As the search for yield becomes ever more desperate, there's a growing risk that real estate investors will allocate more capital to development which could, as a result, lead to the creation of the next real estate bubble, Thomas Wels, global head of real estate at UBS Asset Management, has warned in an interview with PropertyEU.
Central London's Grade A office market has seen a 4% increase in take-up volume compared to the five-year quarterly average before the pandemic, according to new data from Cushman & Wakefield.
