Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

City battle

  • Comment
astragal

On the day Our Ken was elected mayor of London, a City symposium met to consider a topic of equal importance to the capital: the ongoing tussle with Frankfurt to be financial capital of the eu. Research commissioned by Development Securities from Reading University suggested that there is really no contest: the volume of business carried out in the City is massively more than Frankfurt by any measure. Nor is it true that it is easier to obtain planning permission for flexible buildings in the latter. So what has the City got to worry about? Well, cost for one thing. The crude comparison suggest that occupancy costs are double what they are in Frankfurt and the futures market has been stolen from the City - as a result of better technology, rather than better buildings. London is miles ahead, but it still needs to think about speed and capacity, whether in relation to property, travel times or technology. Meanwhile one experienced City hand expressed few worries about Ken. 'He has told us he will not try to out-eat the Lord Mayor, or travel all over the place flying the flag.' Let's see.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.

Related Jobs