Contents I


BANKING 75


Demand from the sector will be limited as it recovers from job cuts and tighter regulations


s it the end of the financial services occupier in London as we know it? Possibly. There is certainly a big question hanging over whether the sector will ever be the same post the banking/eurozone/LIBOR/economic crises. The capital faces tougher regulation and increasing


competition from emerging global markets, but what does it mean for the sector as a City stalwart? Our writer Mark Simmons investigates (p75) and the EG London Forum adds its own views (p95). Meanwhile, there is still plenty of money in London,


particularly for retailers in wealthy suburbs that are riding the retail storm, unlike their less wealthy neighbours (p88). Office developers hampered by a lack of funding are


turning their attention to refurbishment as a more cost-effective way of producing stock and adding value (p80). The war-time mantra of make do and mend seems to have returned, but not just for developers, take-up figures for the first quarter looked rosy only because Google signed at King’s Cross. Otherwise, it seems businesses are making do with existing stock.


STACEY MEADWELL REGIONAL EDITOR


REFURBISHMENT 80 Financial constraints and timescales are making refurbishments increasingly popular in London


PUBLIC SECTOR 84 The government gets under way with its mission to cut its central London office estate


RETAIL 88 Wealthier pockets of London are managing to stave off competition from the West End, while others suffer


FORUM 92 Can London retain its crown as the world’s leading financial centre??


LAST WORD 95 Google’s deal at King’s Cross skews London picture


EG


LONDON Editor Stacey Meadwell 020 7911 1819 13 April 2013


Advertising sales manager Jonathan Lister 020 7911 1757 www.estatesgazette.com 73


13.04.13


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