Sunday, November 23, 2014

Branson on London - November 2014

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And so the London story goes on as changes ripple through different parts of the metropolis. It is hard to believe that there is a cohesive plan and concept of what we are going to end with.

There is Midtown setting the pace in central London now it has become a desirable address. Even more surprising, perhaps, is that the pace of change in Shoreditch and Tech City is not slackening and, indeed, may be increasing.

The big boys are moving in, such as Amazon taking a huge amount of space.

In South Bank shortages are looming and the development goes on with more big buildings around the Shard and throughout Southwark. All this does not mean that companies are not taking space and developers building in the City, such as DLA Piper taking a big chunk of space and Ecclesiastical moving to a new HQ.

Indeed the City appears more attractive as rents rise in other parts of London, particularly in the West End thus spurring relocation. After all, companies appear to care less now about exactly where they are located as long as the building is good and the transport up to scratch.

In this liquid and fast changing scene, foreign investment money pours in and foreigners now owns more than the UK institutions. That is what a free market is about and the British do not appear to care who owns their real estate.

At the moment the improvements in transport through Crossrail and Thameslink may be keeping pace with the growth but one wonders how long this will last if London continues to expand as a City State.

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