LONDON | 100 Bishopsgate | 172m | 40 fl | Prep

[PortoNuts]

Right next to Heron Tower.

by gegloma01.

image hosted on flickr

[chjbolton]

[PortoNuts]

Great Portland enters into City development joint venture

Propertyweek
11:35 | 31.03.10

By Deirdre Hipwell

Great Portland Estates has sold a 50% interest in its 100 Bishopsgate development in the City of London to Canada’s Brookfield Properties for £42.97m.

The partnership is a 50:50 joint venture between Great Portland and Brookfield and all income and expenditure will be shared equally. The acquisition price for Brookfield’s 50% stake implies a valuation for the whole of £85.95m, which equates to CB Richard Ellis’ 31 March 2010 valuation. The current rental income is £7.4m a year.

Brookfield will pay the £42.975m in cash on completion with the proceeds to be used for general corporate purposes. The joint venture will hold all of Great Portland Estate’s Bishopsgate properties which form the 100 Bishopsgate development.

The 2-acre site has consent, achieved in May 2008, for a 40-storey building providing 770,000 sq ft of office space, retail and a public library. There will be a second building of 49,600 sq ft containing offices and a new Livery Hall for The Worshipful Company of Leathersellers.

The JV said it intended to prepare the scheme for a potential start date in 2011/12 subject to a variety of partner approvals. Brookfield will act as a development manager to the partnership and has also entered a pre-construction services agreement to act as the main contractor for the development. Great Portland Estates will continue to act as both property and asset manager.

[PortoNuts]

[Vormek]

WOOOW! It looks amazing! LONDON IS BOOMING!

[PortoNuts]

Demolition should she about to start.

by The Champ.

[Eric Offereins]

A good filler, not really spectacular.

[PortoNuts]

Pics above already confirmed this.

Demolition Starts On 100 Bishopsgate Site

Demolition has started to clear the site of the future skyscraper, 100 Bishopsgate, in the City of London.



Demolition specialists Keltbray are now on site and have started to demolish the existing buildings as part of the first step of preparation that will eventually allow construction of the 165 metre tall, Allies and Morrison designed building.

The project is being worked on as a joint venture by property companies Brookfield and Great Portland Estates. Despite the seemingly encouraging signs, construction might take a while to get underway. Great Portland Estates has already announced that they have no intention to build speculatively as the Heron Tower has been, and that they will await a pre-let before going ahead.

They have also been seeking to maximise their return from the development with a planning application to increase the total space on site from 75,715 square metres to 85,935 by modifying the planned lower rise parts of the project to increase the floorspace they can accommodate.

What this does mean that when the time comes, the developers will have a project that has been tweaked to fit the current economic climate, rather than the boom era of 2007, and will be able to begin work rapidly once it becomes apparent they have a tenant.

In the meantime Great Portland Estates will continue to push ahead with the construction of 240 Blackfriars Road, whilst other towers in the City of London start to rise such as the Pinnacle, 20 Fenchurch Street and the Leadenhall Building.

http://www.skyscrapernews.com/news.php?ref=2845

[PortoNuts]

Work begins at 100 Bishopsgate site

Demolition experts Keltbray have begun work on the site of 100 Bishopsgate to make way for the construction of new office space in the City of London, just across the road from the recently completed Heron Tower.

Existing buildings are being demolished in phase one of a project which will result in a 1,176 ft high office tower designed by Allies and Morrison for joint venture Brookfield and Great Portland Estates. The property companies will not be going ahead with construction straight away however, and are seeking a pre-let in order to proceed, unwilling to develop speculatively despite predictions that the City is facing a shortage of Grade A accommodation over the next few years.

100 Bishopsgate is a mixed-use development providing 825,000 sq ft of net lettable space in three new buildings, including a forty-storey tower within the emerging cluster of tall buildings in the City. The scheme comprises office space, trading floors, a new Livery Hall for the Leathersellers' Company, a public library and retail space.

A new public square will be created at the heart of the site, with new routes drawn across it. The form of the tower component, generated by the transition from a parallelogram at its base to a rectangle at its top, resolves the complex geometries of the site and context. In combination with contrasting facade textures and articulated junctions repeated rotationally around the building, this transition in form lends the tower a distinctive twisting dynamic.

http://www.freeofficesearch.co.uk/Of...y-Office-Tower

[SkyscraperSuperman]

Originally Posted by PortoNuts

Existing buildings are being demolished in phase one of a project which will result in a 1,176 ft high office tower designed by Allies and Morrison for joint venture Brookfield and Great Portland Estates.

I think they might have got the height just a little bit wrong. 1,176ft is 358m, that's taller than the Shard!!!

[SO143]

Demolition work on the site of the existing structure at 100 Bishopsgate, London has commenced in preparation for the construction of a 1176 feet high office tower

100 Bishopsgate office tower development begins in London.



The tower is designed by British architectural practice Allies and Morrison and is being developed by a joint venture between Brookfield and Great Portland Estates. Demolition work is being executed by Keltbray.

The 100 Bishopsgate development will consist of three buildings in all including the 40-storey, 1176 feet tall tower. The buildings will consist of 825,000 square feet of net lettable space including office space, trading floors, a new Livery Hall for the Leathersellers’ Company, a public library and retail space.

The tower has been designed in the form of a parallelogram at the base that rises to a rectangle at the top to overcome the complex geometries of the location. The building features contrasting façade textures and articulated junctions repeated rotationally around the building, with the transition adding a twisting dynamic to the building. A new public square will also be created at the heart of the site with new routes drawn across.



Demolition experts Keltbray have begun work on the site of 100 Bishopsgate to make way for the construction of new office space in the City of London, just across the road from the recently completed Heron Tower.

Existing buildings are being demolished in phase one of a project which will result in a 1,176 ft high office tower designed by Allies and Morrison for joint venture Brookfield and Great Portland Estates.

The property companies will not be going ahead with construction straight away however, and are seeking a pre-let in order to proceed, unwilling to develop speculatively despite predictions that the City is facing a shortage of Grade A accommodation over the next few years.

100 Bishopsgate is a mixed-use development providing 825,000 sq ft of net lettable space in three new buildings, including a forty-storey tower within the emerging cluster of tall buildings in the City. The scheme comprises office space, trading floors, a new Livery Hall for the Leathersellers' Company, a public library and retail space.

A new public square will be created at the heart of the site, with new routes drawn across it. The form of the tower component, generated by the transition from a parallelogram at its base to a rectangle at its top, resolves the complex geometries of the site and context. In combination with contrasting facade textures and articulated junctions repeated rotationally around the building, this transition in form lends the tower a distinctive twisting dynamic.

http://www.worldinteriordesignnetwor...london_110516/

[BodgeJob1]

"The 100 Bishopsgate development will consist of three buildings in all including the 40-storey, 1176 feet tall tower. "



Lol...stupid journalists....London has a new supertall, and nobody knew...

[Ni3lS]

Would've been nice on that height though. Now it looks kinda fat.

[SO143]

Originally Posted by BodgeJob1

Lol...stupid journalists....London has a new supertall, and nobody knew...

Indeed plus this tower has such terrible architecture and it is not even suitable with The City where the towers should be iconic and their quality should be world class as well. Total disappointment

[brossa]

I like it more than the heron ... however ... just another glass building which I'm not a huge fan of lol.

I'd like to see a tower185 kind of building in the city one day

[PortoNuts]

Originally Posted by SO143

Indeed plus this tower has such terrible architecture and it is not even suitable with The City where the towers should be iconic and their quality should be world class as well. Total disappointment

I wouldn't be so fast in saying this tower has terrible architecture. None of the renders is very clear.

[SO143]

Originally Posted by PortoNuts

I wouldn't be so fast in saying this tower has terrible architecture. None of the renders is very clear.

Not one of the best renders but i hope this will give you the idea of how this ugly tower will ruin The City skyline

image hosted on flickr

[RobertWalpole]

Why is this so short? To my knowledge, London does not have height limits like NY associated with each parcel of land. While a 300m tower might not have received planning permission, one would have thought that a 250m tower might have.

[PortoNuts]

Originally Posted by SO143

Not one of the best renders but i hope this will give you the idea of how this ugly tower will ruin The City skyline

I don't agree with that at all, but it's okay.

[Jim856796]

Originally Posted by BodgeJob1

"The 100 Bishopsgate development will consist of three buildings in all including the 40-storey, 1176 feet tall tower.

What are those journalists smoking? The height of the tower is 165 metres. If I had a tower like that, it would have been 176 metres.