Thank you for sharing!

Your article was successfully shared with the contacts you provided.

UK Update – 07.20.2010I am on the beat in London this week and thought I would update you on the mood of the market “across the pond.” In sharp contrast to an emerging, albeit slow, recovery in the US, the UK real estate community is bracing for a double dip. This is not 2009, but most real estate types are very cautious about predicting that the worst is over. Also, on the real estate investment banking front, activity in the equity capital markets has slowed appreciably, signaling that the public exit strategies that were being pursued by many private owners will be on the shelf until the markets come back to life. I should note that this is not too different from the US scene where a number of IPO’s have been withdrawn recently due to pricing. The translation of this in England, on the hiring front, is as expected: little activity and not much hope for recovery for the balance of the year. Essentially, my read is that the UK is 12 months behind the US in the turnaround. Another tea, please.

Tony LoPinto is a senior client partner and head of Korn//Ferry International’s Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author’s own.

Job Opportunities LOCATE A JOB

AMERICAN INSTITUTE OF ARCHITECTS Executive Vice President/CEO (WASHINGTON, DC) The EVP will execute the AIA’s strategic plan; develop and implement annual operating plans that align with the strategic plan; build and maintain collaborative relationships with related industries, constituencies, organizations and government; and facilitate opportunities for AIA leaders to act as the voice of architects in the profession; among other duties.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.