LATEST NEWS

We regularly post informative news that has interesting case studies or relevant stories.

Construction On 2,700 Hectares of London Land

by Paul Addison on November 8, 2018 No comments

A think tank has said that construction has not yet begun on 2,700 hectares of land in London that has planning permission.

Additionally, the report “Meanwhile, In London: Making Use of London’s Empty Spaces by the Centre for London” stated that in London there are currently 24,400 empty commercial properties, 22,500 of which have been empty for minimum of 6 months.

This is enough empty space to accommodate 160,000 to 200,000 workers.

In regards to security and property taxes, leaving buildings and land empty is costly, per the report.

The idea of unused spaces that have not yet been redeveloped, that could be “transformed” through “meanwhile uses” is explored in the report. This includes;

  • pop-up retail parks,
  • community gardens,
  • work spaces.

The research manager at Centre for London, Nicolas Bosetti, said;

“London is full of spaces, small and large, that could be given over to meanwhile uses, but are not.

Meanwhile spaces offer opportunity to try out new activities and to make things happen in parts of the city needing greater economic vitality. They can also provide affordable space for the next generation of entrepreneurs, activists and artists.”

It is explained in “Meanwhile, in London…”, that existing schemes across London are producing “huge” benefits and social value.

Three obstacles that stop empty spaces from being used to their full potential have been acknowledged by the Centre for London.

  • “Landowners often overestimate the risks and undervalue the benefits of giving over a site to meanwhile use.”

  • “The planning and licensing systems can make meanwhile projects difficult to undertake.”

  • “The lack of larger meanwhile use operators limits capacity to take over sites and manage meanwhile activity.”

The report has recommended that the Mayor of London and the Greater London Authority (GLA) show how temporary uses are able to deliver benefits to Londoners to resolve this.

To reinforce the confidence between the landlord and the occupier, the mayor should start a “meanwhile use competition”, as well as opening data on empty commercial vacancies, and developing a “good practice code of exit”, continues the report.

For more information, call us on 01342 890010 or email info@dev-assist.co.uk

Paul AddisonConstruction On 2,700 Hectares of London Land

Related Posts

Take a look at these posts