Mike Hussey has warned the development industry it needs to be less blinkered in its approach to ensure London continues to grow and evolve as the global financial centre of the world
Speaking at the British Council for Offices (BCO) Conference in Geneva last week, the head of development company Almacantar urged the property community to do more to improve the fragile recovery and take the lead on futureproofing buildings - even if it costs more.
Hussey said: ‘Futureproofing – while perhaps expensive and difficult at the moment – is necessary to meet occupier needs and reach required efficiency targets, and there is a real opportunity for developers to lead the way on this issue.
‘And if occupiers are looking to a certain type of statement or development, developers need to respond. The demand we are seeing for office space remains shallow. Developers need to think about where occupiers need to be and consider issues at the top of their agenda to help deepen this recovery.’
Meanwhile Gary Wingrove, BCO Conference Chair and Head of Property at BT, pointed to an even bigger challenge for the sector: ‘We need to get away from always thinking about how space is designed, and more onto how the space is actually used.’
He added: ‘All too often property is regarded as a chain around the neck and a cost to businesses, whereas organisations should see it as something which adds value to your business.’
For more information visit the BCO conference website (www.bcoconference.org.uk).