Commercial Property News

Boris Johnson 'must keep London attractive to business property owners'

Entrepreneurs may be more likely to invest in London business properties if improvements are made to the city's infrastructure and transport.

Mayor Boris Johnson is justified in aiming to make this happen, Nigel Bourne, the Confederation of British Industry (CBI) director of the London region, has said.

"Boris is right to bang the drum for continued investment in the capital's infrastructure, particularly its big transport projects such as Crossrail and modernisation of the Tube," Mr Bourne continued.

Commercial properties may become more attractive prospects for investors if such improvements are made.

Confidence is improving and the CBI believes the capital's reputation has been enhanced by Mr Johnson, but he must continue to attract global interest to keep the city competitive, he added.

Mr Bourne's comments follow the latest CBI/KPMG survey, which revealed 53 per cent of London businesses are optimistic about the future of their firms - up from the 47 per cent who said so six months previously.

Posted by Darren PurseADNFCR-2842-ID-19882955-ADNFCR

Fri, 9th Jul 2010

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