Sunday, January 6, 2013

Branson

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We have politicians across the UK and Europe preaching gloom and despondency and here we have a group of companies announcing the development of a vast Disney-like entertainment complex on a former cement works in Kent. Why would they do that? Only because they think it will be profitable; they are certainly not doing it to boost David Cameron or Boris Johnson’s egos. The site would appear to offer plenty of advantages, not least being near to the Eurostar station at Ebbsfleet.

This followed a key decision for the UK with a group funded by Palmer Capital taking over Pfizer’s vast technology park at Sandwich and renaming it Discovery Park. Ray Palmer of Palmer Capital is not in the habit of funding failures, so here again we have entrepreneurs making hard headed investment decisions.

That also applies to Peel and its plans for Chatham Waters as part of a national waterside group of developments stretching from Liverpool to Gloucester. Surely these are a reminder to politicians about the vital role played in the economy by the property industry, At the highly successful Kings Hill, the owner Liberty Property Trust has embarked on a consultation to obtain the views of local residents and companies about future growth at the business park. That will mean revisiting the original 1989 master plan, which has been modified over the years.

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