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Old May 6th, 2011, 05:57 PM   #1461
lumberjack
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Quote:
Originally Posted by Floridante View Post
Does no one on this thread listen? Though financing has been agreed, work will not resume until the developers secure some tenants. I work in the building next door and our facilities management attend regular meetings with the developers. Work will not resume for another month or so - Fact.
Thanks for the update...
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Old May 6th, 2011, 09:33 PM   #1462
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by Benroberta.

[IMG]http://i54.************/2ymgac4.jpg[/IMG]

[IMG]http://i54.************/672xyo.jpg[/IMG]
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Old May 6th, 2011, 11:34 PM   #1463
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After this huge object and the Shard will be completed I must visit London again. It'll be a different place then!
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Old May 6th, 2011, 11:47 PM   #1464
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Just some renders of The Pinnacle from Parliament Hill

image hosted on flickr

source

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Old May 7th, 2011, 07:21 PM   #1465
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No it wasnt early 2007
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Old May 8th, 2011, 03:40 AM   #1466
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City towers on the rise…but not fast enough


As the Shard rises over the London skyline, it might seem to passers by that the UK capital will not be running out of office space any time soon. But a new survey indicates that, though developers are gradually rediscovering their appetite for new projects, they are not doing so at a sufficient pace to keep up with demand from the City's financial industry.




The London Offices Crane Survey, compiled by Drivers Jonas Deloitte on a biannual basis, is a key indicator of confidence among real estate developers, as well as for predicting future office supply

Its survey for summer 2011, released this week, revealed a substantial increase in new building projects – the first for three years – with 25 new schemes having gotten underway in the past six months. In total, 6.4 million sq ft of office space is now under construction across London.

With levels having dropped rapidly over the past three surveys – reaching a record low of 2.7 million sq ft six months ago – this, the report concludes, is a “dramatic positive change in developer sentiment”.

Critically, there have been five new builds in the City of London itself, the first new activity in the square mile for 18 months.

A total of 2.8 million sq ft is now under construction in London’s traditional financial district, with 80% of that space being created in just three large projects – 20 Fenchurch Street, The Pinnacle, and The Leadenhall Building.

Anthony Duggan, head of research at Drivers Jonas Deloitte, said that he believed developers’ confidence was justified, as “the London office market continued to outstrip its global competitors in terms of its power as a financial centre and a haven for foreign wealth”.

A report from BNP Paribas Real Estate, published last month, predicted banks and financial services firms would add 11,000 employees in London over the next three years. The French bank’s real estate arm predicted they would require 1.6m sq ft of new office space by 2014.

While the Crane Survey indicates 2014 itself will see a rash of completions, it warns that there will be a shortage of space over the next two years.

At present, only 120,000 sq ft of new space is slated for 2012 – and nothing at all is planned to become available in 2013.

As a result, Drivers Jonas Deloitte expects rents to continue to rise over the next two years as occupiers are forced to compete for the reduced supply of top quality office space.

CB Richard Ellis echoed this view, predicting that prime office rents would reach a peak in 2014, at which point they would meet increased supply from the new development cycle.

Speaking in London yesterday, Peter Damesick, chief economist of the CBRE’s Emea operations, added that the “historic low” for completions next year would be the key driver in generating this recovery in rents.

Duggan said that a “window of opportunity” still exists for developers to bring up to 1.2 million sq ft online by 2013. The race is on, he says, for developers to complete and take advantage of the predicted spike in rents.

However, despite these optimistic reports from the industry, developers may not wish to jump through that window too enthusiastically.

As Alan Carter, chief executive of Evolution Securities wrote in Financial News last week, rent levels in the City of London have barely moved for the past 25 years.

Given the sharp rates of depreciation suffered by new office buildings in the UK’s financial centre – with rent per sq ft worth little over half its original value after 20 years, according to Carter’s figures – developers would do well to pick and chose new projects carefully.
http://www.efinancialnews.com/story/...dlines-home-IB

Last edited by SO143; May 8th, 2011 at 03:49 AM.
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Old May 8th, 2011, 02:19 PM   #1467
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Quote:
Originally Posted by Floridante View Post
Does no one on this thread listen? Though financing has been agreed, work will not resume until the developers secure some tenants. I work in the building next door and our facilities management attend regular meetings with the developers. Work will not resume for another month or so - Fact.
So they mere did preparatory work so that construction can occur quickly once they get a tenant? If that's the case, this could be on hold for years. I wonder if the status is the same with 122 Leadenhall and the Walkie Talkie.
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Old May 10th, 2011, 04:48 PM   #1468
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Old May 10th, 2011, 05:42 PM   #1469
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WOW!!! was a big fave of mine and will always be ..

Compliments aside: I see so many symbols and symbolism in architecture these days in many cities around the world, the Pyramids!!! modern Pyramids ... they look lovely ...
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Old May 13th, 2011, 02:44 AM   #1470
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The Pinnacle is a true break from London's skyscraper style. I think it has more of a 'Middle East look' than any other tower.
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Old May 13th, 2011, 04:16 AM   #1471
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That video shows that London will soon epitomize quality over quantity. I would expect nothing else from London, soon to be my favorite in Europe.
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Old May 13th, 2011, 06:37 PM   #1472
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OK, The iconic Pinnacle is not here yet, but i hope these pictures will give you the idea of how U/C quality skyscrapers will transform Thy City skyline to another superior level.

image hosted on flickr

london balloon flight 062 by dpe74, on Flickr

Last edited by SO143; May 15th, 2011 at 08:24 AM.
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Old May 14th, 2011, 04:37 PM   #1473
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by cybertect.











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Old May 30th, 2011, 08:13 PM   #1474
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is there any progress or news with this tower cos nought written for over 2 weeks?
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Old May 30th, 2011, 08:22 PM   #1475
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it should be changed to on hold.
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Old June 2nd, 2011, 08:47 PM   #1476
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what biulding looks amazing ?? cant be this one ,not yet anyway.
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Old June 2nd, 2011, 09:23 PM   #1477
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Quote:
Originally Posted by Pfeuffer View Post
it should be changed to on hold.

You would just love that wouldn't you.
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Old June 2nd, 2011, 11:10 PM   #1478
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certainly not. are you mad? I love it.
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Old June 4th, 2011, 02:01 PM   #1479
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Seriously, does ANYone have the slightest idea/info about what is (not) going on there?! I'm getting slightly nervous now...
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Old June 16th, 2011, 02:26 PM   #1480
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Unfortunately still no activity on the site:
photos taken by me

image hosted on flickr

DSC01391 by DJM160190, on Flickr

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DSC01393 by DJM160190, on Flickr

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DSC01395 by DJM160190, on Flickr
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