Private equity and real estate industries opposed to Brexit – survey
Augentius, a global private equity and real estate fund administrator, has conducted a survey which shows the extent of the opposition to Brexit within the private equity and real estate industry worldwide, with less than a month to go before the vote.
Over 200 private equity and real estate firms across Europe, the US and Asia have been interviewed. Three quarters of the companies surveyed answered they support the remain campaign.
Among the UK firms alone, the level of support for Britain staying in the EU reaches a similar figure (73%), far higher than among the wider UK electorate, with polls suggesting a tight race between the remain and the leave supporters.
The support for the remain campaign echoes stronger in Europe and in the US (respectively 85% and 81%) suggesting that the UK’s position within Europe is even more beneficial to the firms based in these regions than it is for UK firms.
Answers from Asian firms suggest a split in opinion even though 60% of the companies surveyed in that area said they would prefer the UK to stay in the EU.
Regarding the outcome of the Brexit referendum on businesses, the survey finds out that UK-based firms express more concerns than their worldwide peers, with nearly 70% stating it will be ‘very important’ or ‘important’.
Companies in Europe, the US and Asia are more divided in their answers, likely reflecting the extent to which they do business with the UK.
Over half of the European firms surveyed said the outcome of the referendum on businesses will be ‘important’ or ‘very important’ while 47% of US firms and 40% of Asian companies answered it will.