In this episode of The Weekly Take, Spencer Levy hosts Steve Skinner, Simon Brown, and Alastair Perks to discuss development trends in the UK and Europe, with a focus on asset renewal and adaptive reuse. The conversation covers the conversion of older office spaces into multifamily units and other uses, particularly in London, and the factors driving these conversions, such as sustainability, high new build costs, and planning restrictions. They also explore the trend of converting retail spaces into offices, the demand for new builds versus refurbishments, and the impact of embodied carbon and planning restrictions on demolition. The discussion further extends to the European market, highlighting the relative stability and attractive investment opportunities compared to the US, as well as the growing demand for alternative uses like healthcare, education, student housing, and the resilience of the retail sector. The panel also touches on the strength of London's financial services sector post-Brexit and the increasing trend of owner-occupier transactions, emphasizing the shift towards operational expertise and customer satisfaction in real estate.
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