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London - hot or not?
7 October 2010
London - hot or not? … it's pretty warm and getting hotter! At least that was the conclusion reached by the speakers at Nabarro's real estate conference on 30 September 2010. Click here to view a podcast of the edited highlights of the conference or click here to view photos from the day.
Themes addressed were the politics around planning and development including the issue of localism as Martin Evans, Nabarro explained:
"We have the most labyrinthine planning system in the world… the localism mantra that has been adopted by the Coalition is going to be played out in particular in the planning field and the idea is to devolve power away from central government and push it down to local authorities and local people…"
On the subject of sustainability, Esme Lowe, Climate Change Capital said:
"Low carbon is a game-changing secular trend. Get off the travellator if you want, but you will get on later and it will cost you more and your investment returns will be negatively impacted."
Whilst, on the subject of the legacy for the Olympic park, Duncan Innes, Olympic Park Legacy company said:
"It's really about creating value. For us value isn't just financial, it is around jobs for local people, it's around health benefits, improvements in sport participation, improvements in educational attainment."
Other development themes including tall buildings, affordable housing and managing mixed-use schemes were addressed.
When registering for the conference, delegates were asked to give their views on development and investment into London with some interesting results. Click here to read the highlights.
So what about the future?
43.5% of respondents to the conference survey think that London will get back to 2006/7 levels in 2015. Our speakers held similar views:
"We are talking about a good two years of complete disarray and I do think we need to deconstruct old thinking to reconstruct the new ways forward." Jackie Sadek, CB Richard Ellis
"2014/2015 clearly there is going to be a big imbalance in supply and demand, a lot of demand and not much supply but the problem is that you can't wait until then to start" David Partridge, Argent
The conference was sold out to 180 high level property professionals including representatives from Land Securities, Argent, Quintain, Credit Suisse, Grosvenor, Aviva, UNITE, Aberdeen Asset Management, Barclays and Deutsche Postbank.
Speakers
Thank you to all of our speakers who provided a fascinating view on development and regeneration in London. Click here for biographies of our speakers.
- Andrew Marr, Political Journalist and Commentator and host of BBC One's The Andrew Marr show
- Jackie Sadek, Head of Regeneration, CB Richard Ellis
- Ingeborg Warschke, Head of Real Estate Finance, Heleba
- Martin Evans, Partner, Nabarro
- Colette O'Shea, Development Director, Land Securities
- Nick Shattock, Deputy Chief Executive, Quintain Estates and Development
- Esme Lowe, Partner, Climate Change Capital
- David Partridge, Joint Chief Executive, Argent Group
- Duncan Innes, Executive Director of Real Estate, Olympic Park Legacy Company
Nabarro - London hot spots
Despite the recent cooling of the market, Nabarro has worked on some of the hottest deals across London, from investments and lettings to regeneration and development. Click here to see the most recent Nabarro real estate London deals or click here to view Nabarro's recent joint venture and development projects in London.
The Legal 500 2010 ranks us as one of the best commercial real estate firms in the UK in tier one of its directory and describes us as 'well resourced', 'highly responsive' and 'superior to most firms'.
