Capital costs and commercial development
WATCH In this film, EG takes a look at London’s changing skyline and what impact the high inflationary environment is having on it.
The volume of starts on new-build construction in London fell to its lowest level since 2015 this year.
Developers pressed pause on projects as they grappled with rising inflation and a continuing squeeze on both product and people. Building will start again, but at what cost? How will developers navigate the rising cost of construction materials and services and will occupiers be willing (and able) to soften the blow to bottom lines by paying high rents?
WATCH In this film, EG takes a look at London’s changing skyline and what impact the high inflationary environment is having on it.
The volume of starts on new-build construction in London fell to its lowest level since 2015 this year.
Developers pressed pause on projects as they grappled with rising inflation and a continuing squeeze on both product and people. Building will start again, but at what cost? How will developers navigate the rising cost of construction materials and services and will occupiers be willing (and able) to soften the blow to bottom lines by paying high rents?
Watch to find out how London is responding with expert insight from:
James Goldsmith, director, strategic investment advisory, Savills
Luka Vukotic, development director, Art-Invest Real Estate UK
Choisanne Man, real estate partner, Shoosmiths
Alex Elach, UK development director, Whitbread
To send feedback, e-mail newsdesk@eg.co.uk or tweet @EGPropertyNews
Image © Ismail Merad/Unsplash
