Canadian investor questions friendliness of UK economy to investors

A Canadian pension fund which could potentially make a substantial investment in the UK’s residential private rented sector has indicated it is hesitating, because of uncertainty around regulation and government behaviour.

Leo de Bever, chief executive of the Alberta Investment Management Company, has already invested £550 million in European property, including a £200 million purchase of the old BBC Television Centre in west London. But he is worried about government moves that seem “more geared towards satisfying voters than getting things done from a building point of view”.

de Bever noted the contrast between trade missions visiting his Canadian colleagues, insisting Britain was open for business, “but the people who set the rules seem to be on a different planet from them.” In an interview with Property Week magazine, he indicated this uncertainty would mean holding off from investment in large scale housing projects in the UK.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>