Virgin territory

Article Abstract:

The property market in Crawley, England, is buoyant. The proximity of Gatwick Airport is important here, with direct income from Gatwick putting 140 million pounds sterling into the local economy each year and a further 12 millon pounds sterling going indirectly to local firms. Property activity in the area includes the Virgin Atlantic Airways new UK headquarters, which should be completed by summer 1997, a 42,355 square foot speculative development from Canadian & Portland Developments and outstanding planning consents which together total one million square feet of space.

Airports, flying fields, & services, Airports, Airport Operations, Contracts, Buildings and facilities, Real estate development, Gatwick Airport, West Sussex, England

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Bigger, bolder, better

Article Abstract:

The Alconbury airfield, Cambridgeshire, England, is being redeveloped and a distribution center is being set up. There are over 121 developers seeking to become involved in the project which will also include leisure components and a heritage center. Redevelopment work is scheduled to start in 1997, and contracts will be exchanged prior to Christmas 1996. Developers are expected to carry out speculative developments to show their commitment. Railtrack may also provide a railroad link.

Investments

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Rising demand in the flat lands

Article Abstract:

Demand for office space in Cambridge, England has increased with some 12 months' accommodation remaining. Rents fell between 1989 and 1992 to 50% of previous levels, but rose again in 1995. Investment is increasing as a result of this rise in demand. Traffic congestion can be a problem despite good railroad links. Retail rents are rising in the center of Cambridge and there is little space available for new development in the retail sector.

England

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