LONDON | One Blackfriars | 163m | 52 fl | Prep

[Blue Flame]

I repeat, if work started imeedietly over a year ago, there should be something on site now, so can we get a picture of the site? Thanks.

[chest]

[REAPER666 94]

This could be the next strata! It also looks like it will compliment the shard well as its only a little further down the river.

[Jex7844]

So strange to see (at last) some 'activity' on Beetham's site...I used to be so frustrated when driving past it (a couple of years ago), was some sort of mini rain forest...

Can you tell us what the machine is for Chest please? I really can't wait for the Boomerang to start.

Many thanks for the update .

[chest]

sorry Jex, no idea what the machine is.

[tonyoz]

lol A-Team there billboard maybe spy you

[erniaz]

In general, I am very pleased and surprised architecture of London! Especially love to look at the design of doors and windows of different buildings and offices. I like the windows with a vertical opening or lifting, it is very convenient for both office and home or apartment. But the most beautiful buildings and structures are located in Berlin - the most pure and cultural city of Europe. I want very much to the architects of Astana, the capital of Kazakhstan, on the experience of developed cities, where can combine aesthetics, comfort and quality.

[Jex7844]

No pb Chest, at least there's a machine on the site, that's a good beginning...

Thanks anyway!

[Supertall Robbo]

when is this expected to start?

[Jex7844]

Tuesday, 19 October 2010

The Royal Bank of Scotland has put the Beetham London Tower development scheme into administration after talks broke down between the bank and the Russian owners. The 52 storey South Bank tower will feature 64 luxury apartments and a 261-bedroom Jumeirah hotel.

The scheme has an £80m loan secured against it. In a statement Beetham said; “Beetham anticipate taking the project out of administration very shortly in association with new investors. If the opportunity comes to the market, it will be marketed internationally at the beginning of 2011, with Knight Frank on behalf of Beetham/Mirax and CBRE acting for RBS. Bids in excess of £150m are expected.”

One the same day as the announcement of the administration building has started on the "walkie talkie" development at Fenchurch Street. This is expected to cost some £500m to build!

http://companyrescue.blogspot.com/20...don-tower.html

I'm fairly sure the amazing Boomerang will be launched next year...

[Newcastle Guy]

I certainly hope so. I think this would be a great addition.

[Attitudelad]

The London Evening Standard recently reported that this project may still go ahead if the financial situation regarding the Russian backers can be solved and a UK bank permits a loan. They tentatively mentioned an autumn 2011 schedule. Sorry for lack of detail, but I read the article about a month ago and I've only just joined on here so the fine details allude me. It was encouraging though, so fingers crossed.

[PortoNuts]

Found this, from 23rd March:

Mace on tenterhooks over Beetham Tower rescue

Mace bosses are hoping that that the original developer of the delayed £600m Beetham Tower on London’s South Bank will rescue the scheme from administration.

The Enquirer understands that developer the Beetham Organisation is racing to beat a deadline later this month to take the site back from administrators at BDO. Mace is believed to be in the box-seat to win the job if Beetham is successful.

The project to build a 52-storey tower was put into administration by bankers RBS last October when Beetham fell out with its Russian development partners

But Beetham wants to get the job going again and is hoping to beat off rivals for the scheme and seal a deal by the end of this month. A spokeswoman for administrator BDO told the Enquirer: “Negotiations with interested parties are ongoing”.

She declined to name bidders or confirm any timescale for a deal. The site has planing consent for a 52-storey skyscraper containing 64 luxury apartments and a 261-bedroom hotel.

One contractor said: “This will be great news for the industry if this scheme gets going again and the word is that Beetham will go with Mace if they gain control of the project again.”

http://www.constructionenquirer.com/...-tower-rescue/

[Attitudelad]

That's the article I was trying to remember. Thanks

[Gendo]

It looks better at the shorter height. It should be a nice addition to that part of the city.

[BG_PATRIOT]

Originally Posted by Attitudelad

The London Evening Standard recently reported that this project may still go ahead if the financial situation regarding the Russian backers can be solved and a UK bank permits a loan.

For those interested, the Russian company (MIRAX) has changed its name to Nazvanie Group.

They still have kept the Beetham project under their banner, as well as the Hermitage Towers in Paris.

We will see what comes out.

[moustache]

Original and stunning design ! Clading seems to be perfect and very detailed !

[BG_PATRIOT]

Sergei Polonsky in talks with London Bridge ‘shard’ developer for One Blackfriars

Sergei Polonsky, the controversial Russian billionaire with a fortune of $4.35 billion and ranked Russia’s 40th richest person by Forbes magazine in 2008, is negotiating with British property developer Irvine Sellar to buy the 52 storey tower One Blackfriars. Located near the Tate Modern gallery in London, the tower has 64 luxury apartments and a 261 bedroom hotel. The scheme was developed by Liverpool based developer Beetham Organisation and Mr. Polonsky’s Mirax Group.

Two more London based developers, St George and Essential Land, are also understood to be in competition for the development. Although no details for bid prices were available, the upper ceiling has been fixed at £150 million by Beetham, sources said.

Irvine Sellar’s latest move to acquire One Blackfriars comes as his another landmark property – the Shard, located behind London Bridge station and measuring over 1,000 ft, approaches completion.

Originally planned at 220 meters and 60 storeys, One Blackfriars (also known as Mirax-Beetham Towers) was later scaled down after facing opposition from the heritage lobby, the Royal Park authority and neighbouring Westminster council.

It may be recollected here that the maverick Russian chairman of the Mirax group had announced in March that the group has decided to “shut down the Mirax brand”. Mr. Polonsky had cheekily announced “I’m not a businessman anymore,” though he quickly added that the company will honour all its obligations and after the brand’s liquidation, all other projects would be developed under different brand names. Some of its projects under development were taken over by creditors, including the tallest European skyscraper, the 506 meter (1,660 ft) Federation Tower in Moscow’s new financial district. The state run OAO Sberbank, a prominent Mirax creditor, decided to complete the Federation Tower project. A Sberbank official later confirmed that the Mirax board’s decision to liquidate the brand would not impact the bank’s interest in the Moscow Federation Tower project.

Other projects in Moscow that Mirax was obliged to complete included the fifth building of the Mirax-Park residential complex, the Kutuzovskaya Milya project, including the Fort Kutuzov Tower, the Wellhouse na Dubrovke residential complex, parking garages in the Kutuzov Riviera complex and a handful of projects in the Wellhouse na Leninskom residential complex.
Mirax Group has been struggling with its finances for some time now. In 2008 after the financial crisis had struck, Polonsky was the first Russian developer to cancel future development projects due to fund crunch.

In August 2009, The Federation Tower and Mirax Plaza complexes were seized after an arbitrage proceeding went against the company and favoured Alfa-bank’s $241 million unpaid debt. In September of that year, the company managed to convince the bank and the outstanding debts were restructured.
In May 2010, Mirax technically defaulted on Alfa-bank’s loan and total outstanding liabilities for the group were calculated at $593 million, as on beginning of March 2011. Of this figure, $307 million were CLNs, $203 million loans, $83 million rouble denominated bonds, news agency RIA Novosti had reported.

http://www.bsr-russia.com/en/propert...ackfriars.html

[LondonFox]

Originally Posted by erniaz

But the most beautiful buildings and structures are located in Berlin - the most pure and cultural city of Europe..

[Supertall Robbo]

The biggest fear I have from this is the amount of buildings that it will block when on the london eye.