The promise of up to 41,000 homes through airspace development has failed to take flight, writes Fruition Properties' CEO Mani Khiroya.
The London property market is not what it was 10 years ago. The combined effects of tightening planning regulations, legislative changes and broader economic uncertainty have eroded the development potential of land that once held promise.
Following the completion of the apartments in Bermondsey the development was suitably featured as Property of the Week in online publication Abode2.
Our Land Director, Jon Smart, gave his insights to Show House this week on how airspace development can tackle the housing shortage cost-effectively.
Fruition Properties celebrates its 20th anniversary this year, COO, Parul Scampion reflects on some of the challenges of property development and how our adaptability and collaborative spirit have been key to our longevity.
Writing in React News, Fruition Properties CEO, Mani Khiroya, and Land Director, Jon Smart ask could changes to airspace development rules unlock residential delivery?