The Harris Foundation for Lifelong Learning commissioned research into the way that the deadly Covid-19 disease has changed the way millions of office workers do their jobs and live their lives and the impact on the property market in the Uk and Europe.
The article looked at the extent to which firms are looking to cut their real estate footprint, and investment institutions forecast that demand for office space might fall up to 35% exacerbated by rising insolvencies.
It found that the knock-on effects from a crisis in the property-related debt market could prove disastrous – unless the government takes action. It concluded that there has been insufficient discussion of the financial help that will be needed if a health crisis turns into a financial catastrophe for owners, investors, and lenders. Now is the time to start planning for that.
The article is here.
We have contributed columns to the innovative opinion-only website Disclaimer for the past three years. The website, which is free to read and contains articles by experts contributing pro bono, focuses on economics, politics and the arts as well as wider issues relating to London. It is non-partisan but tends to favour liberal views on these topics.
Our latest column looks at the planned exit from their prestigious London headquarters by companies such as BT and Rolls-Royce and asks whether these moves are the “canary in thecoal mine” about the deleterious impact that high property prices arehaving on the capital’s economy. YoYouan read that article here.
Grosvenor, the property company, has produced an incisive report into the impact demographic shift towards older populations will have a profound on society and the social fabric of cities. The report, Silver Cities, looks at how cities will need to adapt and develop a number of short and longer-term strategies to ensure they respond adequately to both the challenges and opportunities that an ageing population present.
We assisted with the writing of coure case studies in cities around the world that showed how different cultutres and policy practices might influence how the relevant authorities could mitifate and adpt to those changes. The four cities were: London; Vancouver; Hong Kong; and Madrid. The case studies and full report are here