UK Business Property

The outer areas of central London are good value for businesses.

Recent years have witnessed the rise of some locations within London in business property terms, to the point where they are now considered prime spots.

Richard Kauntze, chief executive of the British Council for Offices, suggested there is still a divide between the very centre of the capital and its outer zones, but both are attractive.

He highlighted Paddington as an area that was once looked upon unfavourably but, largely thanks to the Paddington Basin development, is now a thriving commercial location.

"Those kind of areas on the outskirts of inner London, if you like, still have enormous potential and they generally do offer significantly cheaper rents then the more traditional centres," Mr Kauntze stated.

Another place business property users might wish to consider is King's Cross, which the expert noted is currently home to a large commercial property development.

AXA Real Estate last week announced it had submitted a planning application for a commercial complex in the St Paul's area of the city.

Posted by Tom Baker