A Henry Stewart Briefing

Property in London

• What • Where • When

 

Chair:
David Taylor, Head of Real Estate, DLA Piper Rudnick Gray Cary

Speakers:
David Bailey, Director, TRI Hospitality Consulting • Kevin Farrow, Director, DTZ
Richard Holberton, Head of Central London and South East Research, CB Richard Ellis
Rory Joyce, Partner, Head of Planning and Development, Drivers Jonas
Bob Thompson, Managing Director, RETRI Group

 

Programme

OFFICES: WEST END, CITY AND CITY FRINGE
• Current market trends and prospects
- London's status as a financial and investment centre
- drivers of performance
- cyclical differences across Central London markets
- future influences on demand
- locational choices and their impact on the fringes
• The next development cycle - how big and where?
• The role of new strategic development areas
• The contribution of transport infrastructure changes to reshaping London's office market

 

RETAIL: LARGE CENTRES, THE WEST END, MAJOR LOCAL CENTRES
• London economic outlook - household expenditure; GDP; inflation predictions
• UK consumer confidence - London Visitor Index; Footfall Index
• Doing business in London; Winners/Losers; The battle of Baker Street; Phillip Green’s Midas touch
• Retail trends; Shoppertainment; Metrosexual; Brand Presence

 

HOTELS: FROM FIVE STAR TO TWO
• Performance and characteristics, where the different standard hotels tend to be located, recent trends, capacity and new development
• Olympics
- implications for London’s hotels, ramifications in the wider region, impact on follow-on visitation
• Cross Rail
- implications, such as new markets this could open up
• Airport Development
- characteristics of airport hotel markets, Heathrow vs. central London, T5 impact
• Thames Gateway
- implications, suitability for hotel development
• London’s Policy on Cars
- consideration of the issues, adverse or positive impact?

 

INDUSTRIAL AND DISTRIBUTION: WHAT, WHERE
• Market context. Looking at the state of the market inside and around the M25 covering availability, demand, future supply and price
• Infrastructure change. Growth of freight at Heathrow; referred growth at other London airports; M25 widening; increased use of rail; Motorways of the sea?
• Megatrends. Legislative and policy change; environmental pressure; globalisation of supply chains; increased use of technology
• Development pressure. Alternative uses; planning constraints; availability of land
• Product change. From Shed to flexible business space; from industrial estate to actively-managed asset
• Impact: on rent; on value; on stock

 

PLANNING POLICIES: WHAT REALLY WILL BE PERMITTED/WILL HAPPEN
• Tall buildings
• Higher density developments
• Transport development areas
• London Plan - opportunity areas
• Affordable housing requirements
• Mixed use
• Consequences of major events:
- Olympic construction and legacy - building up to 2012 and then what? What is the future for buildings specially built for the Olympics?
- Rail - Crossrail, East London, Thameslink 2000
- Air - Heathrow, Stansted
- Thames Gateway - London moving east
- Congestion Charging - Increasing fee/extending area