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Old October 25th, 2014, 01:27 PM   #1741
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From propertymall.com

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The application was approved on 28 May 2008. In July 2011 the proposed height was increased by seven metres to 172 metres.
It's been said that it's meant to reach the height of the 'shoulders' of Tower 42. I think there was an earlier design that was taller, subsequently reduced, and then pushed back up a little to 172m.
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Old October 25th, 2014, 01:39 PM   #1742
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Thats the Heron Towers solar panels f*cked then
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Old October 25th, 2014, 04:15 PM   #1743
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Glad they're building something there, as the gap/hole that is there currently (along with the pinnacle site) makes Bishopsgate pretty ugly. It's a shame it's not a bit taller (over 200m would give it more soar and presence) and it's a shame that the lower building's roof is not a bit greener with some sort of roof terrace/trees and maybe a restaurant or bar a la Coq d'Argent at 1 Poultry rather than ugly a/c vents and structures.
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Old October 25th, 2014, 06:51 PM   #1744
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Quote:
Originally Posted by gegloma01 View Post
40 Leadenhall is still in the planning process. Heron Plaza is not confirmed for construction.
52 Lime Street, Principal Tower, and 100 Bishopgate are confirmed for construction.
Is Principal Tower confirmed?
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Old October 25th, 2014, 07:23 PM   #1745
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Quote:
Originally Posted by tigerman View Post
Is Principal Tower confirmed?
Yes.
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Old October 26th, 2014, 01:01 AM   #1746
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Looks like they're doing top-down construction to save time, just like the Shard
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Old October 26th, 2014, 02:57 AM   #1747
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Quote:
Originally Posted by onerob View Post
From propertymall.com



It's been said that it's meant to reach the height of the 'shoulders' of Tower 42. I think there was an earlier design that was taller, subsequently reduced, and then pushed back up a little to 172m.
Really? Are there more details of the original version?
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Old October 26th, 2014, 06:01 PM   #1748
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Quote:
Originally Posted by aphw View Post
Really? Are there more details of the original version?
I'm only going by memory, to be fair. I think the overall design has remained consistent, with height being the only aspect subject to tweaking.
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Old October 27th, 2014, 03:44 PM   #1749
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Quote:
Originally Posted by Storeys View Post
The 40 Leadenhall thread says 'Demo'. Though I'm not sure it's right or not as there has been some confusion as to whether the scaffolding is demolotion scaffolding.

No such demolition as I observed yesterday. Buildings still occupied and very much alive. If this goes ahead cannot see demo starting for at least a year. But the site next door is well into demolition with the 'beloved' Fenchurch Street building about to disappear for good.
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Old October 28th, 2014, 12:12 AM   #1750
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I noticed a digger on the site tonight, but I think it may have been there for a while so might not mean anything
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Old October 28th, 2014, 02:55 AM   #1751
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Brookfield seem confident about market conditions at the moment. They've arrived at a 100% let for 99 Bishopsgate.

From costar.co.uk

Quote:
Martin Jepson, president and COO of Brookfield’s European office division said: “The exceptional progress that we have made in the last 12 months gives us every confidence of achieving further success in future at our remaining properties at 100 Bishopsgate and Two London Wall Place which represent an outstanding opportunity for tenants looking for brand new, prime office space in the heart of the City.”
Quote:
“Stronger rental growth is expected over the coming 12 months and we are well positioned to take advantage of this with our available schemes at 100 Bishopsgate and Two London Wall Place, particularly as the City core continues to grab back the headlines.”
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Old October 28th, 2014, 01:53 PM   #1752
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From: http://www.freeofficefinder.com/news...est-build-ever
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Brookfield is a global asset management company with headquarters in New York. As of June 2014, the company is said to have over $200 billion in assets. This will go some way to explaining how the business can pour money into what will become one of the biggest office builds in London’s history. 900,00 sq ft of office space will be created at 100 Bishopsgate tower in the City. The build is set to be completed in late 2017 or early 2018.

Once the City of London has given approval and signed off the plans work will begin to take place. Initial construction will take place on underground infrastructure and the pilings. Nearly 90% of the forty storey office scheme is owned by Brookfield, whereas 12.5% is looked after by Great Portland Estates.
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Old October 28th, 2014, 04:05 PM   #1753
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Great to see this finally progressing to construction, big hole in the city sky will be filled
NOW come on PINNACLE get your skates on, before you miss the boat again
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Old October 28th, 2014, 08:23 PM   #1754
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Quote:
Originally Posted by ismail View Post
Great to see this finally progressing to construction, big hole in the city sky will be filled
NOW come on PINNACLE get your skates on, before you miss the boat again
All that dampens my optimism about 100BG is the lesson learned from elsewhere on Bishopsgate. The news from the horse's mouth may be very good indeed, but a certain healthy scepticism is still justifiable.

Of course, this attitude would change once pre-lets are agreed, as is the case with the Scalpel, or if the point of no return is passed during construction, as happened with 20FC.
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Old November 11th, 2014, 02:25 PM   #1755
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Confirmation that Brookfield has taken 100% ownership of the scheme. From PW today:

Brookfield buys GPE’s 100 Bishopsgate stake
11 November 2014 | By David Parsley

Brookfield Multiplex has snapped up the final 12.5% it does not already own in one of the City of London’s most anticipated schemes at 100 Bishopsgate, Property Week can reveal.


Great Portland Estates (GPE) is expected to announce it has completed its exit from the scheme in its half-year results on Thursday morning.

GPE originally held 50% of the scheme until Brookfield upped its stake to 87.5% following a deal to buy 37.5% from GPE for £47.2m in October 2012. Brookfield will pay £15.74m for the last remaining 12.5%, following GPE’s decision to exercise its “put” option to dispose of its holding in the 900,000 sq ft development.

Confidence in the scheme, which has been in the pipeline for almost a decade, is growing, and Brookfield is understood to be in the early stages of negotiations with a number of organisations to secure significant pre-lets.

The scheme is expected to be ready for occupancy by late 2017 or early 2018 as work has now commenced on pilings and below-ground infrastructure at the 40-storey office scheme.

Brookfield is, according to those close to the project, working on an updated, more efficient design for the skyscraper, and a refocussed lettings strategy aimed at attracting a wider range of potential tenants.

A source close to the scheme said: “The original planning consent of 2005 was given in a vastly different world to which we find ourselves today. A lot of work has been done during the course of this year, and the building is, as a result, attractive to not just one major anchor tenant, but to multiple tenants. It’s a fundamental change to the scheme, and a vastly different letting model to the one that, back in 2005, was aimed at the banking factories.”

The group is also considering building the five-storey podium section of the development, before securing pre-lets on the 172m tower. The podium element will provide two entrances to the building, one facing Bishopsgate and one secluded entrance on St Helen’s Place. Each floor in the podium will cover a 44,000 sq ft floorplate, but will be adaptable to the creation of a large atrium, or could house up to 1,000 city traders across the four raised floors.

The scheme has been the subject of several rumours over the years, with Deutsche Bank being linked to a huge pre-let on the building for several months, but the German bank is now understood to have cancelled its requirement. M&G Investments also considered the scheme, but at the beginning of this year plumped for a 323,000 sq ft pre-let at 120 Fenchurch Street, kickstarting Generali and Greycoat Core’s development of 430,500 sq ft scheme.

Brookfield is understood to be basing the lettings strategy on its experience with a similar sized project in Toronto, Canada. Brookfield has agreed a 420,000 sq ft deal with professional services firm Deloitte at Brookfield Place, the 1m sq ft tower Bay Adelaide East office scheme in Toronto, and the group will reveal the flexibility of space in this building has led to a tweak to the design at 100 Bishopsgate.

Brookfield believes the shift in design, following what it achieved Brookfield Place in Toronto, will ensure the building attracts a wider range of potential occupiers, away from what was considered a previous focus on the banking sector. Sources close to the scheme confirmed to Property Week the new design, which is also more energy efficient, will attract tenants from the professional services and insurance sectors, as well as providing space for a banking firm.

The leasing team on the scheme is now targeting a multi-let strategy with tenants taking from 200,000 sq ft to 400,000 sq ft.

Neither Brookfield or GPE were available for comment.




Real shame that DB have cancelled their requirement for a mega-HQ, preferring to remain in an assortment of smaller blocks. Can't imagine they follow this strategy in New York, Sydney, Paris..


And how typical that the low rise element is being considered for a Phase 1 build..only in London
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Old November 11th, 2014, 03:51 PM   #1756
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I am not sure to understand. Brookfield is working on a re-design and is planning to build the podium only before securing a pre let for the tower. Correct?
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Old November 11th, 2014, 04:11 PM   #1757
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Sounds like an internal re-configuring to appeal to multiple tennants, as opposed to a single large tennant as was originally designed, rather than a total redesign.
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Old November 11th, 2014, 05:07 PM   #1758
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Quote "The scheme is expected to be ready for occupation in late 2017 or early 2018" - this doesn't leave much spare room for completion by the said date if they intend to go ahead with the low rise elements before the main tower - why would they consider the low rise and not do the entire project at the same time? I can see those dates slipping.

I imagine the change in design is for internal structure and not the external appearance - I hope so; any change in the design of the outside structure would delay completion well beyond their timescale of early 2018 and it's rendered appearance is good.
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Old November 11th, 2014, 11:01 PM   #1759
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So what's go to happen now? Food market is still there tho.
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Old November 14th, 2014, 03:08 PM   #1760
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On their twitter page today

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Bishopsgate Market @Bishopsgatemkt · 6 minutes ago

Come join us today for the last ever @Bishopsgatemkt market at 100 Bishopsgate serving till 2.15pm
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