Wednesday, June 27, 2012

Branson: London Office Property Market - June 2012

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What a complex market central London has become as the sheer variety of locations tests an exact analysis of the state of play. While the City is quiet, the West End, South Bank, Midtown and Docklands are active. Burt that is to some extent misleading, because developers are stirring themselves in the City and there is a steady flow of investment deals. In Docklands, there has been a spate of high profile deals by big players such as Deutsche Bank taking space and, as in the Square Mile, a flow of investments. What makes London so strong is the emergence and expansion of new areas. Now it is South Bank led by the iconic Shard, soon to be joined by further major buildings at London Bridge. Transport played a key role in the changes in South Bank through the Jubilee line. Now we have the prospect of another major transport link with the east-west Crossrail which is already exercising minds about the potential for new developments. Transport is also the key to the transformation of King’s Cross, where capacity has been doubled. Not to be forgotten is that this is the year of the Olympics and the Queen’s Jubilee celebrations and with them the further long term impact on the situation of London as a world city.

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