Friday, September 26, 2014

Branson on Northern Home Counties September 2014 Issue 31

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The fact that increased activity stretches from Watford to Essex and north to Milton Keynes shows just how far the market has improved in the region.

Some of these developments are of considerable importance to the areas they are located in as well as the economy of London. For example, LaSalle renewing an industrial estate in Edmonton is good for the area and shows confidence in the overall economy.

The continued growth at Park Royal follows the same route and underlines the special attractions of that vast estate. To the east, the continued expansion of London Gateway points to it having a substantial national role. That will be complemented by the creation of a new business park catering for Asian companies in the Royal Albert Dock.

The ambition is to make that area of east London the city’s third financial district (although Croydon will surely argue that they already have that title).

As important as the improvement in these areas close to London is, the gratifying change is the strength of demand in the towns throughout the region.

Cambridge remains one of the most buoyant cities in the UK while Milton Keynes has returned to its normal healthy life. What emerges is a broadly based recovery from the vagaries of the recent recession.

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