An interesting comment by Cushman's here - it will be very interesting to see if PE players strengthen their hand in UK real estate if asset prices fall. The market has been waiting some time for the 'wall of cash' to be unleashed following Brexit uncertainty (now compounded by Covid-19 of course). Funds taking a 5 year view rather than a 5 month view will still see UK real estate as enormously attractive - the fundamental strength of the UK market remains, if slightly hidden from view at the moment.
Now, with large amounts of dry powder to spend, private equity buyers could be "very, very significant investors" if asset pricing adjusts down to attractive levels relative to long-term averages, Richard Womack, Partner at Cushman & Wakefield said. U.S. opportunity funds were a dominant part of the London capital markets space in 2013, 2014, 2015. "They were the major investors. They got their timing absolutely right," he added. Even if asset pricing doesn’t fall off, private fund managers will be "reasonably important, looking at strategic plays where the sectors look attractive."
unknownx500
