Oversupply beats Brexit as biggest London office risk: UBS
Additional space to hit market in 2017 and 2018 a bigger threat to rents, values
Tue, Aug 09, 2016 - 5:50 AM
RECORD PROJECTS: Construction began on 51 office buildings in central London in the six months through March and the amount of space being developed almost doubled in 18 months, Deloitte LLP said in a May report.
THE wave of office buildings under construction in London is a bigger threat to rents and values than the risk of companies moving out after the UK's vote to leave the European Union, according to UBS Group AG.
"We saw a build-up of oversupply of office space long before...