On Tuesday 9th March over 120 JLL clients and business contacts attended the South Wales Report Launch at the SWALEC Stadium in Cardiff.
This event, which celebrated the 21st edition of the South Wales Report, saw presentations from Ben Burston, who provided an insightful view of the wider economic picture before Chris Sutton, Justin Millett, Rhydian Morris and Kathryn Williams outlined the property market by sector in Wales.
"Following a record year in the capital markets, we have also seen a strong run of Grade A investment projects in both the office and industrial sectors. The lack of Grade A floorspace is emerging as a key issue for the region and is now a clear opportunity for developers to consider.
Chris Sutton - Lead Director, Cardiff
"“Of the 12 UK regions, Wales been the fourth fastest growing over the past five years, and continues to benefit from strong economic growth, which is being reflected in rising real wages and improving business investment. Looking ahead, the outlook is for growth to continue at much the same pace in 2016. Proposed improvements to infrastructure, through the electrification of the Great Western mainline, and government efforts to boost research and development, such as funding for the Institute for Compound Semiconductors, will act to support growth and innovation over the medium term. Cardiff continues to develop as a location for financial and professional services, highlighted by the expansion of Deloitte and Admiral in the City centre, and will continue to see faster growth than in Wales overall.”"Ben Burston - Director, UK Research
"Office take up has increased for all three South Wales cities with Cardiff having a record year of 616,000 sq ft.”"Rhydian Morris – Director, Cardiff
"House prices in Wales increased by 2.6%, with South Wales outperforming compared to the rest of Wales. And when discussing The Planning (Wales) Act 2015 “This needs to be implemented as soon as possible."Kathryn Wiliams - Senior Planner, Cardiff
"Wales was the standout regional performer in 2015 and corporate real estate investment volumes pushed beyond £1 billion for the first time."Justin Millett - Director, Cardiff
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This year’s South Wales Report highlights an improving market across most property sectors.
JLL urges Welsh Government to incentivise development
Find out more about our launches in 2014 and 2015.
Find out more about the services we offer in Cardiff
Speakers L-R: Justin Millett, Ben Burston, Rhydian Morris, Kathryn Williams, Chris Sutton.