Our final event of 2016 was the seminar deconstructing Deloitte’s Crane Survey, held jointly with the City Property Association. Now an annual tradition, over 100 members came to hear from an expert panel on the barometer for construction in Central London, which now includes emerging office hubs in Stratford, Battersea & Nine Elms, and White City on top of traditional locations.
Will Matthews, Head of Real Estate Insights at Deloitte, kicked off the seminar with a short presentation showcasing the trends that can be identified by looking at this years report in comparison to previous years’, and a look at some of the data gathered in aid of producing the report and what it could tell us.
Mike Cracknell, Director in the Construction Cost Consultancy team at Deloitte, gave the audience an insight into the mood in the construction sector, and the contrast between projects inside and outside the M25. He ended on a positive note, explaining that 92% of respondents say they expect to be busier in 2017.
Members were treated to a data driven analysis of the underlying factors that have affected the London office market by Julian Livingston-Booth, Head of European Real Estate Equity at Goldman Sachs, who explained the correlations between indicators in possibly predicting the impact that current uncertainty in the market will have on future office take up and pricing.
This was followed by a panel discussion chaired by Jon Milward, Head of Real Estate Development, who concluded the seminar with an enlightening audience Q&A session.