Construction Advisory in Real Estate
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Intelligent Buildings and the Internet of Things (IoT) in real estate are much talked-about, and for good reason. Analyst predictions suggest that there will be over 10 billion connected devices deployed in real estate by 2020.
John Adams, partner at Deloitte Real Estate, discusses the growing challenge to support housing delivery across the UK amid an evolving housing market.
At MIPIM we hosted events with Cities ranging from Belfast to Berlin, from Manchester to Stockholm and Barcelona.
A key talking point at this year’s MIPIM event has been the increasing prevalence of technology in the property sector, and more importantly, how we now have an opportunity and a responsibility to utilise technology to plan for the cities of the future.
“From the outset, the team developed a fresh and innovative approach which sought to avoid a ‘one size fits all approach’. We wanted to create a Residential Quality Guidance which is engaging to all, grounded in the distinctive sense of the place that is Manchester, and which addresses quality at all stages of a development’s lifecycle. This was made successful through collaborative working, a forward thinking client and a high calibre steering group. The guidance is flexible and adapts to align with ongoing strategic objectives around the delivery of high quality homes, streets and neighbourhoods needed to support Manchester’s future sustainable growth.”
- John Copper, Partner, Deloitte Real Estate
A refreshed and streamlined toolkit for practitioners working with heritage assets
On the 16 May 2017, the Deloitte Real Estate Planning team hosted the launch of the newly revised Heritage Works. Heritage Works is a document which we have researched and written on behalf of Historic England, the Royal Institution of Chartered Surveyors (RICS) and the British Property Federation (BPF).
What is the Farmer Review?
At the end of 2015 the Government asked the Construction Leadership Council to identify actions to reduce the industry’s vulnerability to skills shortages. The review was carried out by Mark Farmer of Cast Consultancy, which resulted in the publication of the Farmer Review in October 2016. The report focuses in particular on housing although it suggests that the skills shortage can be found throughout the entire construction industry. Farmer believes the industry does not make enough money, which leads to underinvestment in training, development and innovation.
Understanding the Manchester Residential Design Quality Guide
Deloitte Real Estate’s Manchester Planning team has played an integral part in the preparation of the draft Manchester Residential Design Quality Guide and will continue to advise Manchester City Council as the document is developed up to its publication in early 2017.
Broadening the Composition of London’s housing supply
I attended the excellent London Planning & Politics conference recently and joined a panel debating the key policy interventions to tackle London's housing crisis. My theme was the need to broaden the composition of housing supply in order to achieve the 50,000 per annum new homes that London needs.
Deloitte’s latest CFO survey shows that business confidence has fallen to banking crisis levels in the aftermath of the Brexit vote, but the impact on property markets has not been as drastic. Our current prediction is one in which property and construction activity slow, but not to the extent of the crash witnessed during the global financial crisis. Whilst we are aware of only a handful of major projects being stopped or stalled post-Brexit, it would appear to us that the economic indicators and actions taken by some firms to date show that it is inevitable that the decision to proceed or not on many projects will now be affected by reduced appetitive for capex and heightened risk affecting investors, occupiers and developers. An article in the Financial Times recently suggested a third of commercial deals could be in doubt, which is significant and supports our view.
The latest edition of our UK Property Handbook has just been sent out, containing the usual wealth of easy-to-digest detail on the domestic market. Here’s a quick look at a few of the top-level themes…