Tag #Uk Real Estate

What are the primary drivers behind the increase in office-to-residential conversions in London, and what are their immediate consequences?

The conversion of office buildings into residential units in London is surging, driven by decreased demand for office space post-pandemic and high housing demand. This trend is exemplified by the transformation of Irene House, a former civil servant office block, into 77 luxury apartments. However, challenges such as high conversion costs and difficulties with natural light integration exist.