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Out of recession but will construction begin again?

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Toolbox_small.jpgThe UK has just exited a deep recession with a 0.1% growth in the economy in the last three months of 2009. Although growth is slight it could give the construction industry the push they need to begin developing the many stalled site across London. With a shortage of new grade A office stock due in 2011/12 perhaps developers should take the risk and start picking up tools again in 2010.



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2 Comments

Chris Bond

Work has started on site I notice for a sizeable scheme on Baker Street. It's been an empty site for a couple of years so some evidence that confidence is back

Jennifer Islip

Yes, I guess that is Ahli United Bank’s 5-17 Baker Street. It will be interesting to see if the same happens in the City as the year carries on.

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About this Entry

This page contains a single entry by Jennifer Islip published on January 27, 2010 9:16 AM.

West End back on form was the previous entry in this blog.

CBRE top of the list at Q4 breakfast briefing is the next entry in this blog.

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