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Terminal Five Decision Will Increase Pressure in Heathrow Area, Says Agent

LONDON-This week's decision to permit a fifth terminal at London Heathrow airport will put severe pressure on land in the area, according to agent Rogers Chapman. And planning restrictions mean the demand will not be satisfied.

By Graham Parker | Updated on November 23, 2001

LONDON-The go-ahead for Terminal Five at Heathrow Airport will only add to the pressure on the already-overheated property market to the west of London, according to agent Rogers Chapman. Because of a shortage of development land and tight planning restrictions it will be very difficult to satisfy the additional demand for both office and warehouse space that the new terminal will create, Rogers Chapman concludes.

Developers will be forced to turn their attention to the public transport nodes and neglected town centres in the area, says the firm. But in the longer term it believes that there are large areas of greenbelt land–where development is prevented by law–that must now be reviewed to enable the local economy to breathe,

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