London’s green office upgrades spur record construction

A visitor looks out over London's skyline from the Horizon 22 public viewing gallery in the 22 Bishopsgate skyscraper in the City of London, UK, on Thursday, Sept. 14, 2023. The gallery, in the city's tallest skyscraper, will open to the public on Wednesday, Sept. 27. Photographer: Chris Ratcliffe/Bloomberg , Bloomberg

LONDON: Investors are committing to a record volume of new London office construction projects as developers race to upgrade older buildings to meet rising environmental regulations and customer demands.

Builders broke ground on 43 projects providing 5.1 million sq ft of space in the six months through September, according to a survey conducted by Deloitte. That’s the most since the consultancy began collecting the data in its current form in 2005.