Property – The Perfect Royal Christening Gift
Colliers International suggests commercial property investment fit for a Princess
Once again the nation is gripped by ‘Royal Baby Fever’ as we approach Princess Charlotte’s Christening on 5 July 2015. Only two years ago to mark the birth of Prince George, Colliers International recommended that William and Kate invest in West End property on behalf of their new son to mark his birth. Since then capital values have increased by 33 per cent, rents have risen by 16 per cent, which means Prince George would have already seen a total return on investment of 41 per cent as of the end of March 2015.
But what do we do about the new princess? Should William and Kate be minded to invest on behalf of their new daughter on the occasion of her christening?
Walter Boettcher, Chief Economist at Colliers International suggests: “While West End property still offers interesting long-term prospects, maybe the Prince and Princess should look further afield so as to diversify their children’s holdings. It might be tempting to create a new iconic namesake in the City . . . perhaps something more poetic than ‘the Cheesegrater’ or ‘the Walkie Talkie’. Why not ‘The Dolls House,’ ‘The Crayon,’ or ‘The Rattle’? While this might present challenges for London’s architects, such a plan might also be met with protests that such an icon is perhaps too demeaning for a Princess.
“Nevertheless, with generational change in mind, any property investment which helps lay the foundation for long-term economic growth in a country that is very short on high quality expansion space, seems to be an investment fit for a royal, especially one who will be around long enough to see all the benefits.”