Ross bullish on central London office rentals

Premier's Alex Ross is bullish on the outlook for the central London office rental market predicating demand will outstrip supply

The manager of the £50m Pan Europe Property Share fund says the global financial crisis has led to a lack of office space at a time when global corporates are looking for new headquarters. “We are in a situation we have never seen before. For the past three years developers have been unable to get financing and there have been no major schemes started in London,” he says. “In addition, the ending of empty rates relief in 2008 has accelerated the occupational market, with landlords offering incredible incentives to attract tenants. “And weak sterling means the demand for office spac...