The Department for International Trade is embarking on an investment mission to North America to strike post-Brexit deals.
The newly formed UK government department, which incorporates the former UKTI’s Regeneration Investment Organisation, is joining forces with Estates Gazette and Savills to stage events in Toronto and New York to spread the message that long-term investment in the UK’s pipeline of regeneration schemes will deliver favourable returns compared to other asset classes.
Also on the trip will be a delegation of UK real estate developers, regeneration, commercial partnership and urban planning experts driving the Midlands Engine growth agenda, which prime minister Theresa May said this month she is backing “all the way”.
US and Canadian investors have a sustained appetite for UK deals. Last year, 23% of all Canadian cross-border investment deals worldwide, equalling $55.3bn (£42bn), were transacted in the UK.
In the same year $24.4bn was invested from the US, representing 33% of all US cross-border commercial property deals.
The Canadian event for the investment mission takes place in Toronto on September 21 and includes a panel debate entitled “Finding value in the UK’s urban regeneration”.
The New York event two days later takes more of a London focus, and is titled “Building on the best city relationship in the world”.
Both events will see global investors and city and real estate commentators from both sides of the Atlantic take the stage.
• SEE ALSO: EG’s coverage of the New York and Toronto markets
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