Industry booming in the Thames Gateway and Essex
Demand for commercial space in the Thames Gateway and Essex remains strong, according to the latest Kemsley LLP survey in to the region's property market, supported by Gateway to London.
Despite increasing concern across the UK that the property sector is about to move in to a down turn, Kemsley's fourteenth annual report in to the region has found that demand for industrial space is particularly strong and that office based employment rates are continuing to grow.
This resilience is perhaps due to increasing Government investment (both financial and policy-led) in the region, including approval for Crossrail, arrival of High Speed 1 and of course companies looking to support and deliver the 2012 Olympic and Paralympic Games.
Developments such as Binary Park in Dagenham and an important cluster of environmental technology firms have been significant factors in raising the levels of supply and demand for floor space from industrial companies in the region. In addition, two new industrial parks were constructed initially for Olympic related relocations. The report found that the removal of 200 hectares of brownfield land at Stratford has contributed to the creation of over 50,000 square feet of new premises, and agents are still looking for development sites.
About the report
Kemsley LLP's fourteenth annual report is drawn from properties listed on the Gateway to London and egpropertylink.com databases, as well as from property information held by Kemsley LLP and key investment performance data supplied by Investment Property Databank (IPD).
Gateway to London (GtL) works closely with the property industry to secure investment into the region. A major part of GtL's work is to ensure the region's offer to business continues to evolve and grow and as part of this, welcomes independent research in to the future of the region's markets.
Please download your copy of the report here.
Aman Dalvi, Chief Executive of GtL, said; "Our region is also seeing a welcome return to form in one of its most traditionally significant and much loved business sectors - manufacturing. With the growth in new technologies, particularly environmental, there is a new breed of manufacturing companies emerging in the Thames Gateway, building the region into a leading centre for innovation and knowledge. We are confident that with ongoing investment in the region, demand for commercial property is set to grow over the years to come".
End
For further information on Gateway to London please contact Chris Madel, London Communications Agency, Tel: 07881788562, Email: cm@londoncommunications.co.uk
Notes for Editors:
Gateway to London (GtL) is the Inward Investment & Business Retention Agency for Thames Gateway London. As a public/private sector partnership, GtL is funded by the London Development Agency, Department for the Communities & Local Government, the European Regional Development Fund and other private sector partners. The organisation is headed by Anthony Nelson (Chairman) and Aman Dalvi (Chief Executive).
