increase London's business environment.

Jules Pipe, Deputy Mayor for London Planning, has commented on how the city is coping with Brexit uncertainty. Gibson Miles, Head of UK Research, CBRE and Jurdak Tomas, Managing Director UK, HB Reavis has identified the key priorities and opportunities for London in the year ahead in the panel discussion.

''W e should understand what we really need it,'' said Jules Pipe. ''We can see Brexit positive and we should increase our international workforce to expand future relations.''

How is London responding to the immediate challenges posed by Brexit?

Opening speech by Jules Pipe, Deputy Mayor for London Planning

''Google, Apple and Facebook are making projects in UK to increase job opportunities and they can be seen as major supporters for London by making big projects in the city.''

''London celebrates its diversity,'' added Pipe. ''UK needs skill-training strategic plannings, new branchings or new initiatives to boost London's investment market.''

''Brexit is not an issue for us. We are still making investment to London,'' said Jurdak Tomas, Managing Director UK, HB Reavis. ''But, we can not find 20 person to work in the business environment,'' he added.

''Tech, Media sector has doubled in London in recent months,'' said Gibson Miles, Head of UK Research, CBRE. ''Specifically, the rate of startups or DMC sectors is very high and increasing because there are very talented, creative and young people living here.''

How is London responding to the immediate challenges posed by Brexit?

Gibson Miles, Head of UK Research, CBRE, talks about benefits of Brexit

In the session, Gibson Miles offered two things for Londoners. The first one is ''make your plans'' for migration shifts or currency effect. The second one is ''watch the policy-not to politics (because the politics is just a voice).

The speakers also discussed transaction flow for real estate market in London. ''The volume of office space is very high and still in demand,'' said Jules Pipe. He added that they are planning more luxury residential buildings for the near future in the city. 

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