INDUSTRY NEWS

Suburbs offices mothballed

Plans for high-density office developments in Outer London have been shelved, due to lack of demand. Mayor Boris Johnson had created the Outer London Commission to address the needs of London’s suburbs. The intention was to build four ‘super hubs’, one in each quadrant of Greater London, namely Heathrow, Brent Cross/Cricklewood, Croydon and Stratford.

However, planning objections and lack of demand for the office space means that the commission has rejected the idea. The low demand stands at odds with the apparently increasing requirements in Central London, as evidenced by reports from the major property development companies active in the capital.

It seems that the high demand for office space London businesses are expressing as they move out of recession is focused mainly on the so-called Square Mile. Whilst Johnson’s proposals for economic growth will not see the light of day, the chair of the commission stated that it had been ‘a useful learning process.’

 

 

 

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