Giving UK cities more power over local investment sounds significant, but what does devolution actually mean for occupiers, investors and developers? In this episode of Commercially Minded, Will Matthews is joined by Henry Westlake, Head of UK Cities Offices, and Darren Mansfield from the Commercial Insight team, to unpack the property market implications of the recent UK budget and the government's reinforced devolution strategy.
The conversation explores how retained business rates could reshape local authority behaviour, the risk of a fragmented policy map between neighbouring regions, and why cohesive strategy linking skills, education and spatial planning is proving decisive. The discussion also examines what overseas investors are looking for, the role of patient capital in regional markets, and how property owners should be thinking about returns in a flat yield environment.
Hosted by Will Matthews, Knight Frank's Head of Commercial Insight.
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Produced by Rethink Audio.
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