Colin Wilson, Head of UK & Ireland, Cushman & Wakefield, comments on today’s General Election result:
“A hung parliament is clearly not the outcome that business expected from this election. What we needed, only a year on from the EU Referendum, was a sustained period of political stability in the UK, especially for the important negotiations ahead. Instead, after weeks of domestic campaigning, in place of clarity we have further uncertainty. The result makes strategic planning for business harder and this could result in some decisions being delayed. However, if there is a lesson from our experiences over the last 12 months, it is that UK business, including the real estate industry, has become accustomed to uncertainty and managing through it – as evidenced by the many significant investment and occupier commitments since last June. Leadership, clarity and unity are the three things that business will be looking for now. ”