London has hundreds, and possibly thousands, of empty structures awaiting planning permission, final fit-out or just biding their time until the local residential, hotel, retail or office property markets reawaken and their square footage is most profitably in demand.
This last point is particularly salient at the moment; Capital Economics recently warned that commercial property values are due to fall between five and nine percent if the UK leaves the EU without a deal.
And a recent repo...
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