Will post-Brexit Britain be able to transform from its London-centric structure into a thriving multi-city environment like Germany or the Netherlands?
Citywire AAA-rated Rogier Quirijns, who runs several real estate funds at Cohen & Steers, believes this is the million-dollar question facing the UK over the next decade.
Quirijns said London?s status as the financial centre of Europe is likely to decline from its pre-Brexit days, and this presents a chance to reshape the UK cityscape and rethink investment opportunities.
?Look, everybody can make money in London. The question is: is it socially sustainable?? he told Citywire Selector. Quirijns cited the capital?s issue of unaffordable housing and said decentralisation could offer a solution to extreme house prices.
?London is still a city with a great infrastructure, with many different cultures, and IT companies. So, I?m not a ?doom thinker?, but I think that a smaller position in London…
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