Analysis

Video: London’s commercial property boom set to continue

Paul Heather, Skanska managing director
www.skanska.co.uk/cityinsights

The 2015 property slowdown will quickly be replaced with rush for skyscrapers and renewed focus on large scale regeneration projects, says Skanska managing director Paul Heather.

Increased foreign investment, a greater willingness of banks to lend and the desire of tenants to move into new premises or expand their businesses will, says Skanska managing director Paul Heather, return the capital’s property market to a boom.

“There’s a strong evidence that a boom is taking place, supported by a wide range of research,” Paul Heather, Skanska

Watch the video here 

In a short video analysis of the commercial property market, Heather predicts an increase in the number of skyscrapers in the capital which, combined with  more large scale regeneration, will keep the commercial property market buoyant.

“There’s a strong evidence that a boom is taking place, supported by a wide range of research,” he says. “I believe it is set to increase even further in 2016 and we are set to see even more development in the capital. I think it is positive news for the industry, and shows a significant recovery in the market since the recession.”

Skanska is currently building a number of commercial properties in the City of London. These include The Monument Building, One New Street Square and Creechurch Place.