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Conversions threaten jobs
OFFICE-to-residential conversions could “irreparably” lead to thousands of job losses in the heart of central London, the Westminster Property Association (WPA) warned yesterday.
The White Paper published by the WPA has found that Westminster has lost enough office space for 78,000 workers as a result of the government relaxing rules on the conversion of offices into homes.
The borough currently accounts for 14 per cent of all London jobs.