Property Review
The COVID-19 pandemic is forcing adaptation towards agile working and online services which is still washing through the property markets. although cities and regions remain critical, the pandemic is rebalancing the markets towards a more sectoral emphasis. Office take up fell dramatically during lockdowns as occupier requirements were postponed or adjusted. Occupiers planning a return to the office signal market recovery, albeit with more widespread adoption of agile working and in some instances reduced space requirements.
Structural change in the retail property market is upon us, as concentration into prime locations is exacerbated by the rapid acceleration of online shopping and services. While multi-channel retailing will work for some, a major reshaping of retail locations now looms. The property investment market has picked up again. Although it is hampered by current restrictions and once again a degree of political uncertainty, there is ample money for investment into industrial and alternative property and opportunistic potential elsewhere.
The firm has undertaken a number of Property Reviews for Councils. These include but are not limited to health and safety regulations for schools, Commercial property portfolio’s, service property relating to Asset Management plans, Capital Programme projects.
