In Short:
– London aims for one million square metres of new office space by 2040 to enhance commercial vibrancy and housing affordability.
– Investor confidence is rising, with low vacancy rates and a need for retrofitting older buildings to attract businesses.

London is undergoing a significant transformation, with a demand for one million square metres of office space by 2040.

Tom Sleigh, Chairman of the Planning and Transportation Committee for the City of London Corporation, discusses the current climate for investors and developers. He notes a resurgence in investor confidence in London despite global economic headwinds. Recently, the Square Mile welcomed 11 million visitors in June, reaching pre-pandemic levels much sooner than expected.

London is compared favourably in terms of costs to cities like New York and Hong Kong, making it appealing for businesses. The local planning strategy involves identifying suitable areas for new development, with a focus on retrofitting older buildings to improve their quality and usability.

In Short:
– London is transforming with mixed-use precincts and innovative investments, as discussed by Gareth Hardy of Third Eye Group.
– Third.i Group focuses on diverse housing solutions and navigates challenges like Brexit and COVID-19, leveraging experiences from the UK and Australia.

London is experiencing a significant transformation marked by mixed-use precincts, decarbonisation, and innovative investment models. Gareth Hardy, director and co-founder of Third.i Group, recently discussed the company’s influence on these developments in both the UK and Australia.

Hardy highlighted Third.i Group’s commitment to creating diverse housing solutions, such as affordable accommodation for key workers, as it navigates challenges like Brexit and COVID-19. He pointed out that while affordable housing in the UK may be ahead of Australia, the latter excels in adult social care.

Hardy expressed optimism about future developments, particularly in the realm of adult social care and housing regulations, positioning Third.i Group as a potential leader in these key areas.

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In Short:
– Cities are adopting improvement districts to enhance urban living and attract investment through collaboration.
– Tyrrell emphasised London’s success with improvement districts and highlighted potential benefits for Australian cities in this model.

Cities worldwide are increasingly adopting improvement districts as a strategy to enhance urban living and stimulate investment. These districts involve collaboration between business owners and local authorities, aimed at collectively improving areas by focusing on sustainability, community engagement, and infrastructure development.

Opportunity London CEO Jace Tyrrell recently discussed the significance of improvement districts during an event. He highlighted London’s success in employing this model, fostering both investment and community transformation.

Tyrrell noted that Australia represents a crucial market for London, contributing approximately 10% of capital investment. He outlined opportunities for collaboration, specifically emphasising the strong historical economic ties between the two nations.