Since the EU referendum on 23 June, more than half a dozen commercial property fundshave taken steps to adapt to the changing economic backdrop. The commercial property sector has been a focus since the Brexit vote and there are predictions that some properties could fall by 20% in the wake of the UK’s vote to leave the EU. Analysis by brokers at UBS found that some Brexit clauses were being triggered in commercial property transactions, causing some deals to fall through. Related: London commercial market will be hit by Brexit, says property groupThe UBS analysts said they expected London office values to fall by 20% – an increase on their previous 15% estimate. Failure to do so may lead to some investors gaining at the expense of other investors in the same fund,” the FCA said.

Source: The Guardian July 08, 2016 12:14 UTC