the Business Forum and
the Economic Partnership
in Brighton & Hove
Homepage    BCRP Intranet    Funding    Events    Knowledgebase    Links    About us     Contact us
Key projects



Workforce development 


Business &

Property &
Development sites




Consultation opportunities

Brighton & Hove Business Forum
8-11 Pavilion Buildings, Brighton, BN1 1EE
Tel: 01273 735442
Email: info@brighton

© Brighton & Hove
Business Forum

News - 2 July 2016

Brexit sees off £650m in property deals

Uncertainty over what Brexit means for the capital has seen over £650m of property deals collapse in London since last week’s referendum vote.

Germany’s Union Investment fund has backed out of advanced negotiations to purchase Canon Place in the City of London which would have been one of the largest in the UK in 2016. Several other deals also fell through including the London HQ of Eversheds solicitors and the barrister’s chambers at 1 Chancery Lane. In addition doubts have also been expressed about the £450m sale of One Cabot Square.

Worries that financial services companies may reduce their staffing levels on London has led to a range of deals stalling until there is greater clarity over the UK’s future access to European markets.

Investment in UK real estate almost halved in the six month run up to the referendum; down to £7.5bn from £13.3bn in the same period in the previous year.


The UK has been the largest recipient of foreign direct investment [FDI] of any country in the European Union over the past decade with £21 in every £100 of FDI coming to the UK. This has ranged from French companies investing heavily in the north east [Nissan owned by Renault] and German companies investing in the south east Mini owned by BMW]. But FDI of various kinds, not just property sales, will stall until the UK’s access to the single market is clear which could take at least two years and possibly a lot longer to negotiate.

Meanwhile the continuing weakness of the £ sterling will increase the cost of imports pushing up inflation and possibly undermining consumer confidence. Since the improvements in the post-recession UK economy have been based almost entirely on consumer expenditure this could be bad news for our recovery. On the positive note, the weak currency will make our manufactured goods cheaper possibly boosting exports [but sterling's weakness after the 2008 recession did nothing to help exports].

Sterling's decline should also prove to be a boon for 'staycation' tourism. At least this will be good news for Brighton if not for Benidorm.

Read related items on:
Brighton & Hove Business Forum

Browse our business Knowledgebase or search by keyword


23 May 2018
Gingerman Restaurant Group to Open Restaurant at Hanningtons Estate Brighton
16 May 2018
Can you help us help rough sleepers? Search for a venue to provide shelter 15 May 2018
New Research Reveals Cost of Opening A Business in Brighton: £6,000 11 May 2018
Tech firm SaleCycle to open new office in Brighton, creating 30+ new jobs 4 May 2018
Get involved - National Numeracy Day This 16 May 1 May 2018
Barclays' High Growth & Entrepreneurs Awards 2018 launch to celebrate start-up leaders in the UK 30 April 2018
Barclays launches major drive to help SMEs tackle Cymbercrime 24 April 2018
An evening with Chris Fox, Lib Dem Peer 24 April 2018
"A triumph of innovation" 13 April 2018
Brighton city Centre Vacancy Rates continue to buck national trend 12 April 2018
The Ivy in the Lanes Set to open 2 May 2018 11 April 2018
Free Dr Bike Service Returns 20 March 2018
Brighton named most entrepreneurial city AND second best for student happiness according to Fresh Student Living 19 March 2018
A Meeting with Chris Fox, Lib Dem Peer - Why Business Matters 14 March 2018
Better Business for All Event with BEIS 7 March 2018
Brighton celebrates women in tech as Spring Forward festival returns for a fourth year 6 March 2018
Six months of success for BTN BikeShare 2 March 2018
Sustainability in Action masterclasses for Sussex businesses 2 March 2018
Doing Business in China comes to Brighton 1 March 2018
Brighton & Hove Chamber of Commerce presents: Protecting your brand- a guide for fast growth businesses 1 March 2018
Long haul passengers boost local economy and jobs, according to new Gatwick report on the 'Visitor Economy' 28 February 2018
Save time reporting crime 27 February 2018
Warren Morgan Resigns from Brighton & Hove City Council 23 February 2018
Brighton Technology Company, Paxton Ranks in Sunday Times 100 Best Companies to Work For 23 February 2018
Greater Brighton's Commercial Property Database 22 February 2018
SE-ASSIST - Launch of Loan Capital in Greater Brighton 19 February 2018
House Price update Q4 2017 19 February 2018
What would you do in a crisis? 19 February 2018
The investment journey for high growth entrepreneurs 9 February 2018
Make Change Count 2018 - helping rough sleepers in Brighton & Hove 8 February 2018
Brighton Technology Company Paxton Announces Recipients of New Scholarship Programmein Association with the University of Brighton 8 February 2018
Cyber London Accelerator Invites Summer 2018 Entries 8 February 2018
Innovate UK Launches Strand 2 Emerging and Enabling Technologies Sector Competition 8 February 2018
Success In Sussex As Food And Drink Heroes Crowned Winners 8 February 2018
UK Games Fund - Fourth Round Open to Applications 8 February 2018
Innovate UK & Prince's Trust Launch Young Innovators' Programme 6 February 2018
Brighton & Hove Food Partnership launches 'Kit Out The Kitchen' crowdfunding campaign 2 February 2018
Brighton & Hove Council and Crest Nicholson win £15m government funding to kickstart King Alfred project 1 February 2018
Could a Utilise Plus Programme grant help you?