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Old June 17th, 2011, 01:19 AM   #2461
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Tate Modern Extension going at full steam.

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Old June 17th, 2011, 01:41 AM   #2462
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30+ storey tower to fund Elephant & Castle swimming pool

A tower of at least 30 storeys will be built alongside the Metropolitan Tabernacle to fund a new leisure centre at Elephant & Castle, according to a new council report.

A report by council officers presented to Cllr Richard Livingstone, cabinet member for resources, reveals a few new details about the Elephant & Castle Leisure Centre project.

If the project proceeds on time, the new centre could be completed by spring 2014. The council proposes to use 4 Futures, the local education partnership 80 per cent owned by Balfour Beatty, to carry out the development and avoid the need for a EU-compliant procurement procedure.

The council has always said that it planned to sell the front part of the site for residential development to help fund a new leisure centre. The report reveals that the council's cabinet will this month be asked to approve the sale of part of the existing leisure centre site to Lend Lease, the borough's Elephant & Castle development partner.This will give Lend Lease its first local land holding outside the Heygate Estate footprint.

The documents published this week reveal that the likely development will take the form of a "30-storey plus residential tower" which will sit in front of the new leisure centre.

A 30-storey tower would be roughly three quarters the height of nearby Strata SE1 and the proposed 360 tower on the other side of St Mary's Churchyard. Despite a campaign led by local councillor Geoffrey Thornton, the council has now ruled out providing any squash courts in the new leisure centre.

"Officers have looked, with the sport's governing body, at a number of ways in which squash courts could have been accommodated in the new centre," says Gill Davies, the council's environment director. "Unfortunately, this would have been possible without the considerable diminution of other provision within the centre or loss of public space and building land outside the centre.

"Neither of these outcomes is desirable. The centre currently has no pool and the facilities are of poor quality but of over 100,000 sports-related visits to the centre in recent years under 10 per cent of these were to play squash. Although the loss of the squash courts is regretted it must be balanced against the huge benefits that all the other modern and high quality facilities in the new leisure centre will bring to local residents and visitors.

"In addition to the sports hall; gym and space for dance and exercise the new pools will bring back an amenity which has been missing from the area for almost fifteen years."

One obstacle that could hold up the scheme is the likely presence of human remains underneath the development site. Part of the leisure centre was built on land that was formerly included in the churchyard of St Mary Newington. Trial excavations, with the permission of the Diocese of Southwark, are due to be carried out this summer.
http://www.london-se1.co.uk/news/view/5344
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Old June 17th, 2011, 10:24 AM   #2463
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Newington Causeway Tower Approved

Plans for a new residential tower in Elephant and Castle, part of south-east London, have been approved by Southwark council.



The project at 89-93 Newington Causeway sits on a site on the opposite side of the road to Eileen House, and if built will be another step in the growing density of the area. Elephant and Castle does however have something of a log-jam of tall building projects with the only thing of height having actually gone up recently being Strata which was completed last year.

Designed by Panter Hudsmith with strong vertical lines and a basic triangular footprint, the building will stand at a height of 67.35 metres, almost half the height of Eileen House, with a mere 38 apartments contained within. The lower floors of the tower will be taken up by 65 square metres of space for a café or restaurant unit, along with 417 square metres of office space. Exterior space will be provided for residents in the form of recessed balconies behind the corners of the building, along with sky gardens.

Topping the building, as with Strata will be wind turbines although these will not be integrated into the building structure. These drive the overall height of the scheme up to 82.2 metres and will go some way towards to fulfilling the electricity needs of the tower.

Prominent objections to the proposals came from the Ministry of Sound superclub which is situated nearby. The club, which had previously objected to Eileen House, fears that the increase of residential properties in the area will put their license under threat as the new occupiers will complain about the noise. There's no word yet on when the project could actually see construction.
http://www.skyscrapernews.com/news.php?ref=2871
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Old June 17th, 2011, 12:02 PM   #2464
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Thames Water pledge not to use Shadwell Park for ‘super sewer’ construction

Families campaigning to prevent Shadwell Park being turned into a seven-year construction site for London’s new ‘super sewer’ have won the first round in their battle.

Thames Water has agreed to find an alternative ‘brownfield’ site instead of using East London’s King Edward Memorial Park. It is looking at a trading estate nearby, rather than the park itself.

But the plans still look like going ahead for a 45ft-high ventilation shaft on the riverbank in front of the park a mile east of Tower Bridge, which would leave a permanent ‘legacy’ campaigners say would spoil the area.

“Ultimately we want to save the park,” campaign vice-chair Emma Dunsire told the East London Advertiser. “We need the foreshore option to be dropped altogether, including the ventilation shaft that would damage the environment.”

An access road would still intrude into the park, they calculate, with 100 mature trees being felled, losing a football pitch, children’s playground, memorial benches and a bandstand. It would also cut through the riverside wildflower meadow where the rare stag beetle breeds, which campaigners argued is vital to maintain biodiversity along the Thames.

The ‘super sewer’ is planned under the riverbed from Brentford to the Isle of Dogs to relieve London’s ageing Victorian system that now regularly spills into the Thames.
http://www.eastlondonadvertiser.co.u...ction_1_921122
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Old June 17th, 2011, 03:32 PM   #2465
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Originally Posted by wjfox View Post
http://www.bbc.co.uk/news/uk-england-london-13782822




St Paul's Cathedral completes £40m restoration project

St Paul's Cathedral has completed its £40m restoration project.

The St Paul's Cathedral programme of cleaning and repair took 15 years and is one of the largest restoration projects ever undertaken in the UK.

It is the first time in its history that St Paul's has been comprehensively restored inside and out.

The culmination of the cleaning project coincides with the 300th anniversary of the cathedral being declared complete by Parliament.

'Wren's original vision'

It is also the first time in 15 years that the landmark is free from scaffolding.

A service will be held to celebrate the 300th anniversary on Tuesday 21 June.

The project has seen the west front cleaned and repaired while the interior of the cathedral has been transformed by state-of-the-art conservation techniques.

The Right Reverend Graeme Knowles, Dean of St Paul's, said: "The two million worshippers, pilgrims and visitors who come to St Paul's each year can now witness [Sir Christopher] Wren's original vision and see the cathedral as fresh as the day it was completed."

Martin Stancliffe, Surveyor to the Fabric, who has overseen the restoration project, described it as a "privilege - and an extraordinary experience".

"This great building is now in a sound state, and probably looks better than at any time since its completion in 1711," he said.

St Paul's is the cathedral church of the diocese of London, which it has served for over 1,400 years.

Charles II

Each year nearly two million people visit the cathedral for services, concerts, debates, educational events, performing arts and sightseeing.

A cathedral dedicated to St Paul has stood on the same site since 604AD.

Sir Christopher Wren's 300-year-old masterpiece is the fourth one to have been built there.

Court architect Wren was commissioned by Charles II to build the cathedral after its predecessor was destroyed in the Great Fire of London in 1666.

It took Wren a decade to design the building and 40 years for it to be built.
I bet it looks absolutely stunning inside!
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Old June 17th, 2011, 06:17 PM   #2466
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Website: http://www.principalplace.co.uk/

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CMS Cameron McKenna to prelet Hammerson City scheme

Law firm CMS Cameron McKenna has signed heads of terms to take a prelet at Hammerson’s Principal Place scheme in the City.

The law firm has agreed to take up to 200,000 sq ft of the 591,000 sq ft scheme, in one of the most prominent prelet deals so far this cycle. The deal will allow Hammerson to begin construction on the scheme at the northern end of Bishopsgate.

The law firm, advised by CB Richard Ellis, has been searching for a prelet for more than two years, as it looks to move ahead of its lease break at Mitre House in 2015. There has been an expectation that several large firms that need to move ahead of lease breaks in 2014 and 2015 will take prelets at new City developments, and CMS follows in the wake of Aon agreeing a deal at British Land and Oxford Properties’ 122 Leadenhall Scheme.

Other firms looking at prelets include Schorders and Jardine Lloyd Thompson. ’We’re delighted to have agreed heads of terms with CMS for a partial pre-let at Principal Place, one of our major London office developments,’ Hammerson said.
http://www.propertyweek.com/news/cms...019935.article
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Old June 17th, 2011, 06:36 PM   #2467
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Over £16.5 Billion Invested in London Property

...
http://www.moneyavenue.co.uk/news/lo...perty-884.html
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Old June 17th, 2011, 10:09 PM   #2468
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Great news. If they build the office part (the groundscraper), they will almost certainly build the Norman Foster-designed residential tower too.

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Old June 17th, 2011, 11:32 PM   #2469
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I certainly hope so, it would be a good filler.
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Old June 17th, 2011, 11:37 PM   #2470
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City of London homes in on planning reform

For nearly a century the custodians of the Square Mile have jealously guarded its commercial character by ensuring that its streets are lined almost exclusively with office blocks.

But now the City of London has warned that the government’s plan to relax planning rules across the country could seriously damage its international competitiveness. Eric Pickles, the communities secretary, wants to make it easier for developers to change the permitted use of buildings from offices to residential or vice versa.

At the end of the 19th century, more than 75,000 lived in the City. But since the first world war the population has thinned to fewer than 10,000, mainly concentrated in the area around the Barbican. That has allowed the rest of the City to concentrate on attracting some of the world’s leading banks and insurance companies.

But Mr Pickles’ plan would remove the obstacles for developers to switch buildings’ use – and with residential values in the City about 40 per cent higher than office rates, there is a financial incentive for them to do so. That could lead to a shortage of office space when the economy moves forward again, according to Stuart Fraser, policy chairman of the City of London Corporation, who says he continually receives requests from developers to build homes in the area.

Mr Fraser is holding talks this month with Mr Pickles and Bob Neill, local government minister, to raise his concerns. The corporation is also setting out its criticism in a written response to the consultation.

“Frankly, offices in a 24-hour city doesn’t mix with residential,” Mr Fraser told the Financial Times. “In a residential area you can’t disturb anyone beyond 9.30 in the evening. That doesn’t work in the City where we have 24-hour deliveries, and have encouraged lots of bars and clubs.” He said the policy of allowing easier conversions was laudable nationally as it would encourage more affordable housing – but in some office quarters it was inappropriate, citing Manchester and Birmingham as well as the City.

“If developers were to turn offices into residential blocks when times were tough, the City’s ability to attract new firms when the market picked up would be reduced,” he said. “Clearly such changes could pose a threat to the City’s international competitiveness.”

One Whitehall source said the corporation would still be able to influence new-build development – if not conversions – in the area through its local plan. David Camp, chief executive of Stanhope, a developer, said the area would have more “variety and vibrancy” if it boosted the residential quotient in its northern and eastern fringes. However, another developer said the “clusters” of towers and low-rise offices in the commercial centre of the Square Mile needed to be protected from interference from residents.

Hammerson’s attempts to build a new City headquarters for JPMorgan in 2008 were halted by residents of the Barbican, who objected to the size and proximity of the building. JPMorgan had to move to Canary Wharf to find a suitable site.

The City has agreed on some new residential schemes in the past, most prominently on a site next to Moorgate where Heron is constructing a tower with 120 flats starting at £500,000. One of the City’s objections is that under the new rules developers will circumvent the planning process, depriving councils of payments typically made in exchange for permission.

These so-called section 106 tariffs are often used to fund infrastructure and local services. As part of the Heron tower development in the City, for instance, facilities will be built for the Guildhall School of Music & Drama.
http://www.ft.com/cms/s/0/ecdbf8fa-9...#axzz1P5ae1EC7
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Old June 18th, 2011, 12:20 AM   #2471
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Competitiveness of Square Mile offices 'saved by government decision'

The international competitiveness of City offices has been saved by the decision not to list Broadgate, a senior official has said.

Writing in the London Evening Standard, Stuart Fraser, the City of London's chairman of the Policy and Resources Committee, stated that the decision to turn down the application by English Heritage means development in the financial hub can continue.

He noted his concerns about the consequences had UBS not been allowed to establish its European headquarters in London's Square Mile."The Square Mile is - and always has been - first and foremost a place of business," Mr Fraser asserted in the newspaper, adding that while it is important to protect the heritage of some City offices, the corporation "must also be responsive to the business needs of current and potential future occupiers".

A meeting between himself and Communities and Local Government secretary Eric Pickles has been planned so Mr Fraser can put forward suggestions on how to protect the business prestige of the City.

On hearing the news that 1-4 Broadgate would not be listed, British Land chief executive Chris Grigg said development of new corporate space including four trading floors within a 700,000 sq ft building can now forge ahead.
http://www.mellersh.co.uk/News/Compe...800582355.aspx
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Old June 18th, 2011, 06:02 AM   #2472
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Pembury Circus Approved

Fraser Brown MacKenna Architecture has won outline planning permission for a new development in the London borough of Hackney.



Designed as a residential-led scheme with 280 apartments it also features 738 square metres of ground floor retail space, a 1,105 square metre community centre as part of the planning gain for the scheme, a 191 square metre nursery to pawn your children off to, and a 117 square metre to gym you can pump iron in. Planning gain also comes in the form of a much needed new route between Dalston Lane and Tolsford Road that should help connect the two up much better than they are now.

The scheme is a joint venture between private housing developer, Bellway Homes, and the Peabody Trust who are famed for their work in developing social housing. With this in mind, there are to be 120 affordable and social housing units within. The project has been designed to stand at Pembury Circus near Dalston in east London, one of the main through-fares, Tolsford Road, and as such represents something of a landmark building for the area standing up to 14-storeys tall.

With outline planning permission secured, the next step for the development will be a detailed planning application that lays out the scheme in more depth, allowing it to get full planning permission.
http://www.skyscrapernews.com/news.php?ref=2877
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Old June 18th, 2011, 04:17 PM   #2473
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The Place next to the Shard.

by anthonySE1.

[IMG]http://i52.************/fdvo5j.jpg[/IMG]

[IMG]http://i53.************/25svtyb.jpg[/IMG]
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Old June 18th, 2011, 07:11 PM   #2474
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Osborne wins £24m London student centre job

The London School of Economics has selected contractor Osborne to build its new £24m student building.

The students’ centre will be the first new building at LSE for more than 40 years. It will be constructed on the site of the current St Philips building, where demolition has just got underway, within the campus near the Strand in London.

The proposed building incorporating two basement levels is designed to bring together several student facilities under one roof. These include late night student venue, gym, multi-use learning space, bar, roof terrace and office space for student services.

The project team also includes project manager Turner and Townsend, and quantity surveyors Northcroft. Architect O’Donnell and Tuomey has designed the student centre to achieve a BREEAM ‘Excellent’ standard with photovoltaics, CHP units, green roof and integrated water and heat saving measures to achieve BREEAM ‘Excellent’ standard.
http://www.constructionenquirer.com/...nt-centre-job/
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Old June 19th, 2011, 06:45 PM   #2475
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Facebook & Google Cause House Price Rises London & California?

Living near the headquarters of Google and Facebook is great for real estate prices and London could well be in for the same “Silicon Valley effect” on its house prices.

Living in the vicinity of the area dubbed Silicon Valley in California has meant that real estate prices increasing above the national average. The surrounding area of Silicon Valley which is situated in the southern part of the San Francisco Bay Area in Northern California is now home to numerous internet millionaires.

The area has seen real estate prices leap by on average price 20% for family home. Realtors from the area link this directly linked to the expansion of companies such as Google. The mini boom seems set to continue with rumors of Facebook floatation which is expected to set its valuation at $100bn. The property boom in the Bay area is in stark contrast to the rest of the US, where prices are falling sending valuations to an eight-year low point.

Overseas Property portal Homesgofast.com director Nick Marr parallels the trend to London’s new Tech City” It’s clear that when a large employer such as Facebook and Google enter an area it brings with it well paid employees. The surrounding areas of London’s new Tech City in Shoreditch East London could well be set for a boost in property prices. It seems a great time to invest in property near London’s own Silicon Valley when you see how things have worked out in California.

Londons Tech City initiative was launched by the Prime Minister David Cameron aimed at building on the existing cluster of technology companies in East London to create a world-leading technology centre. Lord Green, Minister of State for Trade and Investment “Tech City is key to Britain's high-tech future. UKTI is committed to bringing innovative investment to East London, and to every part of the Uk.”

The hub will occupy the area of East End between Old Street and the Queen Elizabeth Olympic Park in Stratford. Companies that are committed to investing into the area include Cisco Systems, Facebook, Google, Intel Corporation, McKinsey & Company and Vodafone.

Universities that have agreed to become partners for the area include Imperial College London, Loughborough University and University College London. The academic partners to the hub is modeled on Silicon Valley whose University partner is University of Stanford.
http://www.homesgofast.com/view_news/2167/
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Old June 22nd, 2011, 03:47 PM   #2476
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OANDA opens European headquarters in London

OANDA Corporation, provider of innovative online forex trading, highly competitive global currency transfers, and the world's most accurate currency data, has opened an office in London to manage the company's newest subsidiary, OANDA Europe Limited.

The launch is part of OANDA's goal to expand business development efforts in the UK and Europe and support existing clients with a stronger regional presence. OANDA now has five offices worldwide, in New York, Singapore, Toronto, Dubai, and London. Each is fully regulated in its respective jurisdiction.

"OANDA has been on a sustained growth trajectory since we introduced our revolutionary forex trading platform, fxTrade, back in 2001; OANDA Europe marks another important phase of our global expansion strategy," said Michael Stumm, CEO of OANDA Corporation. "Our UK and European clients will now have the advantages of trading under rules tailored to their jurisdiction. We look forward to delivering these clients more personal service along with the ultra-tight spreads, quality execution, and consistent liquidity they expect from OANDA."

Antony Broadbent is managing director of OANDA Europe Limited. He brings more than 15 years of financial services experience to his role at OANDA. Broadbent has held a number of senior management positions at institutions regulated by the UK FSA, including Alliance Bernstein and Capital One. He also spent 10 years with leading international management consultants McKinsey & Company.

"The launch of OANDA Europe is the culmination of a great deal of hard effort, and along the way we've gained a deep understanding of how to be more responsive to the needs of this market," said Broadbent. "Currency traders in the UK and Europe are looking for pricing and liquidity; OANDA's innovative approach delivers what they need, and more. Our open, flexible trading environment gives clients clear information about trading costs and the ability to trade the way they want to - without paying a penalty."

Broadbent pointed out that nearly 40 percent of the world's foreign exchange activity passes through the UK capital. "London is the centre of the global forex market. It makes perfect sense for OANDA to have a base here - it's the ideal location from which to serve our clients all across continental Europe."

OANDA Europe Limited is regulated by the UK Financial Services Authority (FSA), an independent body granted a wide range of rule-making, investigatory and enforcement powers by the Financial Services and Markets Act 2000.
http://www.sfgate.com/cgi-bin/articl...web8587548.DTL
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Old June 22nd, 2011, 05:20 PM   #2477
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Plan for £8bn Earls Court scheme unveiled

A sweeping transformation of London’s Earls Court, intended to create thousands of homes and jobs within an £8bn suburb, is promised by developers who have put forward the UK’s most valuable planning application. In a move that will underscore confidence in the capital’s future by its leading developers, the proposals to regenerate one of London’s biggest development areas will be submitted today after three years of consultation.

The 77-acre scheme is meant to provide a significant catalyst for the economy of the area, creating more than 12,000 permanent jobs, as well as those generated by the £4bn of building work involved. It will also, if approved, provide 7,500 homes in an area of housing shortage, balancing similarly large plans for residential development in east London around the Olympic site.

The group behind the plans, led by Capital and Counties (CapCo), the listed developer, said the scheme would be crucial to the London Plan, the mayor’s vision for the future of the capital.

Gary Yardley, director at CapCo, said: “The scale of economic regeneration is huge. It is incredibly rare to get such a big piece of land without multiple ownerships or listed buildings. London needs these jobs and these homes.”

However, the plans have met local opposition, despite several public consultations. The development is bitterly opposed by some residents, in spite of CapCo’s pledge to provide alternative homes for 750 families who live in council houses on the site. The opponents want to take advantage of a law that Labour passed – and which the coalition government has promised to bring into force as part of its “Big Society” drive – that would allow them to transfer tenancies into a mutual organisation that they would own.

Andy Slaughter, the local Labour MP, said he was convinced that “the overwhelming majority of residents are steadfastly opposed” to the demolition proposals. “I have never seen a developer act so at odds with the interest of the people whose lives they claim to be improving,” he said.

In documents to be submitted today and seen by the Financial Times, the 11.4m sq ft master plan outlines proposals for 7,500 homes, of which about a fifth will be social housing, based around four new villages and a new Earls Court high street. There will also be 1.6m sq ft of office and retail, as well as 23.5 acres of public open space including a five acre “Lost River Park”, following the route of the old Counter’s Creek which helped define the shape of the site’s original development.

The development group, called EC Properties, working alongside landowners Transport for London and Hammersmith and Fulham council, is creating modern facilities around the listed Olympia site which will become home to the exhibition facilities. CapCo will also submit a detailed planning application on an adjoining site on Seagrave Road, where it wants to build more than 800 homes ranging from town houses to apartments. There is expected to be an average price per unit of £900 per sq ft.

“This is a precursor to the bigger Earls Court plans,” said Mr Yardley. “There will be big lateral apartments not really available in Kensington and Chelsea at present but priced to be affordable.”
http://www.ft.com/cms/s/0/d9b4763e-9...#axzz1Q0xi5KLH
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Old June 22nd, 2011, 06:35 PM   #2478
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London residential schemes on the rise

Residential development activity in Greater London has increased strongly over the past six months, with 223 schemes now under construction compared to just 169 six months ago.

According to Drivers Jonas Deloitte’s latest London residential crane survey, there has been a 32% rise in residential schemes under construction in the capital. The number of units under construction within these schemes has risen 25%, bringing the total units to 35,380 - up from 28,150 six months ago and 25,800 a year ago.

All London sub-regions have seen an increase in units under construction, with North London seeing the biggest increase in new activity with almost 3,000 units commencing. The East remains buoyed by activity at the Olympic site and continues to see the most activity overall with almost 10,000 units currently under construction.

Drivers Jonas Deloitte partner and head of planning and development Clive Pane said: “The detail of the survey shows that construction starts are up, which is ‘good news’ of sorts, but good news coming from a market that was in shut-down mode during 2007/08. This shows through in the completions around London, which our survey shows are now at an all-time low. The bigger picture is that supply is running at around half of London’s stated need of 30,000 units per annum plus and, as the impact of reduced affordable housing grants kicks in, I expect supply to remain at this or even lower levels in the future.

“In terms of pricing, what this means is that we will continue to see firmer pricing in Greater London than the main forecasters predict. Analysis shows that most forecasters have consistently under estimated the impact of supply shortage on growth rates. This year is no different. So in a year when 12 months ago most people were predicting price reductions, we have seen firm growth – 5% plus - in most parts of London.

“The long term implication is straight forward. As soon as the currently tight monetary conditions ease, and they will, we will move back towards historical growth rates for London, which have averaged a little under 10% per annum over the last three cycles since the war.

The developers’ favoured unit type is unsurprisingly still flats, the majority of which have two bedrooms. Studios account for just 3% of units under construction, while the share of houses has risen slightly, to 5%.

The survey warns that completions have collapsed by 40% as the lack of new starts during the depths of the recession is now translating into a reduced level of completions. Consequently, over the past six months only 3,970 units have been delivered across 38 schemes, significantly below the 6,600 completions reported in the last survey. However, pipeline figures suggest that 2010 will have been the low point in this cycle, with a modest uplift in completions expected for 2011. Current pipeline data for 2012 reveals that completions could be in line with, or even exceed, levels seen before the downturn. This would be welcome news for the construction sector which will need to refocus its resources following the completion of the London 2012 construction projects.

Pane added: “The private sales market in London is still being dominated by overseas investors. More than 60% of new homes sales in Central London are to overseas investors, primarily in the Far East. Recent changes in the currency markets mean that investors in Singapore, for example, can purchase London properties in sterling at the equivalent of a 30% discount, and there are currently no signs of this appetite waning.”
http://www.theconstructionindex.co.u...nt-on-the-rise
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Old June 22nd, 2011, 06:42 PM   #2479
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Old June 22nd, 2011, 07:36 PM   #2480
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Early activity has been reported at 1 Blackfriars Road.



[IMG]http://i37.************/sw71uh.jpg[/IMG]

Also, the new redevelopment design for King's Reach Tower nearby has been unveiled. Architects are KPF. The redesign includes a 6 floor height increase and should bring it from 111m to 130m+.



[IMG]http://i52.************/2n6dyk6.jpg[/IMG]

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