In the last six months, the construction of offices in London has enjoyed a 137% rise after falling to an all-time low in November 2010. The London Offices Crane Survey has recorded 25 new projects now in the midst of construction, and this well be a welcome piece of news to all construction workers in possession of a CSCS card in London.
What is Being Constructed?
The city towers are the most talked about buildings that are currently being constructed with other constructions being the Leadenhall Building, the Pinncacle and 20 Fenchurch Street. The West End of London has seen the largest number of new starts ever recorded with thirteen new schemes, compiling 1.4 million square feet of floor space. All of the schemes are aiming to increase the quality of office buildings in the capital, as at present only 8% of all buildings are Grade A quality according to the Crane Survey.
What Does This Mean For You?
If you are already in the construction business or are thinking of entering into this industry there are an increasing number of employment opportunities available to you. With most companies in the capital now requiring to see that you are capable of adhering to the construction health and safety guidelines, you are advised to have taken and passed a London CSCS health, safety and environment test and be in possession of a CSCS card in London. If you are currently not based in London but are contemplating moving to the area to further your career, please be advised that the CSCS health, safety & environment tests can be taken in most major UK cities.
The Future of London Office Construction
People in ownership of a CSCS card in London can expect a bright future in the London office construction business. The race now seems to be truly on to increase the amount of Grade A space in the next three years. With a considerable profit expected due to the rapidly rising rents in the city, a number of construction companies are now getting involved in these projects.
Workers from all over the world decide to choose London as their base, and with more and more offices becoming available, most believe this trend it set to continue. Although some cynics are predicting an oversupply of office buildings in the city, especially with the Shard London Bridge that is expected to be completed early next year, many people truly believe that this will not be the case whilst London remains the global financial centre of the world.