Hinkley Investment set to boost West Country Property Sector

Posted on 25 October, 2015 by Jodee Redmond

The announcement that Chinese investors will be funding a new nuclear power station at Hinkley Point in Somerset will provide a boost to the West Country property sector, according to an industry professional.

??????????????????

“This is the announcement everyone has been waiting for. To a certain extent there has been evidence of businesses treading water over the last few years waiting for this funding to drop into place,” said Paul Matthews (pictured), Head of Bruton Knowles Bristol office.

“Hinkley C requires a big supply chain and there are sub-contractors that will now be able to look forward with confidence and start investing. The impact on the property market will be colossal over a wide area.

“Some of those involved in the construction will need to be physically close to the site and they have been looking at options on properties for some time. This announcement now means those deals will progress.

“But others, such as Quantity Surveyors, engineers and other technical support will look to take offices around Bristol, so that will have an effect on the office market.

“In truth Hinkley C will have a major effect on offices, industrial, retail and hotel accommodation within 50 miles of the site. There will also be a need to provide an infrastructure for the thousands of people that will be involved.

“Hinkley C is a major national infrastructure project as it goes a long way to securing Britain’s energy. The fact that so much money from China is coming into the region will also help the region’s connections with that economy.”

Multiple players, from property developers with large land holdings, to small scale landlords will all benefit from this announcement, Bruton Knowles concludes.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants