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British Real estate chief David Atkins predicts Brexit gain for Dublin

Published 11/07/2016

The CEO of Hammerson, predicts Dublin will be a “net winner” from the UK’s decision to vote in favour of Brexit
The CEO of Hammerson, predicts Dublin will be a “net winner” from the UK’s decision to vote in favour of Brexit

The CEO of Hammerson, the British real estate giant which last Friday secured ownership of south Dublin retail mecca, the Dundrum Town Centre, along with several other prime assets from developer Joe O'Reilly's Chartered Land, predicts Dublin will be a "net winner" from the UK's decision to vote in favour of Brexit.

"If one looks at the landscape around Europe, then I think the uncertainty that's been created in the UK and arguably the prospects of lower growth, we think will lead to benefits elsewhere around Europe, and I think that Dublin will be a net winner from what's happened," David Atkins says in an interview in the Sunday Independent.

"[For] companies looking to relocate out of London, then clearly an English-speaking city such as Dublin with very similar legal and financial set-up would be very attractive," he adds.

Apart from the Dundrum Town Centre, Hammerson and its partner, Allianz, now owns 50pc stakes in Dublin's Ilac Centre and the Pavilions Shopping Centre in Swords, and a development site extending from the former Carlton cinema on O'Connell Street to Moore Street.

Irish Independent

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