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Building upwards benefits economy says report

Tall high density buildings benefit the economy by increasing staff output, according to an independent report out today.

The Tall Buildings Report, prepared by research company Colin Buchanan, says high density development brings a range of benefits including more productivity, knowledge spill-over, increased business specialisation and economies of scale.

The report concluded that relocating just 80,000 jobs within London to more accessible high density locations would increase output by £206 million annually, or £2,500 per worker.

The findings of the report were due to be presented by the British Property Federation at the London Major Projects Forum today.

BPF chief executive Liz Peace said: “While we have a responsibility to protect historical views and sites, we shouldn’t use this as a blanket excuse to stop progress or shelve schemes that could really help generate new investment or provide for our future.

“Building more densely is better for the environment, as the properties use less land and workers are better placed to make use of public transport.

“We may be in a downturn at the moment, but in years to come there will once again be increased demand for commercial property, and in some areas, high density development could be the solution.”

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