Industrial developments over 10,000 sq ft are taking on average more than five months longer to secure planning approval this year than they did five years ago, analysis by Avison Young (AY) shows.
Too much value and capital are being “amassed” in the data centre sector, according to Andrew Coombs, chief executive of FTSE 250-listed business parks owner and operator Sirius Real Estate.
While many investment managers have been cautious about entering the later-living market – largely put off by the cost and complexity that come with delivering accommodation for older people – Octopus Capital has jumped into the sector with both feet.
Darting through a mix of sport arenas and new cultural venues in central Stratford, Guy Thomas is confident that the east London district has what it takes to become a major office hub.
With average house prices in Westminster near £1m, it almost goes without saying that delivering affordable homes presents something of a challenge for the city council.
Take-up of big-box industrial and logistics space is on course to exceed 30m sq ft this year for the first time since 2022, according to research from Savills.