It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.
It has become something of a tradition, given that we’ve been doing this now for over 30 years.
Here we speak to Dr Edward Ziff, Chairman and Chief Executive at Town Centre Securities PLC.
As we look ahead to 2025, I believe the property sector is entering a transformative phase, shaped by evolving work patterns, shifting consumer habits and the policies of the new government. At Town Centre Securities PLC (TCS) we are adapting to these changes with a focus on flexibility, innovation and sustainability.
In the office market, it’s encouraging to see workers gradually returning to office spaces, though hybrid working remains the dominant approach. I think this reflects a growing recognition of the value of in-person collaboration, while maintaining flexibility. To respond to this shift, we’re focusing on creating high-quality, multi-functional spaces that meet modern needs. For older offices that no longer suit the market, we’re exploring creative alternatives, such as repurposing them for new uses, including student accommodation.
The retail sector, long under pressure, is starting to reveal new opportunities. While some locations remain challenging, I believe essential retail, such as food, discount, and convenience stores, will continue to thrive. It’s clear that younger shoppers, with their preference for combining online and in-person experiences, are reshaping how we think about retail spaces. This shift excites me as it fosters innovation and reinvention.
Leisure and food sectors have shown remarkable resilience, even in the face of cost-of-living pressures. I feel this demonstrates the strength and adaptability of these industries and their ability to contribute to economic recovery and growth.
Sustainability is something I feel passionately about, and it’s becoming an ever more critical focus for consumers and businesses alike. At TCS, we are committed to reducing environmental impact through energy-efficient buildings, better waste management, and expanded EV charging infrastructure. I believe these efforts not only meet today’s expectations, but also lay the foundation for a greener, more sustainable future.
Despite the uncertainties that come with political and economic change, I am confident that the property market will continue to adapt and thrive. With a willingness to embrace innovation and change, we are well-positioned to navigate the road ahead.
Here’s to a successful and sustainable 2025.
