London’s Skyscraper sale could be the green light for the rest of the UK

London’s Skyscraper sale could be the green light for the rest of the UK

With the recent news that Citypoint, London’s first skyscraper is on the market for offers over £500m and the prospect that interest rates may have peaked, commercial property developers across the UK are finding fresh opportunities to grow and expand. This shift in the economic landscape and a rise in activity across several sectors mark a pivotal moment for developers—including those outside London—looking to start new projects or revisit ones previously paused due to financial uncertainty.

Easing financing challenges and new regional opportunities

As interest rates stabilise, financing for development projects could become more accessible, allowing smaller developers to revisit projects that have been put on hold. This isn’t just a win for London-based projects; regional markets are increasingly attractive. The demand for versatile commercial spaces—retail, industrial, and even hospitality—in suburban and secondary markets offers strong potential for developers willing to look beyond the traditional hotspots. Smaller developers, in particular, can benefit from exploring these underserved areas, where competition is lower, and growth opportunities are plentiful.

Sectoral growth and practical considerations

Key sectors, such as retail and logistics, are seeing increased activity and could become fertile ground for commercial property investment. However, developers need to conduct thorough due diligence before diving in, especially as growth trends differ regionally. Sector-specific considerations, like flexible lease terms for retail or zoning permits for industrial developments, are crucial factors that may affect a project’s viability.

Head of Commercial Property, Parmjit Gill comments:

With interest rates finally stabilising, we’re seeing a renewed appetite for development in areas across the UK. This is an ideal moment for smaller developers to expand in regional markets where demand is rising. However, navigating the nuances—like securing favourable lease terms or aligning with sector-specific planning regulations—requires a strategic approach. The right legal guidance can turn these growth trends into sustainable investments.

For those looking to capitalise on these opportunities, working with a knowledgeable commercial property lawyer can ensure that plans are compliant and optimised for market conditions. Stabilising interest rates signal an ideal time for developers to assess their portfolios and explore new projects, taking advantage of the renewed vibrancy across sectors to strategically expand their footprint.

About our expert

Parmjit Gill

Parmjit Gill

Partner and the Head of Commercial Property
Parmjit is a Partner and the Head of Commercial Property at Harper James. Pam qualified in 2004 and has over 20 years’ experience within private practice and industry. Pam is an expert in landlord and tenant law and has considerable experience in a wide range of commercial property work from portfolio management through to investment and development work. 



What next?

Please leave us your details and we’ll contact you to discuss your situation and legal requirements. There’s no charge for your initial consultation, and no-obligation to instruct us. We aim to respond to all messages received within 24 hours.

Your data will only be used by Harper James Solicitors. We will never sell your data and promise to keep it secure. You can find further information in our Privacy Policy.

Our offices

A national law firm

A national law firm

Our commercial lawyers are based in or close to major cities across the UK, providing expert legal advice to clients both locally and nationally.

We mainly work remotely, so we can work with you wherever you are. But we can arrange face-to-face meeting at our offices or a location of your choosing.

Head Office

Floor 5, Cavendish House, 39-41 Waterloo Street, Birmingham, B2 5PP
Regional Spaces

Capital Tower Business Centre, 3rd Floor, Capital Tower, Greyfriars Road, Cardiff, CF10 3AG
Stirling House, Cambridge Innovation Park, Denny End Road, Waterbeach, Cambridge, CB25 9QE
13th Floor, Piccadilly Plaza, Manchester, M1 4BT
10 Fitzroy Square, London, W1T 5HP
Harwell Innovation Centre, 173 Curie Avenue, Harwell, Oxfordshire, OX11 0QG
1st Floor, Dearing House, 1 Young St, Sheffield, S1 4UP
White Building Studios, 1-4 Cumberland Place, Southampton, SO15 2NP
A national law firm

To access legal support from just £145 per hour arrange your no-obligation initial consultation to discuss your business requirements.

Make an enquiry