The office design market will see a boom in opportunities as the number of speculative developments in London escalates.
Property adviser DTZ Debenham Thorpe’s developers’ survey forecasts increased confidence in the market among developers.
This will trigger a rise in the level of speculative office scheme completions in 1999 to 300 000m2 – an increase of nearly 80 000m2 compared with last spring’s survey.
“In the long term there are going to be projects for office designers,” says Bob Eaves, director of building consultancies at DTZ, although consultancies may not be brought in until a building is let: “It will be next year, rather than this year.”
A spokesman for office specialist Morgan Lovell adds: “There is an increase in development generally in London, but there is currently very little available new space. The refurbishment market has increased and will continue to until new developments come on to the market.”
UK pharmaceutical company Norton Healthcare plans to relocate from Harlow to Docklands. The new European HQ, designed by The Fewer Partnership, is subject to planning permission.