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Struggling out of recession
The construction industry is starting to move out of its recent stupor, according to figures released recently (2 September) by industry analysts Glenigan.Read more
The September Glenigan Index shows that private sector construction starts have returned to growth, though the impact of election delays still hangs over the public sector starts. Overall the underlying value of construction starts was 8% lower during the three months to August than a year earlier, but this rate has improved from a 20% decline in July. Taking the month of August alone saw starts up strongly from a year ago.
The office, hotel and leisure and industrial sectors have all returned to growth during the last three months. The value of underlying office starts, which excludes those on schemes valued at over £100m, was 18% higher than a year earlier, while the hotel and leisure sector saw a rise of 8%. Retail starts remained 8% down on a year ago; however this an improvement on a 21% fall in the three months to July, with August alone seeing strong levels of new activity. Industrial starts were also up on a year earlier, rising 19%. Source: www.glenigan.com
Lack of government Incentives to go green
80 per cent of commercial property landlords claim a lack of government incentives is the single biggest barrier to widespread energy efficiency measures being introduced across UK commercial real estate, according to Tuffin Ferraby Taylor (“TFT”), the leading property and construction consultancy, in the TFT Energy Survey 2016 published in August.
With a confusing array of disconnected, individual energy regulations, a further 75 per cent have said that the current regulatory framework is too complex to navigate. This comes even though an overwhelming majority of respondents to TFT’s first annual survey (92 per cent) say that attitudes to energy efficiency have improved since the last recession. Click here to read the report