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Starchitects line up to campaign against Brexit

Starchitects backing the campaign against Brexit
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Richard Rogers, David Adjaye and David Chipperfield have backed a creative industries drive advocating a ‘remain’ vote in next month’s referendum on the UK’s continued membership of the European Union

The starchitects were joined by Stanton Williams director Paul Williams, whose Stirling Prize-winning practice yesterday announced 13 redundancies in the wake of uncertainty connected with ’external factors such as Brexit and worsening market conditions”.

Other signiatories included Amanda Levete, Louisa Hutton of Berlin-based Sauerbruch Hutton, Thomas Heatherwick, Ron Arad, Anish Kapoor and Eyal Weizman, architect and professor of spatial and visual cultures at Goldsmiths, University of London.

The 300-strong list of names, which also features A-list actors and musicians, was published to endorse the Creative Industries Federation’s referendum stance, supported by a survey that found 96 per cent of respondents in favour of continued EU membership.

Federation chairman John Sorrell said the UK creative industries were key to the way the nation was are seen by the world and delivered  £84.1billion to the economy. 

‘Our position as a vital European creative hub is a huge part of this success - we benefit from a vast network of talented people, companies and institutions across Europe’, he said.

EU flags

EU flags

Separately, a survey conducted by law firm Nabarro found 63 per cent of UK and global players in the property market were be ‘pessimistic’ for the sector’s short-term future in the wake of a vote to leave the EU on June 23.

Nabarro said its survey covered 302 investors, developers and advisers with a combined asset portfolio of more than £350billion.

As a sub-category, developers were less pessimistic about the prospect of a Brexit than investors, with 51% expressing negative sentiments.  

Nabarro senior partner Ciaran Carvalho said the real-estate sector was already acting to insure itself against the prospect of a vote to leave the European Union.

’We have seen a marked increase in the number of contracts which include clauses to protect the position of buyers investing in UK real estate ahead of the European Union referendum,’ he said.

’Brexit is a leap into the unknown: Brexit clauses are a pragmatic, legal response to that uncertainty.

‘Some have suggested the real estate market is pausing ahead of the vote, but we are seeing plenty of deal activity. While some investors are holding back, there are many who see a slight softening in the market and less competition as an opportunity to buy.’

Carvalho added that one reason developers were slightly less pessimistic than investors or agents was that high-value new-build projects were long-term propositions, less likely to be sensitive to short-term shocks.

‘Nevertheless, like most sections of the UK real estate market, developers value stability and certainty highly,’ he said.

‘That stability comes with a vote to remain.’

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