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Old April 11th, 2011, 08:01 PM   #2261
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Caithness Petroleum expands at Mayfair offices

Independent oil & gas exploration company, Caithness Petroleum, has recently expanded its office space in Mayfair with the take up of an additional suite on the same floor as its existing offices at Clarebell House, 5-6Cork Street, W1.

Property advisers The Lorenz Consultancy negotiated the deal on behalf of existing client Caithness.

The additional accommodation is in a rear suite on the second floor of the property and comprises 1,807 sq ft. Lorenz successfully negotiated a new lease to expire in January 2015 at a rent of £54,210 per annum (£30.00 per sq ft) exclusive with an 8 month rent free period subject to removing the Tenant only break option from the existing lease on the front space and extending the lease to run co-terminus with the new lease until January 2015.
http://www.freeofficesearch.co.uk/Of...ayfair-Offices

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Digital media firm takes up new West End offices

Digital media company Civolution UK is moving to new office space in the West End of London at 39-45 Shaftsbury Avenue, W1.

Joint agents for the scheme, The Lorenz Consultancy and Susan Earl Commercial were instructed by landlord Delfont Mackintosh in November 2010 to market the 1,676 sq ft of office accommodation on the 2nd floor of the property, which resulted in the letting to Civolution at a rent of £23.50 per sq ft exclusive for a term expiring 23rd June 2014, subject to an initial rent free period.

The refurbished media style offices are centrally located with a separate Wardour Street entrance. Civolution will relocate from existing office space in Covent Garden.

Civolution is a leading provider of technology and solutions for identifying, managing and monetizing media content. The company offers an extensive portfolio of cutting edge watermarking and fingerprinting technology applications for audience measurement and forensic marking of media assets.
http://www.freeofficesearch.co.uk/Of...st-End-Offices
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Old April 11th, 2011, 10:34 PM   #2262
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South Bank

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In 1994 the practice won an international competition to revitalise the area surrounding the South Bank Arts Centre, a complex of post-war arts buildings adjacent to Leslie Martin’s Royal Festival Hall. The site is bounded by Waterloo and Hungerford bridges and close to Denys Lasdun’s National Theatre. The complex is notorious for the poor quality of its public spaces - overhead concrete walkways and empty terraces are exposed to wind and rain. The principal design objective of the practice’s winning scheme was to integrate the South Bank Centre into the heart of London life - opening up the centre to the river, reconstructing a pedestrian link on Hungerford Bridge, improving connections to Waterloo and upgrading performance and visitor facilities.

The scheme envisaged a complete regeneration of the site including the renovation of the listed Royal Festival Hall. Key to the proposal was a bold architectural gesture – a crystal palace which paid homage to Paxton’s earlier essay for the Great Exhibition of 1851. This great wave of glass and steel sheltering the Hayward Gallery, the Queen Elizabeth Hall and the Purcell Room was designed to have a marked regenerative impact on the wider South Bank neighbourhood, just as the Centre Pompidou enlivened and transformed the surrounding Marais district. The vast roof would give a unified architectural expression to the disparate buildings while increasing usable area by 300%; the undulating forms of this vast canopy would also assist patterns of air, driving ventilation throughout the non-air-conditioned volume. The bulk of the proposal however, addressed the complexities of improved access to and support of existing venues, the expansion of new informal performance areas which would attract a far wider audience and ancillary spaces to support this - retail areas, cafés, restaurants etc.

In the end, despite grants in excess of £10 million, the Arts Council could not agree on a strategy for the arts centre as a whole and the project was abandoned. In the decade following RRP's proposals for the South Bank various schemes, including the refurbishment of the Royal Festival Hall and the Hungerford pedestrian bridge, have resulted in a significant revitalisation of the South Bank as a major cultural focus for London.

“This scheme is about reinvigorating London’s centre for the performing arts, integrating it with its neighbourhood and the West End, and creating a venue which attracts a wider audience and is financially self-supporting.” Ivan Harbour
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Old April 12th, 2011, 12:01 AM   #2263
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^ That's just cruel to post that.
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Old April 13th, 2011, 06:43 AM   #2264
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London’s West End Rents Surge as Retailers Seek European Growth

International retailers such as Kate Spade and Forever 21 Inc. are competing for prime space in London’s West End, pushing rents to new highs as landlords elsewhere in the U.K. struggle with mounting vacancies.

Rents on Oxford Street, Bond Street and Regent Street, central London’s premier retail locations, rose as much as 20 percent last year, Colliers International estimates. That compares with gains of up to 17 percent on Avenue des Champs- Elysees in Paris, Hong Kong’s Russell Street and Fifth Avenue in New York, the other three members of the world’s “retail super league,” the broker said.

London has the highest proportion of international retailers of any city in the world because it serves as a base for expanding in Europe, CB Richard Ellis Group Inc. (CBG) said. Companies are jostling for outlets to prepare for an eventual recovery of the continent’s economies and the influx next year of hundreds of thousands of visitors for the Summer Olympic Games, brokers said.

“I have a number of clients saying they have to have a shop open in time for the Olympics, so it’s focusing people’s minds,” said Peter Mace, a partner in charge of London retail leasing at broker Cushman & Wakefield Inc. “Any deal done now on a new lease is at a record, for prime and secondary locations. I have never known such limited supply.”

Retailers establishing or strengthening their London presence in the past 12 months include Apple Inc. (AAPL), Prada SpA’s Miu Miu, Barcelona-based Desigual, Limited Brands Inc.’s Victoria’s Secret, Forever 21, Liz Claiborne Inc. (LIZ)’s Kate Spade, VF Corp. (VFC)’s 7 For All Mankind, Polo Ralph Lauren Corp. (RL)’s Rugby, Missoni SpA and German outdoor-clothing maker Jack Wolfskin.

Zone A Rents

Retail sales in London topped all global cities last year at 64.2 billion pounds ($104 billion) as the weak pound supported tourism, Newark, England-based Centre for Retail Research estimates. Sales on the West End’s three main shopping strips rose 7.3 percent in 2010 compared with the U.K. average of 0.8 percent, data compiled by destination visitor monitor Springboard show.

Zone A rents on Bond Street, the U.K.’s most expensive shopping street, will eventually exceed 1,000 pounds a square foot, said Cushman & Wakefield’s Mace. Zoning retail space is an industry measure derived from actual rents and used to compare leasing costs for different stores. Zone A rent is the cost calculated for the most valuable storefront space.

The highest zone A rent on the street is the 965 pounds that jeweler Piaget, a unit of Compagnie Financiere Richemont SA, agreed to pay in December 2009 for 169 Old Bond Street.

‘Necessary Pill’

Shoe retailer Aldo Group Inc. agreed in February to pay 725 pounds a square foot to open its third Oxford Street store, a new zone A peak for London’s second-most expensive shopping strip.

It was a “tough but necessary pill to swallow,” said Marie-Andree Boutin, vice president of real estate and store planning for the Montreal-based chain, which has 1,500 outlets in 56 countries. Competition for 309 Oxford Street meant Aldo faced losing “the momentum we’ve established in that very location over the past eight years,” Boutin said by e-mail.

Rather than immediately opening in cities across the country, luxury and international retailers usually expand in Britain with one or more stores in London and outlets in a few dominant regional malls, backed up by their websites, according to Mark Burlton, the London-based head of Cushman’s cross-border retail advisory arm for Europe and Asia.

Highest Vacancy Rates

Cities like “Leeds, Nottingham and Manchester will have to wait a long time before they get implantations of these new brands because there’s such a gap with London,” he said.

Towns in the Midlands and northern England account for all 10 highest shop-vacancy rates among the U.K.’s largest urban centers, according to Local Data Company Ltd. in London. Rotherham, near Sheffield, has a vacancy rate of more than 28 percent, a result of its proximity to Meadowhall, Britain’s third-largest mall.

“The strong centers will get stronger and the rest will feel real pain,” said Neil Saunders, head of consulting at Verdict Research Ltd., a London-based data firm specializing in retail. “This is the hangover of the decade-long credit boom that kept consumers spending and resulted in some ill-advised store openings by retailers.”

Prime rents in more than 400 town centers across the U.K. are mostly little changed since June 2010 after a decline of about 13 percent in the preceding 24 months, said Paul Moody, a director of retail at Colliers International in London.

Exploiting Opportunity

That underscores the pressures retailers face across the country as energy and commodity costs climb and shoppers spend less because of rising prices, taxes and unemployment. Among retailers reporting lower sales in the past months are Marks & Spencer Group Plc, Dixons Retail Plc and John Lewis Partnership Plc’s department stores.

As some retailers shut or retrench, newcomers seek to fill the void.

Paris fashion chain Sandro paid more than 700,000 pounds for the lease to 6 Marylebone High Street, off Oxford Street, to the administrator of Descamps SAS, a high-end household- furnishings chain that filed for insolvency. HMV Group Plc (HMV), the book and music retailer that’s closing 60 stores across the U.K. this year, sold its leasehold interest in 360 Oxford Street to Los Angeles-based fashion company Forever 21 in November for about 14 million pounds.

Regent Street Revamp

The rising sums paid for lease surrenders and record rents on new leases reflect efforts by landowners and property companies to attract new and higher-paying tenants, said Anthony Selwyn, director for retail at broker Savills Plc (SVS) in London.

The largest program is the 750 million-pound revamp of Regent Street by Crown Estate, which runs the commercial property originating from the British monarchy’s estates.

Apple opened its first European store there in November 2004, helping Crown Estate attract tenants including Michael Kors, Gap Inc.’s Banana Republic and 7 for All Mankind.

To keep Burberry Group Plc (BRBY) on Regent Street, Crown Estate bought furniture chain Habitat U.K. Ltd.’s lease in January. Burberry also bought LK Bennett’s lease to an adjacent unit last month for an undisclosed amount to create a larger outlet.

“It’s a very exciting time for London,” said Beverley Churchill, a director at Capital & Counties Properties Plc (CAPC) in London who last year helped 36 new and higher-paying tenants to open in Covent Garden, including Apple.

Mount Street

The firm’s appraisers estimated that if new leases were signed for all its real estate at Covent Garden, the deals would generate an additional 12 percent in rental income, Capital & Counties said March 2. The value of the properties appreciated 14 percent to 640 million pounds last year.

The demand has allowed large landowners to improve a district.

Grosvenor Group Ltd., which is owned by the Duke of Westminster’s family trusts, has transformed Mount Street in Mayfair into a center for designer boutiques like Christian Louboutin, Marc Jacobs and Vivienne Westwood.

Zone A rents are around 350 pounds a square foot compared with 95 pounds in 2006, while the cost to buy the lease of a prime unit there exceeds 1 million pounds.

“We are absolutely shocked at the key money changing hands,” said Helen Franks, Grosvenor’s head of commercial and retail leasing in London. Key money is the sum paid to acquire a lease and persuade the existing tenant to move out.

Next Big Thing

Property developers and investors including Almacantar SA, Derwent London Plc (DLN) and Great Portland Estate Plc have targeted the eastern section of Oxford Street as the next big redevelopment area.

The scruffy stretch from Oxford Circus to Tottenham Court Road has a station under construction for Crossrail, the planned train link between Heathrow airport and east London.

Discount fashion retailer Primark Stores Ltd. agreed to open an outlet near the new station being built at Tottenham Court Road in a property being redeveloped by Land Securities Group Plc and Frogmore Real Estate Partners LP.

“Since Primark went in, that part of Oxford Street is on fire,” said David Kenningham, executive director of London retail at CB Richard Ellis.

Not everyone is convinced that West End rents can continue to scale new heights, given the new projects in the pipeline and September’s opening of Europe’s largest urban mall, Westfield Stratford City in east London.

“The benefits of London’s outperformance will be spread more thinly and shoppers’ spend will become more diluted as a result,” said Saunders at research firm Verdict.
http://www.bloomberg.com/news/2011-0...an-growth.html
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Old April 14th, 2011, 02:53 AM   #2265
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London offices in Soho taken up by Lacoste

Lacoste has taken up a ten-year lease on London offices that comprise 6,312 sq ft.

An annual rent of £211,452 is to be paid by Brampton - trading as the designer - it has been reported by Savills.

The new London offices are located on the second floor of the building on Ramillies Street, located in the district of Soho. Before Brampton signed up to the offices, it was considered that the second floor could be split into 3,691 and 1,894 sq ft.

The building provides 18,993 sq ft of space for offices across the second, third, fourth and fifth floors with 24-hour access, a new air conditioning system and plenty of natural light.

Such news comes as London was revealed to be the leading retail city in the world, ahead of destinations such as Hong Kong and Paris, with North American brands particularly keen to be based in the capital, the CB Richard Ellis How Global is the Business of Retail? study found.
http://www.mellersh.co.uk/News.aspx?ArticleId=800497540

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London 'is the world's most popular retail city'

London offices could prove ideal for retailers that want a prestigious UK base, after the country has been named the most international retail market in a new study. And the CB Richard Ellis How Global is the Business of Retail? investigation discovered that London is the most popular city for retail across the globe.

Of the international brands that took part in the survey, 56 per cent chose London as their top destination - although this year it is also joined by Dubai.

London came above other prestigious cities including New York (44.3 per cent) and Paris (43.6 per cent), while Hong Kong followed with a share of 40.6 per cent. The poll also found that North American retailers view London as the most attractive international location to trade in, with 62.7 per cent of those questioned enjoying bases in the UK's capital.

Burberry recently purchased LK Bennett's lease of 115 Regent Street, providing the luxury retailer with 3,500 sq ft of London offices, Property Week reported. It also holds 20,000 sq ft of space at 121-123 Regent Street, which was previously owned by Habitat.
http://www.mellersh.co.uk/News.aspx
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Old April 14th, 2011, 06:31 PM   #2266
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STYLISH ASHTECH FAÇADE FOR LONDON’S STATE-OF-THE-ART METROPOLITAN WORKS

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Perforated AshTech rainscreen cladding panels from Ash & Lacy Building Systems were chosen to clad the walls of the £4.5m Metropolitan Works in London, developed specifically for architects and designers. The centre houses £2m worth of state-of-the-art rapid prototyping and digital manufacturing equipment and is the only industrial resource in the centre of London to combine CAD training, a bureau service and pay and go project workspace.

Designed by Cartwright Pickard Architects and managed by Mansell Construction Services Ltd, the building was conceived as a ‘simple metal box’ reflecting some of the materials used within the centre. Perforated AshTech panels were specified to add dramatic effect to the building and create a sense of movement and life. The unique patterned frieze was designed by local artist, Tom Price and each panel was laser cut to produce the desired effect.

Metropolitan Works also incorporates a number of sustainability features which have helped secure its ‘very good’ BREEAM rating. The building has a green roof fitted with solar panels to contribute to the hot water provision and rainwater is harvested for toilet flushing.

The centre offers excellent facilities for design and production, including a double-height machine hall to accommodate London’s largest 5 axis CNC router and 5 axis water-jet cutter. Traditional workshops, CAD offices, a refectory and conference rooms fill the rest of the 1,100sqm space. James Pickard, Director of Cartwright Pickard Architects commented, “We believe the finished building successfully reflects this world-class centre of excellence for design and production and demonstrates how good, imaginative design can be combined with innovative methods of construction.”

Mr Pickard’s comments were also reflected in the feedback from the judges of the Ash & Lacy Awards 2010, in which Metropolitan Works won a Commended award for the Exterior Walls category.

Perforated AshTech adds a new dimension to the overall aesthetics of a building façade, creating a unique feature through the use of texture, pattern and colour. Fabricated from ACM (Aluminium Composite Material) and solid aluminium to provide the external element of a rainscreen system, panels are available in a range of vertical and horizontal joint arrangements and are backed up by a full design, technical and support service. For more details got to www.ashandlacy.com and visit the Ashtech and Ashcolit suit to discover Ash & Lacy’s full cladding capabilities.
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Old April 14th, 2011, 07:57 PM   #2267
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Gothic Mansion in London Reopens

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England certainly has its share of castles, but very few are close to the center of London and even fewer are the inspiration behind an 18th-century novel. Strawberry Hill’s Gothic Mansion is both. Originally built in the late 1700s by Horace Walpole, the politician, historian and novelist, this ornately decorated mansion has recently reopened to the public after an extensive two-year renovation.

A major component of the restoration involved uncovering different layers of design choices made by owners of the mansion since Walpole’s death; visitors can learn about the decisions made by the historical preservation team about what to restore and what to dispose of.

Parts of the tour include highlights that likely influenced Walpole’s novel “The Castle Of Otranto,” widely considered the first Gothic novel and a starting point for authors like Bram Stoker and Edgar Allan Poe. The surrounding gardens are also open to the public and have been restored to be as historically accurate as possible, including Walpole’s indulgence in a grove of lime trees.

The mansion is open Sunday through Wednesday afternoons and is closed Thursdays and Fridays. Book tickets online (£8, about $13.30, for adults).
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Old April 15th, 2011, 12:17 AM   #2268
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doesn't look very old in that picture :0

And the thread title is in need of updating, as a lot has changed. Probably take ages though.
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Old April 15th, 2011, 02:08 AM   #2269
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New City offices for UBS recommended for approval

UBS has seen proposals for new London offices recommended for approval by planning leaders at City Corporation. The idea for a new 700,000 sq ft headquarters for the investment bank was given the first green light ahead of a planning meeting next week, where it will be voted upon.

Reporting on the council application - submitted by Blackstone and British Land - Property Week noted that the new London offices at 5 Broadgate would result in 4 and 6 on the same street being knocked down and redeveloped.

It also stated that 3 Broadgate looks set to be retained. UBS is expected to move into its new City offices - if approved - after 2016. Calls have been made by the Twentieth Century Society to make Broadgate a conservation area; however, the planning committee asserted that the new UBS headquarters would allow the bank - and therefore the City - to grow.

According to the property resource, £54.50 per sq ft would be paid by UBS, which also has City offices at 100 Liverpool Street, 8-10 Broadgate and 1-2 Finsbury Avenue.
http://www.mellersh.co.uk/News.aspx?ArticleId=800497559

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Land Securities secures another office letting at One New Change

SMBC Nikko Capital Markets Limited will be relocating its London business to new office space in the City of London at Land Securities’ One New Change, adding to the already impressive list of tenants.

SMBC Nikko Capital Markets Limited which signed a lease in March 2011 for 34,558 sq ft of prime location office space, is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation and is responsible for the derivatives and securities operation in Europe.

The office element of One New Change is now 73% let with the average office rent for completed lettings to date standing at £57.50 per sq ft. The retail element was fully let on opening in October 2010. This is the third high profile office letting since January, following CME Group, and Friends Provident which took more than 38,000 sq ft and 48,500 sq ft respectively. K&L Gates, the international law firm took 120,000 sq ft as a pre-let and is expected to move in during the summer.

Commenting on the lettings, Robert Noel, managing director, London Portfolio, Land Securities, said: “Four major companies have now decided to relocate their London businesses to One New Change - three in as many months. The scheme has real momentum.”

One New Change covers 550,000 sq ft over eight floors, with 60 shops and restaurants operating over 220,000 sq ft. When fully let, the scheme will house approximately 3,000 office workers over 330,000 sq ft.
http://www.freeofficesearch.co.uk/Of...One-New-Change
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Old April 15th, 2011, 01:34 PM   #2270
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London Banks Will Add 11,000, Need Four More Shard Towers

Banks and financial-services companies in London will add 11,000 employees in the next three years and will require the equivalent of four Shard skyscrapers to accommodate them, BNP Paribas (BNP) SA’s real estate unit said.

Banks will need 1.6 million square feet, with the City of London district and Mayfair areas most likely to benefit, according to the report. The 1,016-foot (310-meter) Shard will be Britain’s tallest building when completed. “Financial-sector demand will be there, the occupiers will pay the rents,” BNP Paribas said in the report. “Occupiers will push hard for lease flexibility.”

About 75 percent of financial companies said business would expand over the next three years, and 55 percent said they would employ add employees, the study said. The strongest growth is expected by smaller financial companies while the biggest banks are expecting to expand more slowly, the report said.

Transport links are the most important consideration in influencing decisions about the location for new office space, followed by lease flexibility, rent level and workforce availability, the report said.
http://www.bloomberg.com/news/2011-0...rvey-says.html
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Old April 15th, 2011, 01:36 PM   #2271
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London Banks Will Add 11,000, Need Four More Shard Towers, BNP Survey Says

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More than 11,000 extra staff are forecast to be employed by banks and financial services firms across London over the next three years despite fears about regulation and taxation, reflecting renewed confidence in the capital and the wider economy.

The extra employees will require an additional 1.6m sq ft of space in central London, according to a study commissioned by BNP Paribas Real Estate – equivalent to four towers the size of the Shard or five the size of the Heron Tower in the City.

By translating projected jobs growth into floor space, the bank expansion will mean an extra 550,000 sq ft of offices a year up to 2014, which would come on top of the typical annual take-up in the City of 3.1m sq ft. About three-quarters of financial groups said business would grow over the next three years, with 55 per cent saying they would increase employment. Of those forecasting growth in London jobs, more than 70 per cent had their headquarters overseas. Most of this growth was focused on “front house operations” rather than support staff.

Smaller financial services firms expected to see the strongest growth, with the biggest banks only expecting very modest increases.

Fred Hargreaves, head of BNP Paribas Real Estate’s City agency, said the banks’ plans should translate into occupier demand and considerable extra take-up.



“There will be a lot of smaller firms taking larger offices, a lot like how the recovery started after the dotcom bust in 2003 and 2004. Taxation is a big concern however,” he said

This was good news for the number of towers planned in the City, he added, which typically offered smaller floors. There was a strong rise in demand among hedge funds and private equity firms in the West End, closely correlated to the stock market recovery.

The survey highlighted continued concerns among financial services groups about the future role of the government. More than three-quarters said there were fears over “poorly thought-out regulation of banks”, and more than two-thirds said there were worries over “increasing taxes on banks and bankers”.

Mr Hargreaves predicted major office moves in 2012 and 2013 given expiries of leases agreed in the late 1980s and late 1990s. There was no dramatic rental increase predicted this year, he said, but little new space would be available in 2012 and 2013 which should support rental growth.

The research, carried out every two years, has proved accurate in highlighting the boom in 2005-2007 as well as the crash after 2008.

Mr Hargreaves said the growth of the banks would mean further demand for office space from associated and support services.
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Old April 15th, 2011, 09:00 PM   #2272
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Mayor secures extra development funds

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Boris Johnson has described the Government’s agreement to provide £388m for development projects in the capital over the next 3 years as “good news for Londoners”.

The cash replaces the £480m a year budget for the London Development Agency which was slashed by ministers as part of last year’s spending review. That decision threatened a number of projects and also forced the merging of London’s three promotional agencies.

The new London & Partners agency has a “minimum” budget of £14m per year, scarcely more than the current £12m annual grant for Visit London, one of the three agencies to be merged.

Appearing before the London Assembly on Wednesday morning, the Mayor’s Chief of Staff Sir Simon Milton confirmed the new funding agreement which he said would allow the LDA “to expand investment to further support London’s economy.”

Responding to news of the funding agreement MIke Tuffrey, Liberal Democrat London Assembly budget spokesman, said: “There is a now a real opportunity for a joined-up approach to regeneration, housing and planning in London which the Mayor must seize.

“If he rises to the challenge, it can deliver real improvements in the quality of life across the capital and new economic opportunities for disadvantaged Londoners.”
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Old April 16th, 2011, 05:01 PM   #2273
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Stratford High Street is really looking like a new modern cluster.

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Old April 17th, 2011, 02:11 AM   #2274
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The bank project is wonderful
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Old April 17th, 2011, 04:56 PM   #2275
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Hard Rock to open London hotel

Hard Rock is aiming to capitalise on the popularity of its brand with overseas visitors to London by opening its first upmarket hotel in the capital. The group, which is owned by the Seminole Indian Tribe, has begun a search for a site for its first UK hotel in the West End. It has signed an exclusivity agreement with Exemplar, a London real estate developer, to find and build the hotel.

Unlike the cafés, which are run as franchises, the hotel chain is owned and controlled by the tribe. The group is understood to be keen to create an upmarket brand for the hotel chain, which operates in locations in the US and Asia. It has aspirations to challenge chains such as the Morgans hotel group and the W Hotels brand.

Hard Rock has looked at several sites, most recently the former Berners Street Hotel, which was eventually bought for a boutique hotel.

The group has looked at the Odeon West End cinema site in Leicester Square, where there is a planning consent for a conversion to a hotel and residential block designed by Make, the architect firm. Those with knowledge of the Hard Rock requirements say the group is hoping to open a hotel of 200-250 rooms, or about 160,000 to 200,000 sq ft.

Hard Rock wants the hotel to carry five stars. Hard Rock was not available for comment. Exemplar declined to comment. The Seminole Indian Tribe, which bought the group in 2007, has been investing heavily in the hotel brand.

Hard Rock is better known in the UK as a chain of restaurants, famed for its rock memorabilia. Hard Rock hopes to tap into a booming London hotel market, which has seen a number of upmarket schemes opening over the past few months. Two of the most high-profile have been on Leicester Square – the W London and the St John hotels.

Shangri-La is opening a hotel in the Shard, by London Bridge station, in 2012, while the Four Seasons group is opening a refurbished Park Lane hotel and another at Bishopsgate as part of the Heron Plaza.

Budget operators have also targeted the capital ahead of the Olympics. London has the highest occupancy and revenue per available room in Europe, according to analysts, with tourist numbers still strong in spite of the sluggish economic recovery.

But there are relatively few new sites for hotels in the capital. Exemplar is a London development group headed by Daniel Van Gelder and Clive Bush.

It is working on a number of office schemes in the City as well as the redevelopment of the former Middlesex Hospital in Fitzrovia.
http://www.ft.com/cms/s/0/fc856f60-6...#axzz1Jk6QEUYX
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Old April 17th, 2011, 10:15 PM   #2276
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New City offices 'could be immune from right of light clauses'

A potential 275,000 sq ft City offices development could be immune from right of light clauses. The City of London Corporation is set to use special powers that will allow the offices to be built, despite the loss of light to neighbouring buildings, Property Week reported.

Gordon Ingram Associates discovered that if the development at 1 Mitre Square was to go ahead, 32 properties would suffer from a loss of light.

Surveyors told the planning committee that they wanted to put in place section 237 of the Town and Country Planning Act, which allows developments to be given the green light should they be expected to deliver robust economical benefits, the news resource explained.

The 275,000 sq ft City offices would be available to let. Meanwhile, the City of London Corporation recently recommended for approval the proposal for 70,000 sq ft of space at Broadgate to be turned into the headquarters of UBS.
http://www.mellersh.co.uk/News.aspx?ArticleId=800501400
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Old April 17th, 2011, 10:21 PM   #2277
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Howells Leamouth Tower Wins Approval

Detailed planning permission has been awarded by the local planning authorities for one of the plots to stand on Ballymore's Leamouth Peninsula development in the east of London.



Masterplanned by Skidmore, Owings & Merrill, this particular part of the 1,700 apartment project also known as Orchard Place has been designed by Glenn Howells and consists of a 19-storey residential tower that will sit on site H on the southern fringe of the site.

Containing 162 apartments in the high-rise portion of the scheme with residents able to enjoy four separate sky gardens, one of which is a massive square void that cuts through the centre of the building opening its insides up.

The lower-rise portion will have a new public art gallery in it as part of the community element of the Leamouth Peninsula project. In addition to this there will be a number of ground floor retail and commercial outlets to try and animate the streets around it.

Previously delayed thanks to the 2008 world financial crisis, and the need to split the scheme up into several phases so it would be more commercially feasible, construction on the Howells' designed tower is due to begin in the winter of 2011 with completion set for 2014 kicking off the beginning of phase one.
http://www.skyscrapernews.com/news.php?ref=2825
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Old April 18th, 2011, 02:30 AM   #2278
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West London construction work plans revealed

New plans for a major development in west London have been unveiled, boding well for future construction recruitment in the district. Mayor of London Boris Johnson has launched a consultation on proposals for the redevelopment of the White City area of the borough of Hammersmith and Fulham, including construction work on 4,500 new homes.

This project, which will also involve the creation of new commercial space and community facilities, as well as improvements to the public realm, is scheduled to take place over the next 15-to-20 years and is expected to generate around 10,000 new jobs.

Mr Johnson asserted that "with this new framework we have the chance to build on the area's rich heritage with exciting new green spaces, thousands of new affordable homes and an inspiring new hub for creative and high-tech industries".

Last month, Hammersmith and Fulham council approved Development Securities' planned £250 million Hammersmith Grove scheme, comprising 275,000 square feet of office space across two buildings, which is also likely to create new construction jobs in the area.
http://news.careerstructure.com/arti...lans-revealed/
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Old April 18th, 2011, 12:53 PM   #2279
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Buildings are really booming in London

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Old April 18th, 2011, 03:32 PM   #2280
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Stratford is the new construction hotspot.
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