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 17th, 2011, 01:12 AM   #2381
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
East London vies to be Europe’s tech capital

The entrepreneur charged with transforming the east London into an “iconic global technology hub” after the Olympic Games has said that a key part of his role will be to tell the Government when to get out of the way. Eric van der Kleij, a Dutch national who founded a leading fraud technology firm in the UK, admitted the plans were “audacious” but he was building on a strong base.

In his first interview since his appointment as the head of the Tech City Investment Organisation, Mr van der Kleij said his priority was to convince Europe’s internet entrepreneurs to opt for London rather than the United States. “I want them to see it as in the top three places in the world, after Silicon Valley and maybe New York,” said Mr van der Kleij. “My ambition is that globally everybody acknowledges Tech City is the digital capital of Europe.”

Mr van der Kleij took up the role two months ago, following David Cameron’s launch of Tech City last November. He has worked on a part-time basis for the Government’s trade and investment promotion agency, UKTI, for eight years championing the UK as a base for entrepreneurs. Mr van der Kleij said the surge in start-up digital technology companies in the Old Street and Shoreditch areas of London since 2008, from just 15 firms to over 200 companies, had convinced him there was a private sector momentum that he could build on.

“None of that was because of government intervention,” he said. “It was organic, natural growth and that’s why I think it is sustainable. And that’s why I am happy with the ambition because we start from a strong platform.” He added: “There are countries around the world that are investing huge amounts of cash to create clusters like this and we are not starting from scratch. Our job is to identify the bits that will help sustain the growth and to let the Government know where their help is not needed.”

These bits will include the shortage of venture capital facing early stage companies. But this initiative is not, Mr van der Kleij says, another Whitehall led urban regeneration scheme. He has accepted the role part time and many of his team are volunteers. His first recruit was former LinkedIn European managing director Kevin Eyres, who has volunteered to create a network of experienced mentors to help guide the fledgling companies attracted to the area.

Mr van der Kleij said the entrepreneurial buzz in Shoreditch, Hoxton and Dalston could extend to cover the four mile section of East London to the Olympic Park in Stratford. Here nearly 1m sq ft of flexible office will become available from next summer.

“You will have more broadband that you can eat,” said Mr van der Kleij. Part of the Olympics press and broadcast facility has already been earmarked as a business incubator.

“We are investing £9bn in of the largest urban regenerations in Europe and the Shoreditch area is a great place to incubate your business. Having the two together is a gift,” he said. Cisco, Intel and Microsoft have all publicly supported the idea of Tech City and are shifting operations there from other parts of the country. I think in the two to three years that follow the Olympics you will naturally see companies flowing in there. We have to plan for this,” said Mr van der Kleij.

He also predicts the founders of the start-ups in Shoreditch may, as they hit their 30s, find appeal in the green spaces of Stratford’s newly designed park. “Young people like Shoreditch but as they get older they might want to be pushing the prams around the parks in Stratford. That would be why it would be great to have these large technology companies as employers there. Or for the Shoreditch companies to scale up and shift to Stratford. If we are right about the growth there should be a natural flow of migration there.”

Michael Acton Smith, the founder of Shoreditch-based online gaming firm Mind Candy, could see this migration happen.

“I am a little way to go before prams but as companies like Mind Candy and Songkick grow we will need larger campuses. If we can’t find that space in Shoreditch why not take some of the buildings in Stratford?” he said. He said the Olympic legacy planning had been “shoehorned” into the drive for Tech City but that he could see the potential. “The infrastructure is there and of all the things they could do with it, extending Tech City from Shoreditch does not sound like a bad plan to me,” he said/

Mr Van der Kleij, 50, wants to play a full role in seeing that happen and is planning to launch his own start up. Will it be based in Tech City? “It’s got to be. Where else?” he said.
http://www.telegraph.co.uk/finance/y...h-capital.html
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote

Sponsored Links
Old May 17th, 2011, 09:05 AM   #2382
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Heathrow and Gatwick airports to invest $6 billion in renovation



The £800 million ($1.3 billion) project for construction of a new Terminal 2 at the Heathrow airport has been secured by HETco, Bloomberg reported.

Work will include construction of wider spaces for passengers to walk through, faster baggage systems, new bathroom, advanced lighting systems in addition to larger and brighter forecourts.

At Heathrow, the roof will be added to a £2.6 billion ($4.3 billion) replacement terminal, in addition to satellite structures to Terminals 2 and 5 to raise the accommodation capacity to 90 million passengers.

A £1 billion budget has been accorded for the Gatwick airport for cladding one of its two old terminals in glass and steel.

The South Terminal in this airport will feature a new security system this month comprising Britain’s first automated ticket check as well as longer conveyors for the inspection of carry-on bags.

The 42-year-old Terminal 1 at Heathrow will be removed and clubbed with Terminal 2 over six years after the completion of reconstruction of Terminal 2 by 2013 to create one single complex with a capacity of 30 million passnegers.

Gatwick airport is expected to complete construction on its north terminal in May 2011.
http://www.worldinteriordesignnetwor...vation_110516/
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 17th, 2011, 12:25 PM   #2383
LondonFox
BANNED
 
Join Date: Nov 2010
Location: London, UK
Posts: 4,283
Likes (Received): 922

I can't believe how much is happening right now in London!

The amount of construction and incoming investment is insane... there can't be many places in the world right now with as much happening as here.
__________________

Zefire liked this post
LondonFox no está en línea   Reply With Quote
Old May 17th, 2011, 12:45 PM   #2384
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Demolition work on the site of the existing structure at 100 Bishopsgate, London has commenced in preparation for the construction of a 1176 feet high office tower

100 Bishopsgate office tower development begins in London.




The tower is designed by British architectural practice Allies and Morrison and is being developed by a joint venture between Brookfield and Great Portland Estates. Demolition work is being executed by Keltbray.

The 100 Bishopsgate development will consist of three buildings in all including the 40-storey, 1176 feet tall tower. The buildings will consist of 825,000 square feet of net lettable space including office space, trading floors, a new Livery Hall for the Leathersellers’ Company, a public library and retail space.

The tower has been designed in the form of a parallelogram at the base that rises to a rectangle at the top to overcome the complex geometries of the location. The building features contrasting façade textures and articulated junctions repeated rotationally around the building, with the transition adding a twisting dynamic to the building. A new public square will also be created at the heart of the site with new routes drawn across.



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.worldinteriordesignnetwor...london_110516/
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 17th, 2011, 12:56 PM   #2385
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Boris Johnson opens £2m road funded by his London Development Agency



IT was a meeting of flowing locks as famously messy-haired London Mayor Boris Johnson came face to face with Bexley’s latest piece of public art.

Mr Johnson was introduced to The Cob statue with its flying mane, and its creator sculptor Andy Scott, while on a visit to Belvedere to open the new Belvedere link road.

The road is part of the £10.6m Belvedere Green Links regeneration project in Lower Belvedere which included nearly £2m from the Mayor’s London Development Agency.

This paid for the construction of the new link road which will open up connections in the industrial estates and the surrounding residential areas and unlock access to open space on Erith marshes.

The rest of the project, funded by the Homes and Communities Agency and European Regional Development Fund, will also provide improved links to Belvedere and Abbey Wood railway stations and between local parks; sustainable drainage systems; flood prevention improvements to the dyke network; improved footpaths and cycle paths and new signage, lighting and street furniture.

It is anticipated the regeneration could bring more than 8,000 new jobs to the area.

Opening the new road, Mr Johnson said: “Enjoying these beautiful marshes and the Thames riverbank is now so much easier.

“It gives local people a great place to spend time, provides welcome relief to the workers from the hustle and bustle of a busy industrial park and makes the whole area more attractive for investors, with a great working environment for staff and fast access to the road network.”

Bexley Council leader, Councillor Teresa O’Neill said she was delighted Bexley had managed to secure funding for the project, adding: “Belvedere has tremendous potential and I hope that the improvements we’ve made will help establish it as a desirable location for employers looking to do business in the Thames Gateway."

After opening the road, Mr Johnson visited the roundabout between Picardy Manorway and Bronze Age Way where a new 6m high galvanised steel statue of a gipy cob horse was installed in February as part of the regeneration project.

Mr Johnson also met Mr Scott whose creation has already become popular with Bexley residents.
http://www.newsshopper.co.uk/news/90..._road_opening/
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 17th, 2011, 01:04 PM   #2386
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
Originally Posted by SO143 View Post
Very good, Heathrow can't grow if it doesn't expand.
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 17th, 2011, 02:04 PM   #2387
LondonFox
BANNED
 
Join Date: Nov 2010
Location: London, UK
Posts: 4,283
Likes (Received): 922

Quote:
Originally Posted by PortoNuts View Post
Very good, Heathrow can't grow if it doesn't expand.
Very true! Heathrow and Gatwick have long been overdue an upgrade on this scale.
__________________

Zefire liked this post
LondonFox no está en línea   Reply With Quote
Old May 17th, 2011, 08:05 PM   #2388
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
London Stock Exchange seen as takeover target if TMX Group bid fails

The London Stock Exchange (LSE) has emerged as a potential takeover target following the latest twists in the consolidation of bourses around the world.



Nasdaq OMX tried to buy the LSE five years ago and some analysts reckon the London bourse could be vulnerable to a predator if it fails to complete its C$3.2bn all-share offer for TMX Group, owner of the Toronto Stock Exchange.

The LSE is in the process of gaining regulatory clearance to merge with Canada's TMX Group but on Monday its shares jumped almost 7pc as City traders bet the exchange could soon be on the receiving end of a bid.

Dealers hoovered up LSE shares, which jumped 56½ to 884p, following news of a rival C$3.6bn (£2.3bn) takeover proposal for TMX Group from a consortium of Canadian financial institutions and Nasdaq OMX's decision to withdraw its $11bn (£6.7bn) hostile offer for NYSE Euronext.

Nasdaq OMX tried to buy the LSE five years ago and some analysts reckon the London bourse could be vulnerable to a predator if it fails to complete its C$3.2bn all-share offer for TMX Group, owner of the Toronto Stock Exchange.

In note to clients, James Hamilton, an analyst at Numis Securities, wrote: "Given the premium being offered [for TMX Group by the Canadian banks] we see the stand alone LSE offer has less than a 50:50 chance of success. The failure of the deal increases the risk of an offer being made for the LSE."

He added: "Post a failed deal the LSE's market position will be relatively small in the new larger exchange world.

For all platform businesses the minimum efficient scale is very large. Consequently, we believe the long-term strength of the LSE's market position is dependant on it finding increased scale."

Nasdaq OMX, and it bid partner Intercontinental Exchange (ICE), on Monday withdrew their hostile $11bn bid for rival NYSE Euronext because they did not think it would win US antitrust approval.

The withdrawal removes a major hurdle to NYSE Euronext's plans to sell itself to Germany's Deutsche Boerse for $10.2bn. That deal must still win regulatory and shareholder approval in Europe and the United States.
In a statement, Bob Greifeld, Nasdaq OMX chief executive, said his company was "surprised and disappointed" with the decision by US Justice Department antitrust regulators.

Mr Greifeld said it became clear that regulators would not give the go-ahead for a deal despite Nasdaq and ICE offering a variety of remedies to address antitrust concerns.

Combining Nasdaq and the NYSE would have brought the top two US stock exchanges together with a virtual monopoly on listings and dominance in trading cash equities and options.

NYSE Euronext's board twice rejected the unsolicited offer, so Nasdaq was forced to go directly to NYSE Euronext's shareholders.
Apart from the LSE, Nasdaq OMX could look at other exchanges such as Singapore exchange SGX.
http://www.telegraph.co.uk/finance/m...bid-fails.html
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 17th, 2011, 08:07 PM   #2389
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Osborne launches new research centre in London's 'Tech City'



Chancellor George Osborne has announced plans to unlock more government datasets over the next 12 months with a new research centre based in London's "Tech City".

Speaking at Google's Zeitgeist conference in London, Osborne said the data will be used to help families choose GPs and check the performance of hospital departments, teaching quality and crime reports.

"Our ambition is to become the world leader in open data, and accelerate the accountability revolution that the internet age has unleashed," he said.

The impact of the open data revolution is "profound", Osborne said, and he wants the UK to be "at the forefront of this new wave of innovation".

Imperial College London and University College London will help create the Shoreditch-based research centre, which will focus on energy, transport and social data, in a commercial partnership with companies.

Osborne also announced the appointment of Beth Noveck, previous head of Barrack Obama's Open Government Initiative.

Noveck has been recruited to work alongside Martha Lane Fox, Tim Kelsey and Tom Steinberg to harness new technologies to make government more innovative and accountable, he said.

Move to online services

During his speech the chancellor also reiterated the government's commitment to moving services online-only, citing the reduction of processing costs for driving licences from £10 to £2 as a benefit of this model.


"In all our reforms we assume that public service delivery can be shifted online - and officials and ministers have to justify why any aspect needs to be delivered through traditional offline channels," he said.

"We are designing the universal credit system with online delivery in mind right from the start - not as an expensive afterthought," Osborne added.

However, the chancellor acknowledged the ongoing challenge of connecting the nine million people currently not online - the majority of those being the demographic most reliant on public sector services.
http://www.computerweekly.com/Articl...39s-39Tech.htm
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 17th, 2011, 09:39 PM   #2390
486
North Greenwich Express
 
486's Avatar
 
Join Date: Jun 2009
Location: London
Posts: 190
Likes (Received): 51

Derwent in Covent Garden deal

Derwent London joined the wheeler-dealing rush in the central London property market today, when it sold off part of Covent Garden and raised £175 million for new acquisitions.

The firm is selling five, non-core buildings in King Street and Floral Street - boasting tenants including Hackett and Carluccio's - to fellow property company Capital & Counties, which raised £100 million to fund its own buying spree two weeks ago.

A shortage of office space in central London is also playing into the hands of the major landlords.

Chief executive John Burns said Derwent had seen its best quarter for lettings since the end of 2008.

Lettings achieved so far in 2011 have been more than 8% above estimated values at the turn of the year amid "terrific demand" from tenants.

He said: "There are two different worlds - London and the London economy, and the rest of the country which is having a much tougher time."

http://www.thisislondon.co.uk/standa...garden-deal.do
486 no está en línea   Reply With Quote
Old May 18th, 2011, 11:47 AM   #2391
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
Henderson, SWF buys London office campus for over EUR 217m

Henderson Global Investors and a Canadian sovereign wealth fund have jointly acquired the widely sought after Leadenhall Triangle office complex in the City of London for a figure substantially in excess of £190 mln (EUR 217 mln). The asset was last valued at £140 mln.

Henderson advised the Canadian fund which will own a third of the 42,700-m2 asset. The other two thirds is being divided equally between Henderson's Central London Offices Fund I and Fund II.

The former owners of the campus, clients of property fund manager Investream, brought in special servicer Hatfield Philips in June last year due to concerns about the ability to repay a £171 mln debt secured against the five-building site.

The campus has development potential for a further 116,000 m2.

Hatfield Philips put the site in administration under PWC in November after the loan was not repaid. Property advisory Cooke and Powell was subsequently appointed as asset manager and has stabilised the income stream by 'high-quality, old-fashioned asset management' ahead of the sales process, Simon Cooke, of Cooke and Powell, said.

The asset has around 60 tenants on long leases, with only about 10% of the lettable area vacant.

Henderson and its Canadian partner clinched the deal last Friday. The sale is understood to have generated fierce competition with interest being expressed by a wide range of international investors. About a dozen final bids were received before Henderson and a second bidding round had been considered, Cooke said.
http://www.propertyeu.info/index-new...-for-eur-200m/



Quote:

Land Securities Leads Property Stocks Higher With Biggest Rise Since 2009


Land Securities Group Plc (LAND), the U.K.’s largest real estate investment trust, led property stocks higher with the biggest increase in 21 months after reporting that full-year profit increased 14 percent.

Land Securities gained as much as 56 pence, or 7.6 percent, as of 8:41 a.m. That’s the biggest gain since August 2009 and the largest increase on the European benchmark Stoxx 600 index. British Land Co. Plc was the second-best performer on the index.

“I was blown away by these results, they are fantastic,” Harm Meijer, an analyst at JPMorgan in London, said by phone. “This sends a very positive vibe through the U.K. property sector.” Meijer has an “overweight” rating on the stock.

Land Securities and other developers have revived office projects in central London in the past year to take advantage of a rebound in rents after most plans for new buildings were shelved during the property recession. A total of 6.4 million square-feet (595,000 square-meters) of space is currently being built across 25 projects in central London, more than double six months ago, Drivers Jonas Deloitte said May 3.

British Land rose as much as 6.1 percent to 613 pence following the Land Securities’ earnings report, also the biggest gain since August 2009. The U.K.’s second-largest real estate investment trust is reporting annual results on May 23. Hammerson Plc, the U.K.’s third largest REIT, gained 4.6 percent to 485.6 pence, the most since November.

In January, Land Securities started work on a joint venture with Canary Wharf Group Plc to build the Walkie-Talkie tower in London, a project it shelved in 2008. The 37-story skyscraper in the City of London will cost 500 million pounds ($791 million) to develop and is scheduled to be completed in 2014.

Net asset value rose 20 percent to 826 pence a share. Net income for the 12 months ended March 31 climbed to 1.24 billion pounds, or 162 pence a share, from 1.09 billion, or 144 pence, a year earlier, the London-based company said in a statement today. Analysts projected profit of about 979 million pounds, according to the average of four estimates in a Bloomberg survey.

Positive Outlook

“We expect the positive indicators to continue,” Chief Executive Officer Francis Salway said on a conference call. “We set out a plan ahead of the rest of the market and it has delivered a tangible return. We’re confident the same plan will drive earnings growth.”

Salway said the Walkie-Talkie is being built on a “speculative” basis, so it’s not essential to have tenants already committed to take space in the tower. A number of older buildings have leases that expire in the next couple of years and Land Securities should benefit from that, he said.

The value of Land Securities’ assets increased by 908.8 million pounds in the fiscal year, compared with a rise of 863.8 million pounds a year earlier.

Total real estate purchases in the year stood at 407 million pounds at an average yield of 5.2 percent, the company said. Property sales totaled 687 million pounds in the period. The company increased its dividend by 0.7 percent to 28.2 pence a share.

The company has also started work on a 230,000-square-foot office complex in the Victoria district of west London, and has won consent to construct a 75,000-square-foot office building in Cannon Street that’s due to be completed in 2012.

The FTSE 350 Real Estate index, which includes Land Securities, increased 4.1 percent, the most since November.

To contact the reporter on this story: Tim Barwell in London on [email protected].
http://www.bloomberg.com/news/2011-0...ince-2009.html
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 18th, 2011, 11:52 AM   #2392
SO143
BANNED
 
Join Date: Feb 2011
Location: Bournemouth
Posts: 20,896
Likes (Received): 3624

Quote:
London Stock Exchange on takeover radar

LONDON — The London Stock Exchange has become a credible takeover target as it faces a battle to merge with its Toronto counterpart and after NYSE Euronext beat off a hostile approach, analysts said.
LSE Group, led by chief executive Xavier Rolet, insists it is committed to a merger with its Toronto counterpart, TMX Group, after a Canadian consortium launched an informal takeover bid that could derail the deal.
As LSE weighed up its next move, Nasdaq OMX and IntercontinentalExchange (ICE) abandoned their hostile takeover bid for NYSE Euronext, opening the way for the New York exchange's merger with German powerhouse Deutsche Boerse.
All this searching for the right merger, and the ensuing economies of scale, sets up a possible takeover approach for LSE, according to some analysts.
The "announcement of Nasdaq/ICE withdrawing its offer... and the interloping deal on TMX makes LSE a credible target", UBS bank analyst Arnaud Giblat said on Tuesday.
LSE in February launched a merger with TMX, but over the weekend the Canadian outfit revealed that it has received an informal approach from Maple Group Acquisition Corporation, worth 20 percent more.
The grouping of Canadian financial institutions and pension funds values TMX at about 3.58 billion Canadian dollars (US$3.69 billion), according to various media reports.
"Given the premium being offered we see the stand-alone LSE offer has less than a 50:50 chance of success," Numis Securities analyst James Hamilton wrote in a note to clients.
"The failure of the deal increases the risk of an offer being made for the LSE."
Hamilton added that if the deal fails "the LSE's market position will be relatively small in the new larger exchange world. For all platform businesses the minimum efficient scale is very large.
"Consequently, we believe the long-term strength of the LSE's market position is dependent on it finding increased scale."
Should LSE succeed in merging with TMX, one of the world's biggest trading platforms would emerge, dominated by deals for commodities.
Rolet's predecessor Clara Furse oversaw the LSE's merger with Borsa Italiana in 2007 and was successful in brushing off a number of hostile takeover approaches.
The Nasdaq failed to seize the LSE during a series of bids between 2005-07, as global stock markets sought consolidation.
On Monday, Nasdaq and ICE dropped their aggressive $11.3 billion bid for NYSE Euronext -- opening the way for the New York exchange's merger with German powerhouse Deutsche Boerse -- after US antitrust officials threatened to sue to block their bid.
Deutsche Boerse has itself failed three times to buy the LSE -- in 1998, 2000 and 2005 -- as it sought to keep ahead of arch-rival Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon exchanges.
In recent years, LSE has also attracted major investment from Dubai and Qatar.
http://www.google.com/hostednews/afp...bd664ccbd6e.61
__________________

Zefire liked this post
SO143 no está en línea   Reply With Quote
Old May 19th, 2011, 02:45 AM   #2393
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
Google Grabs Huge Office Space In London

Google has just rented out offices roughly the size of three football fields, in London’s biggest letting deal this year.

The search giant is taking 160,000 square feet at the colorful Central Saint Giles development in the city’s West End, nearly half of the development’s 400,000 square feet of available office space. Notable neighbors will include NBC Universal. A source close to the deal tells me Google is paying roughly £65 per square foot, suggesting an annual rental bill of £10.4 million ($16.8 million) for the new digs. Sony and Facebook had also been interested in the space.

Google is renting the new offices to expand on the space it already has on Buckingham Palace Road near Victoria Station. Some staff will stay in the old offices while others will move to the new space, though they will by no means fill it, the source added.

That suggests Google has aggressive hiring plans or is planning a local acquisition that will see it move a large swathe of new staff into the vibrant offices. According to Property Week, Google has a break clause on the lease for 2016, which is when its lease expires in other parts of London.

Google will be moving in later this year, and its managing director in the UK, Matt Brittin, said it would be fitting the new offices out over the next few months, “in Google style.” The development was designed by Renzo Piano, the architect behind London’s iconic “Shard” skyscraper, currently under construction. “This is all part of our continued investment in our UK operations, and we’re hiring rapidly across all our teams,” Brittin said.
http://blogs.forbes.com/parmyolson/2...ace-in-london/

Quote:
Google rents a massive, second office in London

At the end of January, Google scooped up a snazzy 40,000 square ft office in London, UK at 123 Buckingham Palace Road. Now today, as Forbes reports, Google has snagged a 160,000 square ft in the city’s West End at the colorful Central Saint Giles development, claiming nearly half of the development’s 400,000 square feet of available office space that Sony and Facebook had reportedly been interested in as well.

A source close to the deal told Forbes’ Parmy Olson that Google is paying roughly £65 per square foot, suggesting an annual rental bill of £10.4 million ($16.8 million). While much of its staff will stay in the old offices, Google will barely fill the new space, suggesting either aggressive hiring plans or perhaps a local acquisition in London’s slowly blossoming startup scene.

Google’s managing director in the UK, Matt Brittin, said to Forbes that it would be designing the new digs, “in Google style,” and that “This is all part of our continued investment in our UK operations, and we’re hiring rapidly across all our teams.”
http://thenextweb.com/google/2011/05...ice-in-london/
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 20th, 2011, 08:36 PM   #2394
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
London residential eco tower greenlighted

Silvertree, a landmark 24-storey ‘green’ apartment tower located in London’s Royal Docks, has been granted planning approval. The £80m development will commence construction in summer 2011, and will be completed in late 2012.

The eye-catching eco tower will be home to 161 high quality, state-of-the-art one, two and three bedroom apartments, as well as retail, office and commercial units, and a café located on the ground floor. The tower will be the most significant new residential development yet in the London Borough of Newham. Apartment prices start from £250,000.

The building will be visually striking and is wrapped with curved aluminum bands on two sides that will provide solar shading and electrical power from embedded photovoltaic panels and solar water heating,

Richard Hywel Evans of Studio RHE, the award-winning architect who has designed Silvertree, said, “The tower is a super cool, post-crunch design that raises the benchmark for living and eco friendly architecture in Docklands. Silvertree’s solar PV panels, use of ground source and biomass to generate heat combined with high levels of thermal insulation mean not only will it feel comfortable to live in but it will also cost residents very little to run. It takes contemporary apartment living in London to new heights.”

Silvertree is situated just half a mile from the Olympic Stadium, and has excellent travel connectivity due to the implementation of several new transport projects. Located near to the point where the new Thames crossing cable car, which links Greenwich with the Royal Docks, and the new Crossrail Custom House station are being built, Silvertree is directly connected with the City of London and beyond to Heathrow. The existing Royal Victoria DLR station connects Silvertree to Canary Wharf, with Stratford main line station within 15 minutes by rail. London City Airport is two stops away on the DLR.

Set on the waterfront overlooking the Royal Victoria Docks, adjacent to the £35m Siemens Expo building, Silvertree will have a large roof terraces, and communal gardens opening on to the dockside. To ensure residents will enjoy a high quality of life, Silvertree will be built to Design for Life standards, as well as to Code for Sustainable Homes level 4, well in advance of statutory requirements to do so.

London Mayor Boris Johnson’s office has endorsed Silvertree as a significant new development for London. John East, Director Planning and Development Services for the London Borough of Newman, said: “We are very positive about the scheme. Supported by CABE, it has the potential to set a new standard for residential design in the Royal Docks, which we welcome. When completed it will form one element of an exciting cluster of new buildings, alongside the £30m Siemens Sustainability Centre and the new cable car access point linking The Royals and Greenwich.”





http://www.architectnews.co.uk/londo...ghted-cms-1956
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 21st, 2011, 01:04 AM   #2395
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Alberta House

by chest.

















__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 21st, 2011, 05:00 PM   #2396
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
Asia’s Rich Look to London Property Investments

Asian private banking clients are investing in property in developed markets including London to curtail risks, according to Standard Chartered Plc (STAN), the UK lender that makes most of its profit in the region.

“We’re seeing quite a flow into the UK, into prime property in London, both commercial and residential,” the bank’s global head of private banking, Shayne Nelson, said in an interview in Singapore. “The global financial crisis certainly affected risk appetite and it’s not anywhere near back to what it was.”

Standard Chartered will focus on emerging markets for private banking growth as it seeks to woo millionaires in Asia, the Middle East and Africa, Nelson said. Asia, which generated a record 5.9 billion pounds ($9.5 billion) in revenue for the London-based bank last year, will have more rich people than the Americas for the first time by 2013, he said.

“The wealth creation in Asia is pretty incredible,” Nelson, 52, said yesterday. “In China, there are 477,000 high- net worth individuals, or people with $1 million or more of cash to invest. And it’s not just China, but India and Indonesia.”

Private banking assets under management globally grew 31 percent to $46 billion as of Dec. 31, according to a 2011 outlook statement issued March 2 by the bank. Assets in Asia, where Standard Chartered is the sixth-largest private bank, increased 39 percent as the region’s economic expansion drove demand for credit cards and wealth management services.

Wooing Business Owners

Growth this year will be driven by selling more products and services to Standard Chartered’s existing wholesale and consumer banking clients, Singapore-based Nelson said. About 64 percent of high-net worth individuals are business owners, he estimated.

“Because we have a huge business base, especially in places like India, tapping into that is very important,” he said. “We’ve got the clients and they have private banking relationships, just not with Standard Chartered.” One of the biggest risks to growth is an industry-wide escalation in costs as staff expenses increase, Nelson said. The bank expects to hire another 300 private bankers globally by 2013, bringing the total to 750, Nelson said at a conference in October.

“We’re seeing cost escalation right across the board,” Nelson said from Singapore, where Standard Chartered employs 150 private bankers. “That’s because there is huge wealth accumulation in Asia and not enough private bankers.”

Nelson was appointed to his current role in April last year to replace Peter Flavel, who later quit. A 14-year veteran of the bank, Nelson is also chairman of Standard Chartered Saadiq, its Islamic banking unit, and was previously chief executive officer of operations in the Middle East and North Africa, based in Dubai.
http://www.bloomberg.com/news/2011-0...ered-says.html

Quote:
Asia’s rich invest in London

Asia’s rich are increasingly investing in property in mature markets such as London, according to Standard Chartered plc. Investors want to curtail risk and London is considered a safe place to place money.

Talking to Bloomberg, the bank’s global head of private investment Shayne Nelson said, “We’re seeing quite a flow into the UK, into prime property in London, both commercial and residential.”

The bank generated a record £5.9 billion (US$9.5 billion) from Asian investors last year and plan to focus on emerging markets for private banking such as Asia, the Middle East and Africa. “The wealth creation in Asia is pretty incredible,” Nelson said. “In China, there are 477,000 high- net worth individuals, or people with US$1 million or more of cash to invest. And it’s not just China, but India and Indonesia.”

Private banking assets under management globally grew 31 per cent to US$46 billion as of December 31, according to a 2011 outlook statement issued March 2 by the bank. Assets in Asia increased 39 per cent as the region’s economic expansion drove demand for credit cards and wealth management services.
http://www.property-report.com/site/...n-london-13616
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 21st, 2011, 06:35 PM   #2397
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
Croydon Council Hub

64m high

14 floors (+2 underground)

Estimated completion Summer 2012





http://www.epr.co.uk/projects/archit...civic-offices/
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 22nd, 2011, 12:13 AM   #2398
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
Land Securities to build on London office shortage

Land Securities signalled its intention to build more prime London offices yesterday to exploit the prospect of an "even more acute"-than-expected gap between supply and demand.

Numerous office projects were put on hold when the financial crisis struck in 2008. But while the economic recovery, and the stability in the fortunes of the financial sector, has led to a revival in demand, supply levels remain constrained.

"Consistent with our view last year, we expect the strongest rental value growth to occur for our London offices and we continue to believe that the best way to capture this is by undertaking speculative development projects in the best locations in London," said Francis Salway, Land Securities' chief executive.

He added that the expected under-supply in office space in the capital "may be even more acute than originally forecast". His comments came as Land Securities, which is involved in building the "Walkie-Talkie" tower at 20 Fenchurch Street and One New Change near St Paul's Cathedral, revealed that its net asset value stood at 826p per share at the end of March, up nearly 20 per cent from a year ago.
http://www.independent.co.uk/news/bu...e-2286034.html
__________________
Got one head for money and one head for sin..
PortoNuts no está en línea   Reply With Quote
Old May 22nd, 2011, 12:12 PM   #2399
LondonFox
BANNED
 
Join Date: Nov 2010
Location: London, UK
Posts: 4,283
Likes (Received): 922

Quote:
Maple Group bid for TMX 'inadequate'

A bid for TMX Group Inc. by a consortium of banks and pensions funds was rejected by the board of the Toronto Stock Exchange owner late Friday as "inadequate."

A bid for TMX Group Inc. by a consortium of banks and pensions funds was rejected by the board of the Toronto Stock Exchange owner late Friday as "inadequate."

After consulting with financial advisers and outside counsel, the TMX directors concluded the Maple Group bid "does not constitute a superior proposal" to a planned $3.2-billion merger with the London Stock Exchange Group PLC.

"The board's view is that the merger with LSEG continues to be in the best interests of TMX Group and its shareholders and stakeholders," said Wayne Fox, chairman of the TMX board of directors.

In a statement issued after markets closed, the board of TMX said "the financial consideration proposed by the Maple consortium is inadequate" because there would be a change of control at TMX Group.

Further, the bid contemplates "a significant increase in leverage" which would generate "much, if not all, of the earnings accretion" the transaction would create, according to the directors.

The Maple bid anticipates outstanding debt of about $1.1 billion if it is successful, according to the statement.

Maple Group Acquisition Corp. -made up of TD Securities Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Alberta Investment Management Corp., Ontario Teachers' Pension Plan, Caisse de depot et placement du Quebec, Canada Pension Plan Investment Board, and Fonds de solidarite des travailleurs du Quebec -bid for the TMX Group in an attempt to create a Canadian champion.

But a TMX statement said the increase in the amount of debt to earnings could "constrain TMX Group's ability to execute and implement strategic opportunities in the future without providing offsetting business benefits to TMX Group."
http://www.canada.com/theprovince/ne...ovince+-+Money)
__________________

Zefire liked this post
LondonFox no está en línea   Reply With Quote
Old May 22nd, 2011, 10:58 PM   #2400
PortoNuts
Registered User
 
PortoNuts's Avatar
 
Join Date: Apr 2008
Location: Porto
Posts: 23,946
Likes (Received): 7197

Quote:
Twitter is still coming to London despite super-injunction row

The British brouhaha surrounding the mass online breach of so-called “super injunctions” will not deter Twitter from opening a new office in London. In fact, it looks as though its first UK-based employee is Tony Wang, who moved over from San Francisco this very weekend.

But it remains unclear whether Twitter will join the start-ups on Silicon Roundabout or follow Google and Facebook to Soho. Recent days have seen thousands of Twitter users breach a privacy order banning publication of the name of a footballer, who is alleged to have had an extramarital affair with Big Brother contestant Imogen Thomas. It emerged on Friday that the footballer – known only as CTB – has filed a disclosure order against Twitter Inc and “persons unknown regarding the publication of information on Twitter accounts”. Twitter declined to comment on the action.

Lawyers have said that Twitter’s lack of a presence on British soil could be a complicating factor in enforcing the order over the California-based company. Some had speculated that the legal risks of bringing an outpost to the UK – which has some of the strictest libel laws in the world – could make Twitter think twice.

Not so, Twitter’s VP of communications, Sean Garrett, said via e-mail on Friday evening: “We are still planning on opening a London office soon. We haven’t made any decisions on a European headquarters yet.” According to his own Twitter profile, Tony Wang has already relocated to London from Twitter HQ to “get us started in the UK”, an outpost that will primarily be focused on advertising sales and partnerships.

Several reports have suggested that the government has been trying to lure Twitter to Shoreditch as part of its “East London Tech City” scheme. But a Soho or Covent Garden location is also being considered, for proximity to many of the big advertising agencies. Twitter’s jobs page shows it is looking for an account executive, sales account manager and communications manager, as well as a business development role to manage partnerships with mobile operators and handset makers.

Social-media rival Facebook’s London office is just off Regent Street in Soho, although its European HQ is in Dublin. Google, which recently opened a second office in Victoria, announced last week that it had leased 160,000 square feet of the Central St Giles development, a suitably multicoloured structure between Soho Square and Holborn.

One property agent told the FT earlier this year that Twitter was looking for space in London for around 60 people, although another person familiar with the discussions said they doubted that the initial headcount was so high.

Twitter already has an outpost in Japan but it looks as though London will be its first in Europe. In spite of the legal challenges, the timing could be good given the renewed interest in Twitter that the super-injunction case has generated. Google searches for Twitter saw a huge spike on May 9, when news of the injunction-breaching account was splashed on newspaper front pages, and the official Twitter iPhone app is currently back in the App Store top 10.

Tony Wang – “I work at Twitter doing deals”, according to his bio on the site – has been tweeting during visits to London since April, meeting with the likes of Mark Kleinman, the Mayor of London’s assistant director for economic and business policy: Real estate cost in London is staggering. Do Londoners live in London or is it case of no-one-lives-in-London-anymore-cuz-its-too-crowded?

Yesterday, he indicated that he had packed up and was on his way to London: and just like that, our family moved out of the U.S., and so has my parents’ free IT support.

So a final decision on the London office’s location seems imminent. The official @TwitterUK account has already been pondering decorations: At HQ chatting about how to make the (forthcoming) @TwitterUK office chirp w/ Twitter charm. Ideas for art? Color? Local logo? Tea Time?

“Color”? Hopefully Londoners will give Twitter a British-English dictionary as a housewarming present.
http://blogs.ft.com/fttechhub/2011/05/twitter-london/
__________________
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 11:41 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