• Two American billionaire families are using Brexit to build a London property empire

    7 days ago - By Chron

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    FirethornTrust, a property investment firm run by two US billionaire families, is looking to invest heavily in London property.
    The firm, run in tandem by two families, the Stephens and the Van Tuyls, is bucking the trend of delayed investments post-Brexit.
    "Brexit in its current status causes uncertainty. The uncertainty causes volatility and the volatility causes opportunity," Peter Maher, one of the firm's founders, told Bloomberg.
    Uncertainties surrounding Brexit has for the most part slowed the amount of money flowing into the UK -c ompanies are putting projects on hold...
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  • US Property Investors See Opportunity in Pre-Brexit London

    7 days ago - By Fortune

    As investors fearful of Brexit reduce their exposure to the British economy, others with an appetite for volatility are snapping up London real estate. “The volatility causes opportunity,” FirethornTrust founding partner Peter Mather told Bloomberg .
    British real estate took a big hit soon after the 2016 vote to leave the European Union, as did the pound , but both have since regained some ground as investors determined which sectors were most exposed to Brexit risk and adjusted accordingly. The automotive sector, for example, has had to rein in its expectations and plans , and the...
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