Infrastructure investment and public sector activity are vital to accelerate growth in emerging London property hotspots according to a report by GVA and Centre for Cities.
Launched at MIPIM today, Evolving London – the Future Shape of the Capital, GVA outlined its predictions for growth in the capital over the next 10 years.
The agent said three measures are vital to aid growth. The public sector needs to keep providing initiatives such as enterprise zones and new homes bonus; infrastructure investments such as Crossrail must continue; and the public sector needs to engage as quickly as possible with the private sector on proposals and developments.
The report has also produced a 10-strong list of boroughs that will experience the most significant changes over the next decade, including Camden, Haringey and Tower Hamlets.
Outside central London, the six “places to watch” are Park Royal, White City, Tottenham Hale, Royal Docks, Deptford Creek and Croydon town centre.
Gerard Hughes, GVA’s senior director, planning, development and regeneration, said: “We are in the middle of mass infrastructure change. By 2031 London’s population will have reached 9m. Certain areas will have huge property changes.”
joanna.bourke@estatesgazette.com
