London Markets in Real Estate
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There has been no let-up in the wave of foreign capital steadily flowing into the UK property sector this year but one sector in particular seems to be standing out from the crowd. Although central London offices continue to dominate activity in the investment market, the volume of student housing transactions is also making headlines. Has the sector finally been accepted as a mainstream investment?
Deloitte’s latest Consumer Review analyses the mass-personalisation of consumer goods – a fast-growing trend that has significant implications for the real estate within retailers’ supply chains.
Earlier in the year we released the third report in our London Business Footprint series in which we looked at the growth of the serviced office sector within London. Since then it feels like we are seeing weekly announcements of serviced office operators and co-working space specialists taking more office space, and not just in second-hand buildings. This is an occupier type that is now targeting new developments.
I recently sat down to read Richard Horton’s (Deloitte, Head of Finance Research) latest piece of research, entitled ‘The robots are coming’. I was immediately disappointed to learn that robots are not the walking, talking auto-bots we know and love from 1980s sci-fi films, but rather invisible bits of software. Having recovered from that news, I soon realised that Richard’s report on the growing automation of boring back-office chores actually has some pretty significant implications for the way firms might use office space.
The intense marketing and sale of 30 St Mary Axe, EC3 , commonly known as ’The Gherkin’ is now firmly fixed in last year. Whilst we look forward into 2015 and fully engage ourselves in new instructions, it is worth taking stock of a journey that resulted in the sale of one of London’s most iconic building for a record price.
The Further Alterations to the 2011 London Plan (FALP) were formally adopted on 10 March 2015. Although a majority of the key changes focus on meeting London’s housing needs, there are some important amendments to economic related policies.
Automation will change the character of London businesses | How will Financial Services adapt to the new environment?
Since the Industrial Revolution, technological advances have transformed business and commerce, and changed the character of jobs that people do. With the rapid progress of digitisation, a further period of major transformation is under way. London, its Financial Services industry included, will inevitably feel the change and will need to respond.
On 10 March 2015, the Mayor adopted the Further Alterations to the London Plan (FALP), which now forms part of the development plan for Greater London. A key element of the new plan is how the increasing demands for housing in London will be addressed throughout the plan period.
My first time at MIPIM has gone very well and it’s gone very quickly, helped by a busy diary of meetings, coffees, seminars and events. The DRE team have had great presence here from the London Stand but also from the various events we have hosted.
In increasing London’s minimum annual housing targets from 32,200 to 42,000 additional homes per annum, the Mayor is placing an even greater reliance on Opportunity Areas and Intensification Areas to deliver the new homes and jobs. This is evidenced by significant increases in the ambitions for some of the capital’s largest Opportunity Areas.