Hedging on the pedestrian

February and March are traditionally the Spring conference season and have taken me this year on speaking engagements from Millbank (with RUDI) to Earls Court (with the Academy of Urbanism), the Royal College of Physicians (with the Architectural Review) and, ultimately, to the giant property toyshop of MIPIM in Cannes (with CABE). In more or less relaxed surroundings the pre-Spring period has been an opportunity to sit down with peers, discuss current practice and swap notes on future plans. First off the lips of those there was the global credit crisis, with opinions divided. On the one hand there was general concern over the detrimental effects of restricted borrowing on property development. On the other there were a significant number for whom the financial downturn presents opportunities to spend squirreled cash. Continue reading Hedging on the pedestrian