As Brexit nears, new London office construction slows

London

THE number of new office developments in London is falling as higher construction costs and uncertainty over Brexit lead builders to delay new schemes, a closely-watched industry survey showed on Tuesday.

Construction began on 25 new central London office schemes in the six months ended Sept 30, less than the 28 new construction projects started in the preceding six months, the London Office Crane Survey by Deloitte Real Estate showed.