daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > City/Metro Compilations

City/Metro Compilations Help report active highrise/urban developments occurring in your city to the global SSC community.



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old May 13th, 2011, 09:18 PM   #2361
486
North Greenwich Express
 
486's Avatar
 
Join Date: Jun 2009
Location: London
Posts: 190
Likes (Received): 51

Riding high: cable deal signed



Electrical engineer T Clarke has won a clutch of new contracts in the capital, including work on the new London cable car stretching across the Thames from the Excel centre to the O2 arena.

Clarke has a £4 million deal for the electrical installation work on the 1100m cable car, which is being overseen by Mace, the firm behind the construction of the Shard skyscraper.

When completed next year, the cable car will run every 30 seconds, with the five-minute journey offering spectacular views rivalling the London Eye.

Other high-profile contract wins boasted by the company today include work on the 2012 Olympic Stadium as well as the Tate Modern 2, the stunning new giant glass pyramid planned for the South Bank.

Chief executive Mark Lawrence said trading was in line with expectations, although he warned there is little sign to an end of the fierce competition which is still pushing down margins.

"It has been sensible to remain selective when choosing which projects to bid for and we will continue to focus on maintaining margins where possible, despite customer pressure and increased competition."

http://www.thisislondon.co.uk/standa...deal-signed.do
486 no está en línea   Reply With Quote

Sponsored Links
Old May 13th, 2011, 09:37 PM   #2362
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,930
Likes (Received): 7171

Quote:
Originally Posted by 486 View Post
Facebook is eyeing HQ in medialand
Excellent, Covent Garden already has a bg Apple presence, among many other media and telecom companies. It can turn out as a pretty cluster.
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 14th, 2011, 02:58 AM   #2363
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

great news
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 14th, 2011, 03:31 AM   #2364
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
(Reuters) - The London Stock Exchange and Canada's TMX Group reported forecast-beating results on Friday as they applied for regulatory approval of their $3 billion deal to join forces.



Shares of the exchanges, both pressured by competition from alternative trading upstarts, rose after the results.

First-quarter profit at TMX, the operator of the Toronto Stock Exchange, rose 13 percent to C$64.3 million ($66.8 million), while revenue climbed 17 percent to C$174.7 million, on record volume and robust equity financing.

"I, along with maybe one or two others were already on the high end of Street estimates and they exceeded our estimates by a country mile," said National Bank Financial analyst Shubha Kahn.

The LSE exchange reported 2010 profit up 22 percent at 341 million pounds ($555.5 million), well above a forecast of 314 million in a poll of 14 analysts.

Revenue increased 7 percent to 675 million pounds, above analyst expectations of 651.1 million. The total dividend for the period was 26.8 pence, above a forecast 25.9p.

"We have seen strong growth in our fixed-income businesses, exchange-traded funds and derivatives. We are also starting to see positive impact from technology sales," Chief Executive Xavier Rolet told Reuters Insider TV in an interview.

The exchanges formally applied on Friday to have the deal approved by authorities in Ontario, Quebec, Alberta and British Columbia. The provincial regulators, along with the federal government, have a say in the deal first announced February 9.

The applications initiate a process that could last for months -- the TMX and the LSE are confident it will close sometime in the fourth quarter.

The would-be partners promise to create a transatlantic exchange and powerhouse in mining and resource equity that would do $4 trillion in annual trading.

Canadian critics fret that control of a national institution will fall into foreign hands.

"We have made this investment because we are convinced this merger represents an unparalleled opportunity for our company," Chief Executive Tom Kloet said.

MARKET SHARE EROSION

But the market share of both firms has been eroding. The LSE's share of domestic equities trading -- historically its top earning business -- has slumped in the past three years, hurt by the likes of Chi-X Europe and Bats Europe, whose parent filed for an IPO on Friday.

Last month the LSE's domestic market share fell below 50 percent for the first time in the UK exchange's 210-year history, Thomson Reuters data showed.

The alternative trading platforms remain a formidable competitive threat to TMX as well.

The TSX and TSX Venture Exchange had a combined market share of about 65 percent by value and 68.8 percent by volume in the last quarter. Overall combined market share was down slightly quarter over quarter, according to data from the Investment Industry Regulatory Organization of Canada.

Both exchanges have tried to diversify business to counter the threat. Rolet has looked to derivatives trading, clearing and technology services for growth, and credited his strategy for the better-than-expected results. His boldest move is the proposed tie-up with TMX, a deal that will enable the UK exchange to tap into TMX's stable of booming mining firms.

TMX is in the process of launching its own alternative trading system, TMX Select. It has reduced fees and introduced rebates for certain services, and it launched services that allow for anonymous trading.

"If those initiatives bear fruit, it should offset some of the market share erosion, or at least stem some of the market share losses," said Khan.

LSE stock closed up 1 percent having risen more than 7 percent earlier in the session. TMX shares closed up 1.83 percent at C$41.75 late afternoon in Toronto, an implied premium relative to LSE's offer of $39.75, according to a CIBC research note.

(Editing by Sophie Walker, David Holmes)

($1 = 0.6140 pound)

($1 = $0.968 Canadian)
http://uk.reuters.com/article/2011/0...74C13R20110513
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 14th, 2011, 03:35 AM   #2365
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
London’s mayor says visitors will walk on water _ on new floating path along River Thames



Plans to erect a floating walkway on London's River Thames, affording spectacular views of forgotten parts of the city, got a major boost on Friday by securing up to 60 million pounds ($97.5 million) in funding.

A kilometre-long floating river walk is planned for the River Thames in time for the Olympics.

The scheme, backed by £60m of private investment, would provide a 12m (39ft) wide floating pontoon in the City of London from Blackfriars Bridge.

Eight themed pavilions are proposed which would showcase London.

The award-winning London River Park design is now being submitted to the City of London Corporation for consideration.

It is being backed by private companies who have signed an agreement with Mayor of London Boris Johnson that would see 30% of revenues raised going to the public purse.

Mr Johnson, said: "The sheer beauty and design brilliance of this structure will provide yet another amazing attraction for the capital.

"However, we will proceed sensitively to ensure that one of the most famous and cherished waterfronts in the world is enhanced for the benefit of our great capital."

Baroness Jo Valentine, chief executive of independent business group London First, said: "Having won the mayor's overall award at the London Planning Awards, the question was always could the River Park become a reality?

"There's still work to do, including planning consents, site surveys and construction - but the River Park has the potential to be an iconic new feature in the heart of London."

Initially the walkway would be given permission for a set period, as the London Eye was.

However this could later be extended. A twisting metal tower designed by artist Anish Kapoor has already been given the green light to coincide with the games.
http://www.bbc.co.uk/news/uk-england-london-13388378
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 14th, 2011, 03:41 AM   #2366
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
London buyers find streets paved with gold

Properties in the London districts of West Hampstead, Paddington and Chiswick have seen the biggest growth in rental yields in the capital over the past six months, offering promising returns for buy-to-let investors looking for a growing income stream.

Strong tenant demand from young professionals has seen an increase in returns for investors with properties in these letting “hot spots”, as rents have risen faster than capital values, according to research from property consultants Jones Lang LaSalle.

While average yields in the capital rose by 20 basis points over the past six months, properties in Paddington saw the biggest increase, with yields rising by 71.6 basis points. The next biggest risers were Acton and West Hampstead, which saw a growth in yields of 64.3 basis points and 53.7 basis points, respectively.

This comes as rental prices across London have continued to surge, driven by a shortage of good quality rental stock and growing demand from first-time buyers who are unable to get on to the property ladder because of stricter mortgage lending criteria.

According to Jones Lang LaSalle’s quarterly review of London’s residential housing market, the average rental price across the capital has moved from £37.87 per square foot per year to £40.20 – an increase of 6.1 per cent in the six months to the end of this year’s first quarter.

In comparison, the average sale price across London has risen from £718 per square foot to £734 – a pick- up of just 2.2 per cent.

“The very interesting story we’re seeing right now is that rental growth is escalating much faster than capital growth,” says Rob Bruce of Jones Lang LaSalle.

This surge in rental growth has seen average gross yields in London increase from 5.27 per cent to 5.47 per cent. The highest yields in the capital can be found in the south-east: 7.68 per cent in Forest Hill, followed by 7.38 per cent in Upper Norwood.



However, experts say investors need to carefully consider the locations of their investments and not be led by high yields alone. The risk of void periods is likely to be greater in certain locations, therefore the strength of tenant demand is crucial when selecting an area to invest in a buy-to-let property.

James Moss of Curzon Investment Property points out that Paddington, West Hampstead and Chiswick have always been good quality rental areas. Gross yields in West Hampstead are currently around 4.86 per cent, while areas around Chiswick can achieve a 5.01 per cent yield.

Dominic Agace, chief executive officer of Winkworth, the estate agents, says it has seen a big increase in tenant demand for areas such as Kensal Rise, Islington, Chiswick and Shepherds Bush from young professionals looking for locations with good transport links.

He says Kensal Rise has seen the largest rental growth, with rents rising 20 per cent over the past six months, followed by Islington with a 15 per cent increase.

In some locations around London, the competition for good quality rental homes has led to a rise in tenants looking to secure longer lets of up to three years. According to LudlowThompson, the London-based estate agent, 71 per cent of lets it has agreed so far this year have been for two years or more, while 44 per cent have been for three years or more.

“The most sought-after properties, typically attractive two-bedroom properties with good commuter links, are being snapped up for periods of two or more years at an unprecedented pace,” says Stephen Ludlow, director at the estate agency.

He explains that these types of deal can often help secure a tenancy as landlords like the security of a long let because they reduce void periods and alleviate the uncertainty of changing tenants.

The locations where this is happening the most include Clapham, Notting Hill, “Little Portugal” in Vauxhall, Canary Wharf and Greenwich.

However, not all these areas are seeing a growth in yields for property investors. Jones Lang LaSalle’s research found that the greatest yield compression in London occurred in Greenwich – a fall of 49.0 basis points – Hammersmith, Vauxhall and Clapham. The average yield in Greenwich is now 4.43 per cent and 4.18 per cent in Hammersmith.

However, Moss admits that although rents are going up in these locations, capital values are going up even faster.

“What is now happening is that these areas are being recognised as the good locations that they are and in many cases full ‘gentrification’ is underway,” he explains.

He points out that Greenwich now has excellent transport links to Canary Wharf and the City, leading more young professionals to buy there.

Moss says wealthy property investors and international buyers are still focusing on prime central London locations such as Knightsbridge and the best parts of Kensington and Chelsea.

Prime locations such as these provide investors with lower yields – around 3 to 4 per cent – but have the potential for bigger capital growth.

“With these investment buyers, the emphasis is not on income, it is on having a safe asset base with the emphasis on long-term capital appreciation,” Moss explains.

However, Moss says he would not be surprised to see a gradual divergence by some clients into areas such as Vauxhall, Stockwell and Kennington, where unit costs are lower and the potential for faster capital appreciation can be found.

“While rents continue to increase, this also creates a further hedge in these ‘newer’ locations. In essence, what we are seeing here is a classic ripple effect, just like in Notting Hill 15 years ago,” says Moss.

According to Lucy Morton, head of lettings at WA Ellis, a prime central London estate agency, Knightsbridge and Belgravia remain the foremost “hot spots” for tenant demand among the wealthy, along with Kensington, Notting Hill and Chelsea.

“Marylebone is now the new Notting Hill with its trendy ‘village’ shops, atmosphere and excellent transport links. In particular, the young professional tenants are flocking here,” she adds.
http://www.ft.com/cms/s/2/e0a6ab7e-7...#axzz1MHaOrXgF
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 14th, 2011, 09:43 PM   #2367
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,930
Likes (Received): 7171

Quote:

Spectacular "floating river" to be constructed by the Thames in time for London 2012

A spectacular £60 million ($97 million) kilometre long floating river will be built along the north bank of the Thames, and will be ready for the summer of 2012 and the London Olympic Games, it has been announced.

Gensler designed the "London River Park", which won the Mayor's Award for Planning Excellence at the 2010 London Planning Awards, and asset managers Venus Group have agreed to finance the project.

Detailed plans will now be drawn up with a Memorandum of Agreement signed between Venus and the London Mayor, a deal which sees 30 per cent of the net revenue of the project going straight back into the public purse. Eight themed pavilions will be constructed along the route to showcase London and for hosting riverside events. London Mayor Boris Johnson said: "The sheer beauty and design brilliance of this structure will provide yet another amazing and unique attraction for the capital.

"We will proceed sensitively working closely with our partners, particularly in the City, to ensure that one of the most famous and cherished waterfronts in the world is enhanced for the benefit of our great capital." John Naylor, head of property and construction, Venus Group in Singapore, added: "This will be an exciting addition for the summer of 2012 and a new opportunity for Londoners to relax by the Thames in the heart of the City."

Chris Johnson, the managing principal of Gensler, added his delight at the plans: "Gensler are delighted that the project has reached this important milestone, and we look forward to working with Venus Group and all the London stakeholders over the coming months to turn this exciting concept into reality.

"To be part of the revitalisation of one of London's greatest assets – The Thames - in the creation of this new public amenity is a great honour and the overwhelming support to include the Thames as a key focus for next year's national celebrations only enhances the capitals reputation for originality, innovation and creative thinking."

http://www.insidethegames.biz/summer...or-london-2012







__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 14th, 2011, 11:14 PM   #2368
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Boris said visitors are going to walk on the water lol anyway i think it would be nice
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 15th, 2011, 06:44 PM   #2369
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Iconic London building to get Kiwi touch

An iconic London building is about to feel the Kiwi touch with a multi-million dollar makeover.

Landscape architect Sam Martin has landed the dream contract to aid in the redevelopment of the old Battersea Power Station, the biggest brick building in Europe.

The derelict building, which sits alongside the river Thames, is an integral part of the London cityscape.

"What this site offers to the future is massive...it has this magnetic power about it," Martin told ONE News.

But the historical coal power station hasn't produced a single watt of energy in nearly 30 years.

Now the London-based Kiwi will be putting some spark back into the protected building - all 61 million bricks of it - and the surrounding land.

The pricey redevelopment will include more than 3000 homes; commercial and retail outlets and even a tube stop.

Martin has been charged with the landscaping, or as he call it "humanising the buildings".

"We're gonna have thousands of trees across the site and...over fifty percent have to be native."

He plans to bring a distinctly New Zealand feel to the ground level by planting ferns.

"They're gonna look right at home."

The design process has taken three years, and it will take a further seven to implement the plan.

This unique opportunity for Martin to leave his mark on London isn't his only plan in the works and he has a vision for his home town of Christchurch.

"The layout, the structure, the streets, the park, the way the Avon interacts with those streets is a perfect template to create a garden city for the 21st century."
http://tvnz.co.nz/national-news/icon...-touch-4171611
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 15th, 2011, 06:46 PM   #2370
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Southwark residents 'to get Shard skyscraper jobs'

The developers behind London's tallest building have vowed to make around 150 jobs available to local people when it opens in 2012.




At 1,017ft, The Shard, based at London Bridge, will house up to 12,000 workers when the project is completed.

Developer Sellar Group said it wanted 75% of service and building management jobs to go to residents from the area.

Many of these will come via Southwark College which will offer tailor-made courses for these roles.

The policy is meant to prevent all jobs in The Shard being taken by workers from outside Southwark.

However, some residents said they were worried local people would mainly end up filling lower-skilled roles in the £450 development, which will include office space, restaurants and apartments.

James Sellar, chief executive, of Sellar Group, said: "This sort of project is really successful when it grounds itself in the local neighbourhood, and we want to make sure that people in the local area relate to it."

Ruth Gilbert, chief executive of Southwark College said: "Sellar has engaged with the community and with training providers such as ourselves and said these are the jobs we know we will need to run the building as a starting point.

"Help us to find people who can do these jobs."

Councillor Fiona Colley, of Southwark Council, said the area has seen the creation of many new jobs during the past decade, but that it still had a much higher rate of unemployment than other parts of London.
http://www.bbc.co.uk/news/uk-england-london-13401241
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 15th, 2011, 07:19 PM   #2371
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,930
Likes (Received): 7171

Quote:
East London Draws Luxury Developers

While the West End has been the traditional haunt of luxury-residential developers in London, soaring property prices have pushed companies to look east for more lucrative opportunities.

New development has been creeping along the Thames, toward the City, with large-scale residential and mixed-use projects like the Shard and NEO Bankside bringing high-end space to an area that many believe has been underperforming for too long. “The City borders, from the South Bank to Tower Hill, are seeing interest from developers who have prime residential schemes in mind,” said Cassandra Elliot of the real estate agency Knight Frank.

The latest is 10 Trinity Square, an early 20th-century landmark building alongside the Tower of London. The project, unveiled this week by KOP Properties, involves a purchase and renovation costing £400 million, or about $653 million. The structure, which now has five stories, will have seven floors by the time work is completed in mid-2014 and is being designed to feature 37 residential units and a top-end hotel.

The location may be better known to tourists than property investors, but it is on the fringe of the City, with easy access to the West End, Docklands and London City Airport. “We believe the value of this part of London is still unlocked,” said Leny Suparman, chief executive of KOP Properties. “Prices in the West End have reached an all-time high, yet the City can still be affordable.”

KOP Properties, which is based in Singapore, bought 10 Trinity Square last year from Thomas Enterprises, a U.S. developer that had permission for a similar mixed-use project but was unable to execute it. “We looked for the right site for 12 months and believe this is a special building,” Ms. Suparman said. “It’s a good opportunity, with an excellent location, historic significance and potential.”

KOP Properties is already responsible for the Ritz-Carlton Residences and the Hamilton Scotts condominiums in Singapore. The parent company, the KOP Group, also owns Franklyn Hotels & Resorts and has a foothold in London with the Cadogan Hotel, but Ms. Suparman described 10 Trinity Square as the company’s flagship project.

The building, which opened in 1922, was designed by Edwin Cooper for the Port of London Authority. The structure, in the Beaux Arts-style, has a grand limestone lobby and some of its original fittings, including decorative plasterwork and paneling in oak, walnut and mahogany. A private members’ lounge is planned for the building’s formal meeting room, where the inaugural reception of the U.N. General Assembly was held in 1946.

The two new floors are being added to accommodate the two- to four-bedroom apartments, which will have courtyard, city or river views. There also will be three penthouses, one of which will take up the three floors of the building’s centerpiece tower. That unit has drawn so much interest that the company says it is considering an auction.

Prices are expected to be around £2,500 a square foot, about $27,000 a square meter; the average in the area is now £1,350. Ten apartments already have been reserved, the company says.

The apartments will range from 1,300 to 6,060 square feet, or 120 to 565 square meters. Their interiors will be created by David Collins, a London designer whose previous work included the Ritz-Carlton in Bangkok and the Connaught Hotel in London. “We want a design that is cosy, yet classy and modern,” Ms. Suparman said. “Contemporary British style is very edgy, but we also want to highlight the historical influences, as that’s also attractive and important.”
http://www.nytimes.com/2011/05/13/gr...evelopers.html
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 15th, 2011, 09:28 PM   #2372
486
North Greenwich Express
 
486's Avatar
 
Join Date: Jun 2009
Location: London
Posts: 190
Likes (Received): 51

Shard times - the glittering symbol of London's future



Whoosh! The builders' lift at the Shard zooms up to the 31st floor of the skeletal skyscraper and the doors open to reveal what will one day be a public area buzzing with plush restaurants and cocktail bars.

Renzo Piano, the 73-year-old Italian architect of the building, steps out of the lift to admire the view. He breathes in the dusty air and smiles contentedly at the heady scent of a construction site in full swing. 'I love all this,' he says, gesturing to the machine pumping concrete to the top of the building, its rhythmic beat sounding like a gigantic heart. 'Designing is OK, but what excites me is making.'

He walks across to the windows and looks out over the City. Way down below us, Toytown size, we can see Tower Bridge and, across the river, St Paul's and the Gherkin. To the right is Canary Wharf, while over to the left we spot Westminster Abbey and Big Ben. Already the Shard is the most talked-about new building in London, its 72-storey core visible from practically every street corner, train carriage or bridge. But the best is yet to come: when the tower reaches its full height of 310m - the tallest building in the EU - and opens completely in 2013, members of the public will be able to ride to the top and get the most thrilling new view of the capital since the London Eye opened in 2000.

Naturally Piano is proud of his achievement, and indeed without his gravitas to convince both planners and financiers the whole scheme might never have got off the ground. He is an architect of impeccable credentials, still best known for the Pompidou Centre in Paris, which he designed in partnership with Richard Rogers when he was just 33. Since then his record for producing some of the world's most admired modern buildings - Kansai airport in Japan, the Paul Klee museum in Switzerland, and the recent extension to the Art Institute of Chicago among them - has stood him in good stead. But the fact that he is the most urbane of men also helps. Today he is dressed in a tweed jacket, pale blue open-neck shirt, cashmere jumper and beige trousers. He is tall, slim and distinguished looking, with grey hair, silver glasses and twinkling grey-blue eyes. He speaks English with a lyrical Italian accent and talks poetically about architecture as the stuff of magic, dreams and desire. It is hard not to fall under his spell.

But Piano's skills as both designer and diplomat have been tested to the limit over the decade since the Shard was first mooted. The project started as the brainchild of the developer Irvine Sellar, who bought the site next to London Bridge station in 1998. Sellar, a colourful character who once owned a chain of shops called Mates selling bell-bottom jeans, had a vision for a skyscraper to replace the shabby existing building and asked a firm of British architects to draw up plans. But early in the process he was advised that he would need a world-class architect if he expected the authorities to look favourably on his audacious proposal. With this in mind he paid a visit to Piano on the site of his building in Potsdamer Platz, Berlin. Piano remembers the meeting well. 'We went to a restaurant and I started sketching straight away,' he says. 'Irvine had a fantasy and I believed in it right from the start.'

The project has hit the skids several times since then: first when it was subjected to a year-long public inquiry, and second when the world financial crisis hobbled several of its investors. With construction costs for the tower of around £415 million, finding new backers was no easy task and only when Sellar signed a deal with the Qatar National Bank, which now owns about 80 per cent of the building, did work on the Shard finally begin.

Today, Piano is in London to inspect progress on the skyscraper, which he refers to as his 'baby'. He's travelled by Eurostar from Paris, the city that became his home after he moved there to oversee the construction of the Pompidou Centre in the early 1970s. He lives there with his wife Milly, also an architect, and his 11-year-old son Giorgio. He has three older children from a previous marriage. The family divide their time between Paris and Piano's home city of Genoa, where he has a spectacular cliff-top office accessible only by funicular. In London he stays with Richard Rogers in his cavernous Chelsea townhouse - 'We are like brothers,' he says - and eats at the River Café, the restaurant owned by Rogers' wife Ruth. 'Ruthie learned to cook with us in Paris,' explains Piano. 'We were her guinea pigs.' The two families also spend holidays together every year, and take trips on Piano's 72ft sailing boat, which he designed in collaboration with two American naval architects. 'I built my first boat when I was 18,' he explains, 'but it's too complicated to design a big boat like this alone.' In short, he lives the jet-set life of a superstar architect who has grown rich on fees that are charged as percentages of multimillion-pound projects (even a modest two per cent fee on the Shard would net his practice a cool £8.3 million).

But life for Renzo Piano hasn't always been like this. He was born in Genoa in 1937 and grew up in an Italy ravaged by dictatorship and war. 'I was eight years old when the war ended and so I became an inbuilt optimist because every day from then on was a better day, the street became a bit cleaner, the food became a bit better.' His father was a builder whose workload grew during the reconstruction and young Renzo helped him on his jobs. 'I learned that there is a pleasure in building things,' he says. He had an older brother, also called Renzo, who died before he was born and this, he says, contributed to his determination to succeed. He studied architecture in Milan in the early 1960s and moved to London in 1969 to set up partnership with Rogers. He has fond memories of the three years he lived in Hampstead and his love for the city dates back to that time. It is only in the last year, however, that he has completed his first building here: Central St Giles, a brightly coloured office development behind Centre Point. What does he think his new skyscraper will do for the London?

Piano is quick to promote what he sees as the Shard's innovations. 'It's like a vertical town,' he claims. 'Ten thousand people a day will work in or visit this building because it has offices, a hotel, shops, restaurants and apartments, as well as the viewing galleries. That is something new. This building will become part of London because everybody can visit and mix; that is the nature of good cities.' He also points out that it has only 42 parking spaces: 'So you don't increase the traffic around it but you intensify the life.' As part of the project the dismal concourse at London Bridge station will be replaced and a new public piazza will be opened above it. 'So it will also bring some order to a place that needed it.' Finally, he says, 'If this building is great, it will be because of the glass.' Here he is referring to the 11,000 panels of hi-tech glass in the tower which have had the iron removed to make them completely clear. As a result, he explains, the building 'won't look green like an empty wine bottle' or dark like a pair of sunglasses, but will reflect the weather and the colour of the sky.

Although the Shard has had some high-profile detractors - English Heritage chief executive Simon Thurley raged that it drove 'a spike through the heart of historic London', while the Prince of Wales predictably likened it to an oversized salt cellar - London's design experts are generally enthusiastic. Peter Murray, the chairman of New London Architecture, the centre for debate on the capital's design and planning issues, says, 'I like it as a building, it's a massive improvement on the ghastly lot that was there before. The mixed use of space is creative and the public can go to the top, that's something you can do in at least a dozen buildings in Manhattan but it's new here. It's also interesting for Southwark. Forty years ago it was in a bad way economically and socially and now Tate Modern and the Shard have brought work and other amenities. You might think it's pretty distasteful to have luxury apartments when there's a housing shortage, but it reflects how London's economy is operating on different criteria to the rest of Britain. Twenty-five years ago it was a stuffy, local place, now it's a global city that attracts international finance. On balance I would say that benefits London. I think we will see the Shard become one of the defining symbols of London during the Olympics.'

Londoners may already have taken the Shard to their hearts, but so far the property market is more cautious. Despite the Titanic-style 'newest, tallest, best' kind of publicity, the offices have yet to be pre-let. A luxury hotel chain, Shangri-La, has taken 18 of the mid-level floors, while floors 53 to 65 are earmarked for the apartments. Prices for these have not yet been released, but speculation is that they will be in the same bracket as the Candy brothers development One Hyde Park, designed by Piano's friend Richard Rogers, where flats range from £6.75 million for one bedroom to £135 million for a penthouse.

None of this is Piano's problem, he is more concerned about the long-term legacy of the building. At the end of our meeting we turn back to a model of the Shard, with its miniature impression of St Paul's across the river. 'Every era has a story to tell,' says Piano. 'The story of St Paul's told by Christopher Wren is a good story. The story of the Shard is a different story, but if it's a good story, then what is wrong?' He stops for a moment and thinks. 'I am still a little boy inside, but with 60 years of growing and learning. You store experiences in your mind - social, artistic, historical - and all those things come together in a building, like in good food. Like in a good bouillabaisse.' It's a nice analogy - the Shard as an architectural fish soup. Let's just hope it turns out to be as delicious as it looks.

http://www.thisislondon.co.uk/lifest...dons-future.do
486 no está en línea   Reply With Quote
Old May 16th, 2011, 01:27 AM   #2373
BG_PATRIOT
BANNED
 
Join Date: Apr 2006
Posts: 9,471
Likes (Received): 69

Quote:
Originally Posted by PortoNuts View Post
East London Draws Luxury Developers
The building is gorgeous and with the modern part, it will look really good



__________________

Zefire liked this post

Last edited by BG_PATRIOT; May 16th, 2011 at 03:10 AM.
BG_PATRIOT no está en línea   Reply With Quote
Old May 16th, 2011, 01:28 AM   #2374
BG_PATRIOT
BANNED
 
Join Date: Apr 2006
Posts: 9,471
Likes (Received): 69

Quote:
Originally Posted by 486 View Post
Riding high: cable deal signed
A little video

__________________

Zefire liked this post
BG_PATRIOT no está en línea   Reply With Quote
Old May 16th, 2011, 01:38 AM   #2375
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,930
Likes (Received): 7171

That building is fabulous!
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 16th, 2011, 03:09 AM   #2376
BG_PATRIOT
BANNED
 
Join Date: Apr 2006
Posts: 9,471
Likes (Received): 69

Quote:
Originally Posted by PortoNuts View Post
That building is fabulous!
Indeed. A gorgeous piece of architecture. I am glad that the modern part does not invade the building but instead is elegantly hidden in it.
__________________

Zefire liked this post
BG_PATRIOT no está en línea   Reply With Quote
Old May 16th, 2011, 01:15 PM   #2377
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Aon Agrees to Lease Almost a Third of City of London’s Cheesegrater Tower


Construction on the site started in January

Aon Corp. (AON) agreed to become the first tenant in the Cheesegrater, a skyscraper in the City of London financial district that’s due to be completed in 2014.

Aon will occupy almost a third of the 47-story tower, according to a statement today from the developers, British Land Co. and Oxford Properties Group Inc. The property, officially known as the Leadenhall Building, will be the Chicago-based insurer’s U.K. base.

British Land revived the project in October after getting backing from Oxford Property’s owner, Toronto-based Ontario Municipal Employees Retirement System. Prices for London office buildings have recovered since August 2009 as the weak pound fueled demand from overseas investors and a shortage of large new offices lifted rents.

“This is good news for British Land, but doesn’t signal a jump in demand for central London offices,” said Alan Carter, an analyst at Evolution Securities Ltd. with an “add” rating on the stock.

Aon will occupy 191,000 square feet (17,700 square meters) of space in the Cheesegrater and has the option of leasing an additional 85,000 square feet in the building. The tower will have total space of 610,000 square feet and will cost about 340 million pounds ($550 million) to build.

“The agreement demonstrates the high level of interest being shown by major occupiers,” for the property, British Land Chief Executive Officer Chris Grigg said in the statement. His London-based company is the U.K.’s second-largest real estate investment trust after Land Securities Group Plc.

Four other skyscrapers are planned for central London. None of the owners have signed up office tenants yet.

British Land and Oxford Properties didn’t say how much rent Aon will pay.

The deal is a major boost for developers British Land and Oxford Properties and further evidence of a strong recovery in the London office market.

Aon has agreed a 191,000 sq ft pre-let of the 610,000 sq ft Leadenhall Building.

The insurance firm will take the lower 10 floors of the offices (levels 4-13), and also has options to take up to a further 85,000 sq ft of space on levels 14-18.

Construction of the tower started in January with practical completion scheduled for the mid 2014.

Chris Grigg, Chief Executive of British Land said, “We are delighted that Aon has chosen The Leadenhall Building as the headquarters for its UK operations.

“This agreement demonstrates the high level of interest being shown by major occupiers for this iconic London office building and the world-class accommodation it will offer.”
http://www.constructionenquirer.com/...egrater-tower/
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 16th, 2011, 01:18 PM   #2378
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Central London prices rise £767 every day



Average house prices in central London have risen £767 every day over the last year, reveal Knight Frank.
The latest Prime Central London Index, April 2011 reveals:

- Capital values rose 1% in April, contributing to an annual rate of growth of 8.3%

- Typical prime central London properties saw prices rise by £767 every day over the past 12 months

- Average values for prime residential property in central London have now risen by 31.2% since March 2009, the post-credit crunch market trough

- The market is being led by properties in the £1m to £5m price bracket, which have seen prices rise by nearly 4% in the past 3 months. The strongest geographical markets are: Mayfair, Marylebone, St John’s Wood and Kensington – all with more than10% growth over the past 12 months.

Liam Bailey, Head of Knight Frank Residential Research, said:

“The dislocation between the central London market and the wider UK market has widened into a chasm over the past 12 months.

“Both markets bounced back in 2009, after freefalling in 2008, but whereas the national market stuttered to a halt after the reality of the UK’s economic and fiscal position became clear after last year’s election, the central London market has kept powering ahead.

“Over the past 12 months price growth in central London has totalled 8.3%, whereas in the UK the corresponding figure has been a fall of -1.3%.

“Price growth is only one aspect to be considered when assessing the health of a market, arguably just as important is the volume of sales being undertaken.

"Again the disparity between the central London market and the UK is widening over time, with sales in the first four months of 2011 in the former market down only 31% and the latter down by almost 50% compared to the average volumes seen of the last decade.

“In previous market notes I have pointed to international demand as being a key contributor to London’s bounce. There is no doubt that this is true – with more than 60 different nationalities active in the market over the past 12 months. However we shouldn’t underestimate the impact of the central London economic revival on pricing.

“UK buyers still account for around half of all transactions in the market and buyers in business and financial service employment represent at least 40% of all buyers in the robust £1m to £5m sector.

“Assuming that central London’s jobs market can continue to outpace the wider UK market during 2011, it is likely that prices at current levels will be sustainable even if overseas demand begins to wane."
http://www.dailymail.co.uk/property/...=feeds-newsxml
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 16th, 2011, 01:52 PM   #2379
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
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
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 16th, 2011, 07:40 PM   #2380
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,930
Likes (Received): 7171

Quote:
Rathbones expands London office with Curzon Street move

Investment management advisors Rathbones has announced that it will be relocating from its offices on New Bond Street to new office space in Mayfair at 1 Curzon Street early next year.

The FTSE 250 listed company has exchanged contracts for a 12 year lease of 42,200 sq ft of office space on the 3rd and 4th floors of No 1 Curzon Street, London W1. It is expected that the move from current premises will be completed by the end of February 2012 and will result in non-recurring charges of up to £5m, representing the expected costs of moving, a period of double occupation and dilapidations on the existing premises.

Commenting on the move, Rathbones chief executive Andy Pomfret said: “The move to No 1 Curzon Street not only keeps Rathbones in the heart of Mayfair, but also increases our effective space in London by around 10%, as a result of a larger and more efficient floor plan than our existing offices, without a material increase in the ongoing cost base.”

1 Curzon Street is a modern office building designed by T.P. Bennett and constructed by Sir Robert McAlpine. It is one of many high-class buildings in Mayfair Commercial's portfolio, a company owned by the Abu Dhabi Royal Family.
http://www.freeofficesearch.co.uk/Of...meyear=May2011

Quote:
Media firms sign up for offices in Camden

Two media firms have signed up for newly refurbished office space in Camden, NW1 at Lazari Investments’ Bedford House.

The 1960’s property at 125-133 Camden High Street in north London has been comprehensively refurbished to provide 12,000 sq ft of office accommodation in an area which is an established office location, particularly appealing to media occupiers, including MTV and Warner Brothers.

The new tenants will both occupy the first floor with online marketing firm Atom 42 taking 3,200 sq ft and Rough Cut TV taking the remaining 2,800 sq ft. Both have signed 10-year leases at £22.50 per sq ft. Lazari was represented by Hanover Green.
http://www.freeofficesearch.co.uk/Of...ices-In-Camden
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote


Reply

Tags
development, england, london, united kingdom

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 12:46 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu