Apprentices looking for positions across the plumbing, bricklaying and carpentry sectors will be pleased to note a major new development taking place in the UK, which could lead to many opportunities for them to earn and learn.
The second phase of the major speculative office scheme in Hammersmith, West London, by commercial property developer Development Securities is pressing ahead. Rising confidence amongst buyers and commercial office space renters across London has led to the developer taking the decision to forge ahead with the project.
David Jenkins, chairman of Development Securities, told Construction Enquirer: “There is evidence over recent months that some of the lights are coming back on within the UK economy. With the economy showing signs of recovery and demand strengthening in fringe locations of Central London, we now anticipate an increased focus on large-scale office developments.”
The first phase of the scheme – which was constructed by contractor Wates at 10 Hammersmith Grove scheme – has now reached "practical completion", said the firm, adding that it was 58 per cent under offer, which only highlights the growing strength of the London market.
“Given our progress, we are now priming the second phase, 12 Hammersmith Grove, a 165,000 sq ft grade A office building for commencement in early 2014,” Mr Jenkins added. “As with 10 Hammersmith Grove, this speculative development will be forward-funded with an institutional partner prior to commencing construction.”
The developer will also soon begin work on another major mixed-use development in Shepherd’s Bush, West London, which spans six acres. The Shepherd's Bush Market regeneration scheme will comprise a new market, 212 flats and shops upon completion. The scheme is expected to begin early next year, following the issuing of a compulsory purchase order.
Mr Jenkins added: “A weaker Sterling exchange rate, improving consumer sentiment and Government initiatives to resuscitate the housing market have largely driven this upturn.
“London, with its population growth and status as a leading global city, has benefited from positive GDP growth for some time now and, with a steady influx of foreign capital and further infrastructure improvements, this seems set to continue.”