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Commercial real estate: Why London needs 15 new Walkie Talkies

8 0
12.02.2025

LONDON, ENGLAND – JUNE 27: (Editors note, image taken through wire fencing) A general view of office buildings in The City of London including the Walkie Talkie (20 Fenchurch St (Photo by Christopher Furlong/Getty Images)

Commercial real estate can be the growth lever the government is looking for, but as the industry gathers in London today, the global investment community has its eyes on the current shortfall of London offices, says Philip Hobley

As Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves cast around for the `growth lever’ there is one sector that can deliver billions of pounds of inward investment, enhance productivity for millions of people and create a feelgood factor for the whole of the UK: commercial real estate.

And in particular, the best London office, hotel, residential and student developments.

New developments across London – Broadgate, 8 and 22 Bishopsgate, 40 Leadenhall, Paddington Square, Soho Place, Battersea Power Station, and Kings Cross have brought a new international standing to our capital, helping to continue its dominance over the likes of Paris, Frankfurt and Dublin.

These developments have been funded or acquired by investors from France, Canada, Singapore, Hong Kong, Malaysia and Australia, stimulating construction,........

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