Miles Gibson, Head of UK Research, CBRE UK said: “After the brouhaha of the election campaign, Sadiq Khan’s focus now shifts to securing London’s status as a global city. Adverse global economic conditions, a failure to attract global talent and a risk of London becoming a less open and less cosmopolitan place are of course risks outside the Mayor’s direct control – not to mention June’s referendum – but each needs a careful plan to manage their impact on the capital. There are however key areas, specifically housing planning, investment in infrastructure and ensuring London’s placemaking continues to be world class, which must be capitalised upon if it is to prove a successful term in office.
“To date there has been little detail on how the new Mayor’s manifesto will be funded, in particular the infrastructure investment and proposed surface transport improvements. It’s the detail behind these numbers which is most eagerly anticipated by the property industry.”
