![]() ![]() The offices that exist in the future will be fewer in number, but will be bigger and more sustainably built (both in terms of construction and operation). One of the key challenges for UK (and other cities around the world) is how they can foster people to stay and live in the city, especially as we have reached what M&G has called "peak office stock." Pellicer predicts that in 20 years from now, city centres will have fewer offices than today. ![]() London is uniquely placed as a genuinely global city and it is important that the city not only looks after itself but also contributes to prosperity across the country. The city has more international headquarters than any other place in Europe and twice the number of VCs in London than they do in Paris or Berlin. The audience heard from Jose Pellicer, M&G's head of investment strategy real estate, that with the rise of hybrid working, there is now a question mark for investors over how cities will be used over the next few decades.Īs a result, it is critical that as the capital, London can support the prosperity for the whole of the UK. Read time: 6 mins Even 3 years on, the COVID-19 pandemic still has a profound impact on the way we live, work and play.
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