Why Paris is on the up: tourism, transport and Brexit September 21, 2017 As Global Cities bloggers and property investors, we track a whole range of factors when compiling the Schroders Global Cities index. Strong tourism and improving transport links are among the essential ingredients for improving a city’s prospects and therefore its attraction to commercial real estate investors. Paris, ranked 16th in the index, is worthy of [...]
EU considers new taxes as it scratches its head over the budget funding shortfall from Brexit June 28, 2017 The European Commission is considering new taxes for EU members to fill the funding gap that will emerge when the UK exits the bloc. The UK was the second largest net contributor to the EU budget in 2015, providing £12bn. Read more: Carney: Tighter policy needed if businesses look through Brexit uncertainty When the UK [...]
Brexit will be a huge challenge for London – but our best days still lie ahead | City A.M. March 28, 2017 Today London mayor Sadiq Khan visits Paris on his shortened tour through continental Europe, just a day before the government invokes Article 50. As the mayor passes through the French capital, it will send an important and timely signal that London remains committed to openness, engagement and internationalism. London has a glorious past, a dynamic [...]
Eurotunnel profits rocket as boss hails “best year in our history” March 1, 2017 Groupe Eurotunnel, the owner of the Channel Tunnel, has announced its "best year" ever as profits shot up, despite Eurostar passenger numbers being "badly affected" by terrorist attacks in Paris, Brussels and Nice. Read more: Records fall as Eurotunnel keeps on truckin' The figures Net consolidated profits were €200m for the year, compared to €75m for 2015. [...]
Netflix and Hills: how streaming services are moving in on Hollywood real estate February 20, 2017 The Schroders Global Cities Index ranks the fastest growing urban economies in the world. We write about our favourite cities on the Global Cities Blog. With Netflix having just committed to an office spanning 25 acres in Hollywood, we explain why we like LA. Sitting at number six in the Global Cities Index, we rate Los [...]
More tourists came to the UK in 2016 than ever before February 17, 2017 No, it's not your imagination – there were more tourists visiting the UK than ever before in 2016. Last year, a record-breaking 37.3m inbound visitors filled the streets of Britain, up three per cent from 2015 and even more than the predicted number of 36.7m, VisitBritain's latest figures show. The numbers point to strong growth from North America. [...]
London is a monument to the benefits of openness and internationalism February 6, 2017 "London is open”. This much-publicised campaign, launched by mayor of London Sadiq Khan and garlanded with column inches and broadcast coverage, is doing a great job of communicating the fact that the world’s greatest city wants nothing to do with the protectionism that seems to be appearing elsewhere in the world. We stand as a [...]
This architect has already designed a Mexican border wall for Donald Trump January 27, 2017 Now Donald Trump is all systems go on his border wall, here's one step he can skip: the design stage is already in the bag, thanks to Mexican architecture practice Estudio 3.14. In conjunction with the University of Connecticut, the firm has helpfully created a design for a giant wall between the US and Mexico, [...]
Paradise Beach: Enjoy rum, monkeys and tropical luxury on the twin islands of St Kitts and Nevis January 16, 2017 French settlers brought their pet monkeys to the Caribbean islands of St. Kitts and Nevis in the 17th century. Soon after they promptly escaped and began multiplying (the monkeys, not the French), wreaking simian havoc wherever they went. The marauding apes now outnumber humans and routinely devastate crops in dawn raids, munching their way through [...]
Chinese mega cities increase dominance in Schroders Global Cities 30 index December 15, 2016 Fund manager Hugo Machin explains the trends behind the latest moves in the Schroders Global Cities index Chinese cities had a strong showing in the first Schroders Global Cities 30 index, launched in the summer. In the first update to the index, that dominance has only increased. Four of the top five spots are now [...]