GLASS & GLASS PROCESSING
Glass remains the material of choice for commercial oce t-out. GGP talks to Bohle’s
Dave Broxton, and asks whether the sector can continue to deliver or should glass
processors and t-out specialists be looking to new horizons?
“I don’t think anyone would be surprised
that the commercial oce and t out
sectors are seeing some sort of a slowdown”
www.ggpmag.com October 2018
Brexit. We may be sick of
hearing about it but it’s very
difficult to ignore its impact
on the commercial office
Continued on page 30
sector and wider fit-out markets.
According to figures from the
Construction Product Association,
(Construction Industry Forecasts
2018-2020) commercial construction
fell by 7.9% last year – albeit from an
eight-year high in 2016. The greater
problem, it argues, is in the order
book, which fell by 25% in 2017.
This is something which it states will
manifest itself in fewer new starts
this year and next.
It continues that while demand
still remains high for flexible office
space in the capital, demand from
the financial and business services
sector has dropped off a cliff edge,
with capital values in London
expected to fall by 2% this year.
So where does that leave
commercial fit out specialists?
“I don’t think anyone would be
surprised that the commercial office
and fit out sectors are seeing some
sort of a slowdown,” says Dave
Broxton, managing director at Bohle.
“The point is that that is from
an eight-year high in 2016. There
has also been a definitive shift in
investment away from the capital.
“This was clear from a roundtable
event hosted by Bohle in London
in autumn 2017. Those attended
recognised a cooling of the London
market and were already looking
instead to other parts of the
This analysis is consistent with
that put forward by the authors
of the CPA’s Construction Industry
Forecasts 2018-2020. ‘Falls in office
demand in London have been
partially offset by growth in cities
outside the capital, especially in
Manchester and Birmingham’,
They cite the 2018 Deloitte Crane
Survey which reported that activity
on six main projects accounting for
over 900,000ft2 of floor space was
started in 2017 and that ‘demand
continued to outstrip supply’. The