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Old June 22nd, 2011, 07:39 PM   #2481
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Controversial London project gets go ahead



Outline planning permission has been granted to Qatari Diar Real Estate Investment Company for the development of the former Chelsea Barracks site in London.

Plans for the 5,18 ha site were shelved for a while following the controversial intervention of Prince Charles. Now the project has been approved by Westminster City Council after a period of public consultation.

The site, which was purchased from the Ministry of Defence in 2008 for £ 959 million (€ 1,07 billion), will have up to 448 houses and flats. Of these, 123 will be classed as "affordable", with 60 for elderly care.

Qatari Diar will be making a contribution of £ 78 million (€ 87,4 million) to Westminster City Council's affordable housing fund. There will also be £ 23 million (€ 25,8 million) to build and equip a sports centre on the site for the local community.

A spokesman for the developer, which owns the site through its wholly-owned subsidiary Project Blue, said, "The Masterplan will reconnect the site to the surrounding areas of Belgravia and Chelsea. It envisages an exemplary new integrated residential neighbourhood in a garden setting, combining houses and apartments with local convenience shops and restaurants, a multi-purpose community/cultural centre, a public sports and fitness facility, and a medical centre.
http://www.khl.com/magazines/constru...gets-go-ahead/
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Old June 23rd, 2011, 03:54 AM   #2482
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Quote:
Originally Posted by Newcastle Guy View Post
Early activity has been reported at 1 Blackfriars Road.
That would be such a cool addition, just look at the impact it would bring in that first render.
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Old June 23rd, 2011, 03:57 PM   #2483
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Expansion plans for London offices 'on the horizon'

Over the next year, 65 per cent of businesses plan to expand their operations.

Such is the finding of the Confederation of British Industry and KPMG London Business Survey, which discovered that of these, 36 per cent want to grow outside of the UK. A larger proportion - 43 per cent - intends to increase their number of London offices.

When questioned about recruitment, fewer organisations are making redundancies and 57 per cent claim to be hiring as normal. This is compared to six months ago, when 45 per cent were asking people to join their London offices and other bases.

Commenting on the poll, KPMG chairman Richard Reid said he was pleased to discover that "investment and expansion plans are back on the agenda for an increasing number of London businesses and particularly in the [small and medium-sized enterprise] sector, which will play a vital role in getting the economy back on its feet".

One area businesses might like to expand into is Midtown, which is increasingly coming to the fore as a prestigious base strategically located between the West End and the City.

Midtown consists of St Giles, Bloomsbury and Holborn and could enjoy more affordable rents than its neighbours, which have seen prices rise recently.
http://www.mellersh.co.uk/News/Expan...800591353.aspx
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Old June 24th, 2011, 05:16 AM   #2484
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Final Arsenal Plot To Start Construction

The final part of the development around Emirates Stadium, the home of Arsenal Football Club in north London, is finally to be built following a development agreement between the developers of the scheme.



The CZWG designed project for Queensland Road features three residential blocks of 11, 13 and 16 floors. A deal has been signed between developer Barratt who are once again getting busy in the capital following a modest lull over the last couple of years, and London & Quadrant, a large housing association.

Between them they will develop 375 new housing units, with the scheme set to have a price tag of £128 million when it is completed. Although this marks the final part of the regeneration of land owned by Arsenal there are other proposals for the immediate area that are still up for development, the most prominent of which is also developed by CZWG at the Hornsey Road Arches which will be the tallest building in the area at 78 metres.

In addition to this, yet another CZWG tower is planned nearby at 295 Holloway Road next to the Holloway Road underground station, so although the Arsenal masterplan may finally soon be finished with Queensland Road, the area is set for additional development for years to come.
http://www.skyscrapernews.com/news.php?ref=2880
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Old June 26th, 2011, 03:04 AM   #2485
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Award-winning Central London offices attract more tenants

Derwent London has signed up two new tenants at office space in Central London, at the recently completed Angel Building EC1 and the Fitzroy+Maple building W1 (pictured) which have both won a RIBA London Award 2011. The Angel Building also won the BCO London and South East Refurbished/Recycled Workplace Award 2011.

Sage (UK) Limited, an operating company of The Sage Group plc, has taken 12,500 sq ft of office space in Clerkenwell, on part of the third floor at the Angel Building, to accommodate the London offices of Sage Pay, the payment service provider. The tenant has taken a 10-year lease with a break at 5.5 years and will pay a rent of £42 per sq ft. Sage Pay joins Cancer Research UK, NG Bailey and Jamie’s Italian. With additional space also under offer, the Angel Building is now approaching full occupancy. DTZ, CB Richard Ellis, Pilcher Hershman and H2SO acted for Derwent London and Vail Williams represented Sage. The architects were Allford Hall Monaghan Morris.

Meanwhile, Keyhaven Capital Partners, an independent London-based private equity investment firm, has taken the entire 1 Maple Place building of 11,500 sq ft of office space in the West End of London, at a rent of £41 per sq ft on a 10-year lease with no breaks. Ashwell Rogers and Pilcher Hershman acted for Derwent London and Simon Korn represented Keyhaven. The 12 Fitzroy Street element of the scheme is currently under offer. The architects were Duggan Morris.

Celine Thompson, Head of Leasing at Derwent London, commented: “We are delighted to welcome Sage to the Angel Building and Keyhaven to Maple Place. This continues Derwent London’s strong letting performance in 2011. Both buildings have attracted substantial occupier interest, illustrating the value of investing in award-winning design and architecture.”

Earlier this month Derwent London also welcomed a new tenant to office space in Fitzrovia at Middlesex House. Hunter Boot signed up for 4,320 sq ft of office space at the West End scheme at £41 per sq ft on a five-year lease.
http://www.freeofficesearch.co.uk/Of...eyear=June2011
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Old June 26th, 2011, 03:59 PM   #2486
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Hadley Mace to build 645 homes in East Greenwich

Joint venture partners Mace and Hadley Homes have been confirmed as preferred development partners for a big housing project in Greenwich, London.

The Heart of East Greenwich housing scheme already has planning consent and will transform the former Greenwich District Hospital site into a modern complex of homes and community facilities. The focal point of the development will be the Greenwich Centre, which will house a library, leisure facilities and NHS health centre.

Construction is scheduled to get underway before the end of the year and should run for up to three years. Hadley Mace will now work with architect Make to deliver the family-orientated, eco-friendly housing scheme which will include private gardens and a large public square.

London Mayor Boris Johnson, said: “News that the Heart of East Greenwich project is now pressing on full steam ahead is fantastic to hear. It is a landmark regeneration scheme, as part of a determined effort we are making across London to bring forward public land for development. As well as bringing some vital new facilities such as a library and leisure centre to the community, it will deliver quality housing that will make a real difference to families in the area.”

David Grover from Hadley Mace said: “We are delighted to be named as the preferred developer on this prestigious development.

“The partnership between Hadley and Mace came about as a response to the Home and Communities Agency’s quest to find a new way of regenerating neighbourhoods with fresh, innovative thinking and creative investment.

“Acting as delivery partner for the client, and taking control of funding and risk aspects of the scheme, we are offering a full turn-key solution that can be replicated throughout the UK on all public land and any stalled public regeneration scheme.”
http://www.constructionenquirer.com/...ast-greenwich/
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Old June 26th, 2011, 09:26 PM   #2487
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That is good to hear, the site was becoming London's largest collection of weeds.
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Old June 26th, 2011, 10:50 PM   #2488
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Good to hear about 1 Blackfriars road although not holding my breath on that yet until something is officially announced. That and the pinnacle must get built
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Old June 27th, 2011, 12:57 PM   #2489
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Some new buildings.

Copperas Street







Giffin Street





http://www.flickr.com/photos/unravel...n/photostream/
http://www.flickr.com/photos/unravel...n/photostream/
http://www.flickr.com/photos/unravel...n/photostream/
http://www.flickr.com/photos/unravel...n/photostream/
http://www.flickr.com/photos/unravel...n/photostream/
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Old June 28th, 2011, 10:56 PM   #2490
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Quote:
Leslau’s Max Property Buys London’s St. Katharine Docks for $250 Million

Max Property Group Plc (MAX), the property investment company set up by entrepreneur Nick Leslau, and a family trust agreed to buy St. Katharine Docks near London’s Tower Bridge for 156.3 million pounds ($250 million).

The 10-acre site, which has a 160-berth marina and 500,000 square feet (46,000 square meters) of offices, shops and restaurants, generates an annual rental income of 12.6 million pounds, according to a statement from Jersey-registered Max Property. The purchase is scheduled to complete before Aug. 8.

Leslau plans to refurbish the properties, which have a vacancy rate of 12 percent, to boost rental income as occupiers look for cheaper office space. St. Katharine Docks is on the edge of the City of London financial district, adjacent to the Tower of London.

“People are prepared to go elsewhere and not just stay in the Square Mile,” Leslau said in a telephone interview, referring to City of London. “It’s difficult to imagine a more beautiful place to work and live in central London.”

Max Property will manage St. Katharine Docks for investment partner Newmarket Property Holdings Ltd., which is owned by an unidentified South African family’s trust. Their venture, in which Max Property will have a 60 percent stake, is funding 55 percent of the purchase with a loan from Eurohypo AG.

The property was sold following a default on a 170 million- pound loan by the owners, AREA Property Partners LLP and F&C REIT Asset Management Plc. The securitized loan was placed in special servicing in May 2010 after the value of the property fell to 116 million pounds.
http://www.bloomberg.com/news/2011-0...0-million.html
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Old June 28th, 2011, 11:23 PM   #2491
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What's this building and where is it?
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Old June 29th, 2011, 01:40 AM   #2492
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I don't know what's the purpose of the building but thast's Giffin Street in Lewisham.
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Old June 29th, 2011, 04:13 PM   #2493
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New City of London office development approved

The City of London’s Planning and Transportation Committee has today resolved to grant consent for the development of new office space in the City of London at Hammerson’s London Wall Place scheme.



The 500,000 sq ft scheme, designed by MAKE architects, will require the demolition of the St Alphage House tower and podium to make way for two landmark office buildings.

121 London Wall Place, a 300,000 sq ft office building adjacent to Moor House, will offer large floor plates providing flexibility to occupiers, and extensive landscaped multi-level roof gardens. 123 London Wall Place, to the west, provides 195,000 sq ft of office space in a tower rising to 16 storeys, the same height as neighbouring 5 Aldermanbury Square.

Over half of the site will be open space, with a series of new gardens set around the historic London Wall and St Alphage Church Tower remains. The Barbican’s famous highwalk system will also be retained, allowing easy access to all parts of the City through the creation of new north/south and east/west bridges.

Martin Jepson, Hammerson Managing Director, London Group, commented: “There has been overwhelming recognition from City of London Members of the scheme’s quality and this is a result of our commitment to constantly evolving the design and challenging traditional preconceptions of both the site and occupier’s needs. This is a prime location, where we could achieve completion in 2014 ready for full occupation in 2015. We expect London Wall Place to become a well known City landmark.”

Ian Lomas, Partner for MAKE said: “This is a complex site and the scheme balances the needs of Barbican residents with the reinvigoration of the City. As a practice we are proud of the scheme and are pleased this was approved by the committee.” Hammerson owns seven office buildings in London, which provide a total almost 1.7m sq ft of prime office space in the West End, Victoria and mainly the City of London.
http://www.freeofficesearch.co.uk/Of...eyear=June2011
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Old June 29th, 2011, 11:25 PM   #2494
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Ecobank opens London representative office

Ecobank Transnational Incorporated (“Ecobank Group”), the only banking group with a presence in 32 African countries, has further strengthened its international operations by opening a London branch which will act as the UK Representative Office of EBI SA, Ecobank’s French subsidiary.

Dele Babade, Group Executive of Ecobank Capital, made the announcement as he addressed an audience of senior executives from multinational companies and financial institutions attending the prestigious 2011 African Business Awards in London on Sunday.

The London Representative Office is the latest addition to Ecobank’s international distribution platform (which includes an affiliate in Paris and offices in Dubai and Johannesburg) and the Group plans to open offices in New York and Beijing soon. Both Ecobank Capital and Ecobank Corporate

Banking, the Group’s international wholesale banking arm focused on trade finance, payments and transfers, foreign exchange and correspondent banking, will be represented in London.

Ecobank aims to capitalise on operational synergies and cross-selling opportunities between its corporate banking, treasury and investment banking businesses.By combining Ecobank’s expertise and reach in local/regional deal origination and issuance in Africa with access to international investors, the Group will act as an intermediary across the full value chain.

Going forward, Ecobank will provide multinationals, commercial banks, asset managers, hedge funds,Development finance institutions, private equity firms and investment banking boutiques with a wide range of African-focused services.

Commenting on the London office opening last night, Dele Babade, Group Executive, Ecobank Capital, said: “Arguably, the long-term investment case for Africa now is stronger than it ever has been, with foreign direct investment in the Continent forecast to reach USD150 billion by 2015.

Newcomers to Africa and established players alike, Ecobank, given its unrivalled footprint in 32 African countries, its considerable finance and investment experience and the breadth of its service offerings, can be an invaluable corporate advisor and long-term business partner.”
http://www.vanguardngr.com/2011/06/e...tative-office/
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Old June 30th, 2011, 03:03 AM   #2495
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Hot summer for London property market predicted

The central London housing market is set to maintain current high activity levels throughout the summer, rather than follow the traditional pattern of a quiet July and August, according to property consultancy Cluttons.

In its London View: Summer 2011 report it says that strong demand has driven average central London house values over £1.6 million for the first time since the third quarter of 2008. Buyer demand remains close to record highs, while stock levels are currently over 50% lower than the same period in 2010.

This strong demand looks set to fuel the market over the summer, traditionally a very quiet period for the housing market, with buyers continuing their search over the holidays in fear of missing out on a suitable property, it adds. The late Easter holiday this year has also meant that many house hunters who only returned from Easter breaks in May have delayed their summer holiday until the latter part of August, and will continue to house hunt through the summer.

‘There is so much pent up demand in the market that competition for good property is as fierce as ever. Buyers are telling us they are wary of postponing their search over the holidays in case they miss out and will instead continue to actively look throughout July and most of August,’ said James Hyman, partner for residential sales.

‘Domestic buyers also face growing competition from Middle Eastern buyers who have overcome complications in liquidising their assets since the unrest in the Middle East began, and are now actively securing their funds in the Central London property market,’ he added.

Meanwhile, the latest research from the Worldwide Property Group confidence tracker survey carried out in May, reveals a 20% drop in respondents expecting interest rates to rise, a figure which has previously trended upwards in the monthly survey since the start of the year.

Even more significant was the result that, of those respondents who believe rates could rise, nearly 70% thought this would only be a moderate rise by a maximum of 0.5%. By comparison, at the start of the year, 40% of respondents believed an increase could be anything from 0.75% to 3% or more.

Other results from the survey revealed that only 16% of respondents believe that house prices will fall over the next 12 months, the lowest figure since the survey began. This could indicate that the public are of the impression that prices have levelled off and thus explains why 70% of respondents believe property is the best investment, with the same number of the opinion that now is a good time to invest in UK property.

Of the 58% of respondents who said they would consider making a foreign property investment, many appear to be focusing their attention on the America’s, with the USA holding number one spot, followed by the Caribbean and Brazil.

‘By maintaining the base rate at 0.5% in May, the month that many had marked as the changing point, the Bank of England has offered renewed confidence to those expecting a rise and highlighted that the fragile state of the economy makes this an unlikely event for some time to come,’ said Kevin Wilkes, the managing director of the Worldwide Property Group.

’Whilst homeowners continue to the reap the benefits, savers are undoubtedly suffering and are being forced to consider alternatives such as property in order to see a long term return on their investment. I am not surprised the US is popular for those looking to make a foreign investment. The decline in US house prices has been as high as 60% in some areas since the market peaked in June 2006. It is hard to see how the market can drop much further,’ he added.
http://www.propertycommunity.com/pro...predicted.html
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Old June 30th, 2011, 05:16 AM   #2496
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Johnson calls in Saatchi & Saatchi HQ redevelopment

Mayor Boris Johnson has called in proposals to redevelop the headquarters of advertising agency Saatchi & Saatchi in London's West End.

Earlier this month, the London Borough of Camden voted to refuse permission for the plans after objections from locals, including Holborn and St Pancras MP Frank Dobson, who called them "a grotesque overdevelopment".

But Johnson will now determine the proposals himself after deciding that the redevelopment of the site would be strategically important to the capital.

Johnson said: "These buildings have been home to some of the most creative and innovative minds for the last 40 years, making the area an internationally recognised hub for the global advertising industry.

"Redeveloping this prime location will contribute to the competitiveness of London’s wider economy bringing with it new jobs and business.

"This proposal clearly meets the test of a planning application of major significance to London and I therefore believe it is right that I scrutinise it in greater detail."

The plans would increase the office’s floorspace from 25,000sq metres to 40,000sq metres over nine stories.
http://www.regen.net/Physical_Regene...redevelopment/
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Old June 30th, 2011, 03:54 PM   #2497
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New development at Eltham Pools.

originally posted by SE9.

[IMG]http://i53.************/2s79miv.jpg[/IMG]

[IMG]http://i54.************/f09dh0.jpg[/IMG]
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Old June 30th, 2011, 04:12 PM   #2498
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Mayfair offices fully let

Platinum Equity has taken 3,225 sq ft of office space in Mayfair at PRUPIM’s 40 Bruton Street development. The 14,847 sq ft of offices in the building are now fully let.

In the latest deal, the Californian-based mergers and acquisitions specialist has taken the entire second floor on a ten-year lease at an initial rent of £98.50 per sq ft. The deal was subject to market incentives with Platinum receiving the benefit of a break option at year five of the lease.

Giles Difford, Asset Management (Commercial) Director at global real estate fund manager, PRUPIM, commented: “We are delighted with the success of 40 Bruton Street from both a retail and commercial viewpoint, and to have secured occupiers of such high calibre.

“The success of the project underlines a continuing global demand for top quality developments in prime locations from demanding occupiers who will only accept the very highest standards. The transaction is testament to the strengthening demand for prime West End offices from the international financial sector, and PRUPIM’s investment in the project reflects the opportunities real estate fund managers see in this sector.”

Other occupiers in the building include Rhone Group and William Blair. HS2O advised PRUPIM. Vail Williams acted for Platinum Equity.
http://www.freeofficesearch.co.uk/Of...eyear=June2011
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Old June 30th, 2011, 04:29 PM   #2499
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New London Bridge House

by anthonySE1.

[IMG]http://i52.************/jpg6cz.jpg[/IMG]

[IMG]http://i52.************/2d0nmzk.jpg[/IMG]
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Old June 30th, 2011, 04:56 PM   #2500
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British Land to buy City residential complex

British Land is in advanced talks to buy a City of London residential complex, in its first acquisition under a strategy to focus on the booming market for prime homes in the capital.

The UK’s second-largest property company has agreed to buy Wardrobe Court being sold by the Warnford Group, a privately owned property company.

Chris Grigg, British Land chief executive, has said residential will be an increasingly important part of its portfolio, which is mainly in offices and retail property.British Land declined to comment on Wednesday.

Wardrobe Court, near St Paul’s Cathedral, will be the company’s first residential purchase in the City, where it is working on office schemes such as the “Cheesegrater” building on Leadenhall Street and the new UBS headquarters at Broadgate. It is set to pay about £56m, or about £800 a square foot, for the scheme, which is mainly made up of serviced flats.

British Land has also looked at prime residential development sites in other parts of London. One person close to the search said the company had expressed interest in sites where the landowners could not build housing schemes, even where there was planning consent, because of a lack of funds or because banks were putting pressure on them to sell or bring in fresh equity.

British Land has identified prime London residential as a growth market. The market is booming, with capital values soaring above their previous peaks of 2007 and rental values climbing rapidly.

Ed Mead, director of Douglas & Gordon, a London estate agency, said: “With London property the only area to be showing price growth, and with foreign buyers and tenants bolstering weak domestic demand, it is not surprising that institutions are targeting residential investments.“Continued lack of rental stock is creating a booming private rented sector and this, allied to 10 per cent capital growth so far this year and similar forecast for the year ahead, means such schemes have a lot going for them.”

British Land has carried out residential development in the past, but generally alongside large office buildings to create a mixed-use scheme. It has also normally sold flats in these schemes to investors or homeowners rather than retained them as investments.
http://www.ft.com/cms/s/0/212d492e-a...#axzz1QgwmYwZ4
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