Commerz Real has money to burn but not in the UK or on retail

Global head of transactions real estate markets Henning Koch has billions to spend on property but Brexit, high property prices and the calamitous retail sector is making it difficult.

Commerz Real has around €2bn-€3bn it wants to invest over the next couple of months, but the chaos around Brexit means the cash is unlikely to be directed towards Britain’s shores.

Koch admits that you get better for your money in the UK right now, compared with other markets and that the UK would have been an important market had circumstances been different.

But, it’s not just