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Government To Allow Warehouse Conversions

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http://www.knightfrankblog.com/global-briefing/news-headlines/budget-2014-new-warehouse-to-resi-plans-announced/

The Chancellor used yesterday’s Budget statement to outline plans to boost housing supply, including a consultation on rules to allow warehouses and light industrial buildings to be converted for residential use.

George Osborne said that a review of the existing General Permitted Development Order – under which new rules were introduced last year allowing offices to be converted into homes without going through a lengthy planning application process – will be undertaken.

Christopher Babatobe, an analyst in Knight Frank’s Commercial Research department, said: “Warehouse-to-residential conversions will certainly follow along the lines established by office-to-residential conversions seen over the last year – though on a more confined basis. We can expect to see developers focusing their attention on inner-city locations that have recently undergone – or are currently undergoing – regeneration/revitalisation.

So Englands green and pleasant lands will be off limit so as not to offend the UKIP/Tory/NIMBY/Boomer voter base, but I'd seriously consider some container housing inside a former warehouse, or on former industrial space. Its either that or live on a flood plain.

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http://www.knightfrankblog.com/global-briefing/news-headlines/budget-2014-new-warehouse-to-resi-plans-announced/

So Englands green and pleasant lands will be off limit so as not to offend the UKIP/Tory/NIMBY/Boomer voter base, but I'd seriously consider some container housing inside a former warehouse, or on former industrial space. Its either that or live on a flood plain.

Building residential property only on brownfield sites implies that the UK will never need the industrial areas again and is in long term exonomic decline.

Where are all the new factories going to go? Greenfield sites?

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This is a glimmer of good news in the budget.

There are stacks of commercial properties with house sitters in right now that could be converted.

The problem is - if the economy does return to non-housing speculation fueled growth - where will everyone work?

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Building residential property only on brownfield sites implies that the UK will never need the industrial areas again and is in long term exonomic decline.

Where are all the new factories going to go? Greenfield sites?

We won't need them as we'll all have a 3D printer to be able to print our own bread makers.

I like the word exonomic - looks more toxic, almost as if the word decline needn't had been used.

Edited by bendy

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A "consultation on rules to allow warehouses and light industrial buildings to be converted for residential use."

Translation.....

'We politicians think this might be ok, but we'll ask our bosses in the lobbying industry first.'

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Building residential property only on brownfield sites implies that the UK will never need the industrial areas again and is in long term exonomic decline.

Where are all the new factories going to go? Greenfield sites?

Fear not, all the industry we'll ever need lies in Canary Wharf and the City. They can make money from money you know.

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