Exclusive Interview with CREtech London Speaker, David Camp
NEW! CREtech London 2024
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21m
In a recent interview, Stanhope's chief executive, David Camp, discussed the company's move into their own buildings, exemplified by the recent 8,300 sq ft space acquisition at 8 Bishopsgate. Camp shared insights into the challenges faced by developers in recent years, citing value movement and construction costs as significant hurdles. However, he expressed optimism for developers delivering prime projects in strategic locations, foreseeing strong rental growth and demand for top-tier ESG spaces in the foreseeable future. Camp emphasized the increasing divergence between rental rates for premium properties and average buildings, highlighting a promising rental growth trajectory for prime and super prime projects.
Takeaways:
- The success of Bishopsgate demonstrates the demand for high-quality office spaces with amenities.
- Despite predictions of the death of the office, people still prefer working in an office environment.
- Innovation and technology play a crucial role in the design and operation of modern buildings.
- The rental growth for prime office spaces is expected to continue, with a focus on sustainability and ESG.
Register for CREtech London: https://events.cretech.com/GK1Gbd
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