London Property Alliance (CPA & WPA)

“Step forward into growth or step back into safety.” This was the resounding message guests at the #CPAAnnualDinner heard from keynote speaker, Chris Hayward (City of London Corporation). In his speech Chris brought to life the renaissance unfolding in the City - the last twelve months to March of this year saw the highest level of office construction starts in any year since 2016, and in the next four months, five towers will be brought to the Planning and Transportation Committee. Highlighting the #CityPlan2040’s aim to deliver 1.2m sqm of additional office floorspace to house an additional 66,000 jobs is well and truly underway. #CPA Chair Ross Sayers (Landsec) celebrated the strides being made across the #SquareMile to create a #DestinationCity, showcasing the amazing work our members are doing to make the area a seven-day a week hub. Formal proceedings were brought to a close by CPA Vice Chair and Treasurer, Karen Cook (SPICE DESIGN) who thanked members for their ongoing support and Snook Events for organising such a fantastic event. You can read our #GoodGrowthinCentralLondon report here 👉 https://lnkd.in/dYVmtH2p

In our response to the MHCLG consultation on updates to the #NPPF and other changes to the planning system, #LPA has called for offices to be given the same status as data centres and gigafactories. Offices provide a home for our knowledge sector workers and encourage collaboration and innovation. They are essential if we are to drive #economicgrowth and #socialprosperity. In our response we also: 👍Support the use of a localised framework for setting planning application fees, so that the fees paid are truly responsive to the wide variety of contexts found across the country. ♻Strongly support the principle of directing development toward previously developed brownfield land as the most sustainable way of accommodating new homes and infrastructure. 📉Highlight that emerging local policies that restrict the delivery of sustainable development in line with the NPPF, may stymie future investment and the use of brownfield land in our towns and cities. 🏘Support the creation of a standardised approach as a basis for assessing housing need but in the capital, this should continue to sit alongside the London Plan’s role in establishing how that need can be accommodated. You can read the full response here👉 https://lnkd.in/ecSExFC9 Read in Property Week here👉 https://lnkd.in/eXpv3ihw

WPA members Grosvenor and The Crown Estate have launched their ‘Inclusive Spaces and Places’ report, calling for the industry to unite in promoting a collaborative approach to inclusive design. Their research provides welcome recommendations and tools to support the industry in making places and buildings more inclusive and accessible for everyone. Read the full report below👇

It’s been nearly a year since the launch of our partnership with Young Westminster Foundation which saw the #WPA commit £255,000 to help fund the Mastering My Future employability scheme over three years. A year in, we are delighted to be celebrating the #power of #partnerships at an evening reception at Westminster City Council’s City Hall, hosted by the Lord Mayor of Westminster, Robert Rigby. WPA Vice Chair James Raynor (Grosvenor), will set out how the programme is helping to transform lives in Westminster, alongside CEO Helen Mann (YWF) and CEO and co-founder of 2-3 Degrees Carl Konadu BEM. 📅 : Tuesday 22 October 🕓 : 6:00pm – 8:00pm 📍 : Westminster City Hall #WPA members can register here 👇 https://lnkd.in/e7N-aqQi

As a headline partner #LPA was proud to close another fantastic London Real Estate Forum at the #historic Guildhall in the city of London. At the closing reception #CPA Chair Ross Sayers (Landsec) emphasised how we need to #reimagine our #offices to earn the commute of the worker. Creating inspiring, amenity-rich and modern workplaces that can benefit both businesses and workers. Ross continued: By working together #London boroughs can ensure London retains its global city status and remains competitive against rival international cities such as #hongkong. Thank you to team NLA for organising another memorable celebration of #realestate in London.

Our tenth #GlobalCitiesSurvey shows an Olympic ‘bounce’ has seen Paris push ahead of London across several key economic indicators. BUT strong fundamentals and business confidence have seen London edge ahead on foreign direct investment, while the capital's central #office submarkets have recorded a robust performance. It noted London is expected to witness a 5.3 million sq ft shortfall in new, modern office space, with vacancy rates in the West End at its lowest level since 2020, increasing upward price momentum.  The Survey, undertaken by Centre for London with data from Oxford Economics, compares and tracks the economies of five major international cities #London #NewYork, #Paris, #Berlin, #HongKong. Charles Begley, Chief Executive, London Property Alliance added: “Business confidence is good in both cities, as evidenced by rising office rents and low vacancy rates, and London remains ahead on foreign direct investment… We must continue to invest in world-class infrastructure and workspace, or risk being left behind by competing global cities.” You can download the survey and view the interactive graphs here: https://bit.ly/3XFn762

This year’s guest speaker for the #CPA Annual Dinner will be political leader and Policy Chairman of the City of London Corporation, Chris Hayward. Chris will be speaking about the City of London Corporation’s ambitious plans for the future, including its #DestinationCity vision and the important role of the #SquareMile in London's global success.  There are limited tickets remaining. Members are advised to book quickly to avoid missing out on a unique evening of entertainment and a chance to celebrate the City's built environment with over 400 industry peers. 📆 Thursday 10 October ⏱ 7.00pm – late 📍 Pan Pacific Hotel, 80 Houndsditch, EC3A 7AB Find out more and purchase tickets here - https://lnkd.in/eidGJTvH

Fantastic views this morning of the #CityofLondon from Nuveen, a TIAA company’s 7 Devonshire Square at our seminar contrasting the economies and commercial development markets of Europe’s two megacities #Paris and #London. Some of our take-aways included: #Pedestrianisation and public realm: Following the recent news of revitalised plans to pedestrianise #OxfordStreet, panellists spoke about the quayside at the Parc Rives de Seine and how this has led to improved visitor experiences, with more F&B and leisure driving an increase in footfall in the area.  #Bestinclass office space: There is greater demand for Grade A office space in London than Paris because offices need to ‘earn the commute’ of its workers due to longer commutes. On average, journey times are 20-35 minutes in Paris and 45 mins to one hour in London.   #Formidable city pair: As the dust settles on Brexit, there is greater potential for London and Paris to work together, maximising on their proximity to harness competitiveness and drive #economicgrowth for both #cities.  Thank you to our panellists and Nuveen, a TIAA company for hosting.   

Ministry of Housing, Communities and Local Government is seeking to understand whether national planning policy and guidance regarding the #demolition and #redevelopment or #retrofit of buildings should be updated in the future. MHCLG is asking the real estate industry to complete a quick survey to gain understanding of what types of policy intervention could be needed.  ⏱ It will only take around 10-15 minutes to complete.  📆 Please complete the survey before 31 October 2024.    Complete the survey here > https://lnkd.in/e33iT4Hy Read our latest research on #RetrofitFirstNotRetrofitOnly, in partnership with Savills, here > https://lnkd.in/ddbcDcPh