Mon, 8 December 2014
Industrial development must feature in mixed use schemes as technology continues to drive demand for warehousing.
Planning authorities must factor industrial property into city planning as the need for sheds closer to urban centres grows in this era of e-tail.
“We will see more localised distribution network for a number of the larger players,” said Richard Sullivan, Savills’ industrial and logistics director.
Andy Gulliford, chief operating officer of SEGRO, said industrial in mixed use schemes were “the way forward”.
“Increasingly we are looking at sites where there is a combination of residential and some localised warehousing and industrial and trying to make that work. And I think that’s the way ahead. Increasingly that is the way forward. We have picked up enquiries in Park Royal from Nine Elms and from Westfield Shepherd’s Bush. Old Oak Common is going to displace a lot of industry. We have got to have a balance view of how to take things forward.”
The pair was among six experts examining the future of the industrial sector at a round table chaired by Estates Gazette editor Damian Wild, and sponsored by SEGRO and Savills.
The event was hosted at Savills’ London headquarters and also included Ian Henderson, group property director, Wincanton; former Wickes and Iceland chief executive Bill Grimsey; head of portfolio management at Poundland, Ben Wall; and Local Data Company director Matthew Hopkinson.
Hopkinson said: “The mixed use thing for me is fundamental. A lot of places have infrastructure, they’ve got services but what they haven’t got is people, they haven’t got homes they haven’t got places to work. You have to physically change them, you have to place make and I don’t think we have seen proper place making in this country since post the Second World War, when we were forced to do it.”
Fri, 5 December 2014
Cambridge has little to fear from the rise of east London’s Tech City, according to a panel of experts at Estates Gazette’s Question Time this morning.
Occupier demand from the biotechnology and IT sectors is so strong in Cambridge that east London’s tech cluster is “complementary” to the university city, rather than being a threat, said Mills & Reeve partner Vincenzo Maggio.
Rob Sadler, Savills’ head of office in Cambridge, added: “Historically, Cambridge has been built on home-grown businesses or companies linked to the university. Now we are drawing major global corporations such as Apple and AstraZeneca.”
However, Cambridge needs to take urgent action to improve its strained infrastructure if it is to continue to benefit from the tech boom, panellists said.
The city needs to “push harder” for more residential development, said Edward Skeates, project director at Grosvenor.
He added: “We need up to 15,000 new homes in the next 10 years. There are already 6,000 unbuilt homes in Cambridge which already have planning consent.”
The city must also ensure that a drive for development in peripheral areas such as Waterbeach and Northstowe is combined with efforts to improve road and public transport links with the centre, panellists said.
“The A14 is heavily congested and it’s holding back developments to the north of the city” said Sven Topel, chief executive of Brookgate, the developer behind the 25-acre mixed-use CB1 development, which is under construction near Cambridge station.
Tue, 2 December 2014
The government is set to announce that Bicester, Oxfordshire, will become the site of the second garden city to be built in the UK in 100 years.