The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Monday, 24 February

Does Property Behave Improperly?

London Olympia was the focal point for contrasting groups with major property developers and owners, ministers and scores of international investors, rubbing shoulders with council officials.

They had gathered for the inaugural MIPIM UK show, but demonstrators outside did not share one of the themes promoted inside Olympia – solving the UK housing crisis through striking a balance between public and private sector development, UK and overseas investment.

Over 4,000 delegates attended, including more than 500 investors, making MIPIM UK the biggest ever gathering for the British property sector.

Representatives from 35 cities and local authorities, including Manchester, Leeds, Liverpool and the Scottish Cities Alliance, joined the private sector developers, investors and advisers. Of the UK attendees, 60% were from London and 40% from the rest of the UK.

In an opening speech London Mayor, Boris Johnson, explained that he was committed to seeing 500,000 new homes built for Londoners over the next 10 years.

His statement was in contrast to the story that surfaced this week of the eviction of tenants in Griffith Road and Raynesfield, Morden, South London by the Mayor's Office for Policing And Crime (MOPAC). Many of the tenants are teachers and hospital workers who state they cannot afford to live in the area with the rents at the rate they are.

However, MOPAC defended the sale as part of a massive selling off of properties owned by the Metropolitan Police to meet a funding gap and pushed through by Johnson. In a statement, MOPAC said: ‘The sale of both of these properties is part of the biggest restructure of the Met estate in 50 years and all of the money raised will be pumped back into front line policing right across the capital.’


Pictured: A tale of two cities – demonstrators outside London Olympia against MIPIM UK, which ironically had as one of its themes how the housing crisis could be solved

Article written by Mike Gannon


Related Tags

Related Articles

Sinking Feeling Over Leisure Facilities

Leisure centres could fall into a state of disrepair and even be forced to close without urgent new investment from government, councils have warned. The Local...

 Read Full Article
Piccadilly Lights - LandSec's London Landmark Re-lit

London’s iconic Piccadilly Lights were switched back to life on October 26 after a nine month period of renovation. A spectacular display of colours, which were...

 Read Full Article
Buildings Of The Future - Time To Rethink The Bottom Line

The availability of measurement models that accurately reflect return-on-investment is often the biggest hurdle in the design, construction and maintenance of Buildings...

 Read Full Article
Squaring It With Qube

MRI Software has acquired Qube Global Software, a UK based provider of property and facilities management Solutions. The acquisition, according to MRI, extends the...

 Read Full Article
Jurassic Parks at Tower Top - 14 Rescued by Helicopter

Merlin Entertainments, the biggest ride and attraction company in the UK and with sites across the world, have suffered another embarrassment as 14 people including a...

 Read Full Article
Up and Down and Side to Side - First Multi Lift Unveiled

More than 160 years after the invention of the conventional elevator, Thyssen Krupp has unveiled the first functional multi-directional lift at a 246 metre tall test...

 Read Full Article
NOW That's What I Call Remote Working

London City Airport is to become the first UK airport to install a digital air traffic control tower – operational in 2019. The digital solution is a multi-million...

 Read Full Article
Cosmo Guardians Take Vacant Options

As pressure on private rental accommodation in the UK’s major cities forces up costs, young people are finding it impossible to combine their career hopes with...

 Read Full Article
A City That Never Sleeps - Longer London Hours

For the period January to December 2016, the UK region with the highest average actual weekly hours worked (for all workers) was London at 33.7 hours, followed by...

 Read Full Article
Are You Experienced?

BT has launched its first 'Customer Experience Lab' (in Dundee) to test new ways of supporting its 1.1 million business customers across the UK. Designed to...

 Read Full Article