Regardless of Brexit, London Will Remain At the Center of Tech, Real Estate World, Says LabTech CEO

Regardless of Brexit, London will remain at the center of the tech and real estate world, according to Yaron Shahar, CEO of London-based LabTech Investments Ltd. Shahar spoke Thursday at Calcalist’s third Mind the Tech conference in London.

LabTech was founded in 2018 to manage the real estate investments of the Teddy Sagi Group. LabTech’s portfolio, valued at over GBP 3 billion (approximately $3.7 billion), includes London’s Camden Market and dozens of commercial buildings in the city. LabTech also operates shared-office venture Labs.

“Brexit is a very hot topic, and the uncertainty is creating turmoil for the business community including the Tech industry,” Shahar said. “The impact on the technology and innovation sector largely depends on what model the U.K. adopts for its relationship with the European Union. We have confidence, come what may, that London will still remain at the heart of the tech revolution.“

London is already a well-established financial hub that offers great opportunities for innovative tech, and serves as a great starting point for startups and businesses, he said, adding that “the London Tech hub is on track to become home to the same number of fintech unicorns as San Francisco, currently the world leader in this area.”