East London commercial property is set to see a huge increase in value as the Olympic Games draw closer.
The east of London is set to see a major surge in
commercial development values in the build up to the 2012 Olympic Games, it has been claimed.
All property in the area is set to benefit from the regeneration and interest that the Games have created, according to Richard Everitt, the franchisee of the Stratford office of the estate agent Winkworth.
One major commercial development already underway is the Westfield shopping centre which will open next year, creating 18,000 jobs.
Commercial development projects on Stratford high street will also be in extremely high demand from
property investment firms, and values will be further increased by the new transport system which is second only to Kings Cross, says Mr Everitt.
He went on: "It is all pinned by the general regeneration of the area. With the Olympics, all it has done is it has accelerated it.
"The Westfield site opening up is going to be a major part of all this regeneration."
Property services company King Sturge recently claimed that commercial development assets in London are far outperforming those elsewhere in the country.
Posted by Hadji Singh.
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