Commercial property boom in London set to continue
London’s commercial property boom is set to continue next year, after a slow-down in 2015, says Skanska Managing Director Paul Heather. He says the upturn is being caused by increased foreign investment, greater willingness of banks to lend and the desire of tenants to move into new premises or expand their businesses.
Heather believes that there will be an increase in the number of skyscrapers in the capital as a result of the upswing. He also says there will an increased focus on large-scale regeneration schemes, which will contribute to keeping the commercial property market buoyant.
Skanska is currently building a number of commercial properties in the City of London. These include The Monument Building, One New Street Square and Creechurch Place.
Paul Heather said: “There’s a strong evidence that a boom is taking place, supported by a wide range of research. I believe it is set to increase even further in 2016 and we are set to see even more development in the capital. I think it is positive news for the industry, and shows a significant recovery in the market since the recession.”
Property & Development Magazine
Property & Development Magazine is a market-leading group of media platforms, dedicated to the complete Residential Sector with a combined reach in excess of 50,000+ industry professionals. With the latest news, exemplar case studies, comment, interviews and feature articles from leading lights in the industry plus company spotlights and profiles, Property & Development aims to inform, inspire and spread best practice about all aspects of the residential sectors.
With a fresh and current approach, combined with the investments and inputs from our valued team, the magazine has attracted an engaged readership with subscribers including Management Level Executives and Key Decision Makers that is expanding week on week.
We offer a range of products and services across our platforms to best allow us to offer suitable marketing and exposure for all levels of companies and media partners. Please feel free to browse our Media Pack to see the options available or get in touch with a member of our team who will be more than happy to assist you.
