London is one of the world’s great cities, its diverse population, cluster of cultural and education institutions and pioneering businesses continue to attract over a tube train full of new residents every week.
London’s continued success creates both new opportunities and key challenges in accommodating a growing population and economy. At GVA we have a longstanding commitment to, and focus on, London and are engaged at the forefront of policy development and strategy across the capital, helping to set the agenda for economic growth and property development to address these issues.
Our Evolving London series brings together key industry leaders to discuss the major issues and our continued engagement in Thought Leadership through our own research and relationship with Centre for London, Future of London and Centre for Cities provides a unique into the potential approach to realising London’s growth.
In the next decade London will need at least 325,000 new homes. We understand the drivers, complexities and opportunities of London’s housing markets, the potential of Estate Renewal to enhance neighbourhoods, the role of new housing types in accelerating delivery and mechanisms that can facilitate the required uplift in delivery rates.
Estate regeneration in London can potentially deliver thousands of new homes, helping to ease the capital’s housing crisis. Involved in key sites across London, we recognise that London’s future as a leading global city rests upon making the most of its assets, investing in infrastructure and regenerating neighbourhoods. GVA Chief Executive, Gerry Hughes, discusses the importance of urban planning and public-private partnerships in New London Quarterly magazine.
The market dynamics influencing the central London office market are more complex than ever before due to a range of political, infrastructural, fiscal and regulatory factors. Our innovative research report illustrates how central London’s occupier demand is being driven by more factors than at any stage in recent history.
With availability still low across central London and relatively little supply in the pipeline, there continues to be an upward pressure on rental levels across the capital’s most sought after buildings. The rating revaluation in April 2017 could see significant increases in rates with Shoreditch the worst affected, seeing an increase by up to 90%.
Facilitating growth will require significant new development, placing greater pressure on London’s land and requiring more creative thinking about how land is used. Coordination of the public sector estate to realise latent potential is critical, alongside the appropriate delivery approaches to ensure development occurs.
London’s economy has grown by 16% since 2008, broadening the economic base and embracing the knowledge economy. New economic hubs are forming that integrate new innovation districts into the urban fabric. New forms of workspace are also needed to meet changing business requirements. Both provide new economic opportunities for inner and outer London.
London’s status as one of the world’s leading cities is only ever threatened in the current era by lack of investment. This event asked speakers what they have seen change. Are the financial system and tools needed to make the policies work in place? Can London’s governance deliver the investment required? Does London need a new deal?