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Old August 29th, 2011, 12:46 AM   #2601
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Originally Posted by Gherkin View Post
The London Farm Tower won't happen - there's another building proposed on the site. Architecture students propose vertical farms all the time but that one's definitely the ugliest I've seen!
lol
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Old August 30th, 2011, 04:21 AM   #2602
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Crossrail competition for trains contract delayed



The competition to supply new trains for Crossrail, the major London train link, is being delayed until 2012.


The transport secretary announced a review of guidelines after the contract to supply trains for a different project went to a German company.

In June, Thameslink went to Siemens instead of Derby-based Bombardier.

This delay means the decision will now happen under new guidelines meant to ensure UK companies do not lose out to European rivals, the BBC understands.

The £16bn Crossrail scheme, which will connect Heathrow and Maidenhead in the west with Abbey Wood and Shenfield in the east, intended to issue tender documents for the 60 new trains in late 2011.

It will now do so in early 2012, according to BBC political correspondent Adam Fleming.

Four companies have been shortlisted for the contract - Bombardier, Construcciones y Auxiliar de Ferrocarriles SA (CAF), Hitachi Rail Europe Limited and Siemens.

Earlier this year the contract to supply rolling stock for Thameslink went to Siemens rather than the Canadian company Bombardier.

The estimated £1.4bn deal had been regarded as crucial for the Derby site - the UK's last remaining train factory. The company now plans to cut half of the 3,000-strong workforce at its factory in Derby.

Transport Secretary Philip Hammond later ruled out a review of the decision, but said he would look at procurement guidelines.

Move 'will save money'

The Department for Transport said its review was examining whether the UK was making best use of the application of EU procurement rules.

Our correspondent says: "At the time [of the Thameslink decision] the transport secretary said the rules were set up by the Labour government and his hands were tied in that case.

"But what he was going to do was look at whether the guidelines for how these competitions work could be changed so UK companies were competing on an equal footing with continental competitors."

Labour said the decision raised questions over the government's decision on Thameslink.

"If ministers are now saying it's possible to review the Crossrail contract, they must explain why they have cost British jobs by refusing to do the same for the new Thameslink trains as Labour has repeatedly demanded," said Maria Eagle, shadow transport secretary.

Crossrail said it was not a delay to the project but was the result of shortening the time between ordering the trains and bringing them into service. It claimed it would also save money.

"Crossrail has identified that significant operational cost savings, running into tens of millions, can be realised for taxpayers by introducing Crossrail rolling stock to the rail network over a shorter period of time," said Andy Mitchell, Crossrail programme director.

"Continuing with the original procurement programme would have delivered the new train fleet earlier than was necessary."

Bombardier welcomed the delay.

"The rescheduling will give time to ensure that the invitation to tender will allow the results of the government's review of procurement to be included," it said in a statement.

http://www.bbc.co.uk/news/uk-14712211
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Old August 30th, 2011, 05:26 AM   #2603
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Qatar in exclusive talks to buy Silverstone F1 circuit

Home of British Grand Prix looks to Middle East to fund extensive development plans

Harrods-owner Qatar Investment Authority (QIA) is on the verge of snapping up another British landmark as it is believed to have been made preferred bidder for Silverstone race track.

The British Racing Drivers' Club (BRDC), which owns the circuit, has entered into exclusive talks with the sovereign wealth fund to lease the 850-acre Silverstone site for 150 years. The deal is expected to be worth up to £250m. The QIA was selected from a shortlist of interested parties drawn up by PricewaterhouseCoopers.

An investor is needed to cover the costs of redeveloping Silverstone, which opened a state-of-the-art pit and paddock complex earlier this year. The QIA is conducting due diligence and a final decision is expected in the next six months.

A source close to the situation said: "To do all the development, they have had to borrow a massive amount of money and, long-term, the club can't sustain that. So they want to take a lot of money for a very, very long lease from a substantial entity, perhaps a sovereign fund, which will continue development there."

As well as sovereign wealth funds, PwC is believed to have focused its approaches on high-net-worth individuals and real estate companies which could help to develop the site.

It is believed that one of the key conditions the BRDC will impose on the investor is that the site must be maintained to a standard to make it suitable to retain the British Grand Prix after 2017, and that the primary purpose of the site must remain as a motor racing venue.

However, land adjacent to the circuit is available for construction work and earlier this month the BRDC submitted a planning application which includes technology and business parks, three hotels, an educational campus and a motorsport museum.

Such options make the circuit a more attractive investment as they offer the potential to make money other than through hosting F1. Despite a near-capacity crowd for last year's race, the BRDC reported a £1.9m pre-tax loss for the year ending December 2010, down from a £1.3m pre-tax profit.

The BRDC is owned by 850 racing personalities, including Lewis Hamilton, Jenson Button and Nigel Mansell. Members are set to get a windfall from the sale of the lease. In 2005, Northamptonshire-based Silverstone was valued at £61m, but since then it has undergone considerable renovation.

It has been a busy summer for the QIA. The fund's real estate subsidiary, Qatari Diar, announced its involvement in a partnership that has paid £557m to manage the London Olympic Village after the 2012 Games and turn it into housing. Meanwhile, in the F1 world, Williams chairman Adam Parr said in June that the racing teams had discussed teaming up to take a stake in the Grand Prix business.
http://www.independent.co.uk/news/bu...t-2344989.html
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Old September 3rd, 2011, 04:46 AM   #2604
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Originally Posted by BodgeJob1 View Post
So boring that i can hardly get the enthusiasm up to post this, but here goes...

Canary Wharf to build new tower

http://www.telegraph.co.uk/finance/n...new-tower.html


...dont get too excited ( i certainly didnt)...just another boring,bland mid-rise filler (110m to 130m, no one is quite sure yet on final height or design)...

Either this...Yawnnnn, Zzzzzz (130m)



or thi...ZZZzzzzzzzzzzzzzzzzz (110m)

image hosted on flickr


Still, i suppose the fact that, OMG!!!...Canary Wharf is actually going to have something built is a positive, right?..

Yawwwwnn boring building... but something is better than nothing and this is not an ugly thing like stone or brick cladding tower. thanks god for that...
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Old September 3rd, 2011, 09:36 PM   #2605
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I like "boring" and bulky buildings of Canary Wharf, they give the place a distinctive feel and look.
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Old September 4th, 2011, 12:26 PM   #2606
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Shoreditch/Brick Lane - Residential Tower

http://www.flickr.com/photos/6507767...in/photostream

Not sure where to post this. It is a residential development just off Shoreditch/Brick Lane. It struck me as being quite tall but never seen it discussed on skyscrapercity. The project is called Avant-Garde
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Old September 9th, 2011, 01:07 PM   #2607
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Sunlight to dash Apple's hopes for London store?

Apple reportedly has plans to open a new store in London, but the building's design might violate "rights to light" laws that could halt its development.



According to Reuters, the proposed building in London's financial district, if approved, will be 10 stories high and have 87,000 square feet of office space. However, it's 13,000 square feet of retail space that Apple is eyeing, according to Reuters, citing a source.

But before it can be built, the project will need to overcome laws that give neighboring properties the right to stop the development of buildings that will impede their ability to get enough sunlight.

A report on the matter, posted on London's local authority Web site, claims 13 properties have the right to contest the construction of the building, but for now, eight property owners are expected to seek an injunction.

The rights to light laws are decidedly vague, which could cause some issues for both sides on the matter. However, from time to time, building owners do lose out.

In fact, according to Reuters, last year a judge ordered that a building in Leeds be partially torn down due to a neighbor's complaint that it violated the sunlight law.

For its part, Apple hasn't confirmed that it's even planning to bring a store to the location. However, a building plan, obtained by ifoApplestore.com, shows the inside of an Apple store on one of its pages, seeming to indicate--without saying so--that Apple is looking to bring a store to the proposed development.

The London building is the latest report on Apple's future retail plans. Earlier this year, CNN reported that Apple submitted plans to the Metropolitan Transportation Authority Board to build a new store in New York's Grand Central Terminal.

If the deal is approved, Apple will pay $1.1 million in rent per year for 23,000 square feet. In addition, the company is apparently planning to build a store in Santa Monica, though it hasn't confirmed that it will, in fact, open a store there.

According to Reuters, London's transport and policy committees will vote on the right-to-light matter later this month.

http://news.cnet.com/8301-13506_3-20...#ixzz1XRpkNlup



Britain's Tate Modern gallery to open extension for 2012



LONDON — The Tate Modern is to open the first phase of its new wing next year in time for the Cultural Olympiad celebrating the 2012 Games, the London gallery announced Thursday.

The Tate Modern will open the former power station's oil tanks, two giant circular spaces that were hitherto left derelict.

They will become the lower levels of a new 11-storey building on the gallery's southwest corner, to be completed in 2016.

The inauguration of the first phase coincides with the London 2012 Festival, which runs from June 21 until September 9, and will be the climax of the Cultural Olympiad, the programme of events surrounding the London 2012 Games.

The Tate Modern has already collected 70 percent of the £215 million (245 million euros, $345 million) required for the project, said Lord John Browne, the Tate's chairman of trustees.

The Oil Tanks, measuring 30 metres (100 feet) in diameter and seven metres high, will be "some of the most exciting spaces for new art in the world", according to the Tate.

The tanks, which once held one million gallons of oil, will be able to accommodate giant installations, as well as host performances and projections.

"Arts have started to move to the massive scale, and we have to provide spaces for that," said Tate Modern director Chris Dercon.

Britain's national gallery of international modern art was founded in 2000 on the south bank of the River Thames opposite Saint Paul's Cathedral. It claims it is the most popular modern art museum in the world.

In its lifetime, its collection has swelled with the acquisition of new art. The gallery initially expected two million visitors a year but now welcomes five million.

The new wing -- designed by Swiss architects Herzog and de Meuron, as is the current exhibition space -- will be connected to the main building on three levels.

When the extension is finished in 2016, the Tate Modern will have 70 percent more space for exhibitions, education and social events, along with new gardens and a spectacular terrace with panoramic views over the Thames.

"We always knew that we were going to extend Tate Modern," said Tate director Nicholas Serota. "There's been a degree of anticipation.

"Art has changed, the way which public expects to relate to that art is definetely changing. The extension reflects all this."

http://www.google.com/hostednews/afp...9e25749f3e.711
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Old September 10th, 2011, 04:44 PM   #2608
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Being demolished for the new UBS HQ.

by nrm the 2nd.

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image hosted on flickr


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Old September 10th, 2011, 05:42 PM   #2609
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London Entrepreneur Sees Gold Mine in Unused Subway Stations

A former JPMorgan Chase & Co. executive aims to turn 26 unused London subway stations and bomb shelters into shops and tourist attractions after raising 200 million pounds ($319 million) from investors.

Ajit Chambers, chief executive officer of Old London Underground Co., met Mayor Boris Johnson yesterday to discuss the plan. Chambers agreed to provide more information on potential sites, costs and the work needed to convert the stations, according to an e-mail from Johnson’s office.

“We’ve set up the construction teams, the finance availability and the investment to renovate underground space,” Chambers said in an interview. He declined to identify the investors.

Old London Underground plans to open the first site, Brompton Road station, in time for the 2012 Olympic Games in east London, Chambers said. The station, owned by the Ministry of Defence, has been shuttered since the mid-1950s after serving as the headquarters of southern England’s anti-aircraft defenses during World War II.

Each station would cost 17 million pounds to 34 million pounds to renovate and they would all be opened within five years, according to Chambers. That’s if he can convince Johnson that developing empty parts of the London Underground network, also known as the Tube, won’t come at public expense.

‘Safety Challenges’

Transport for London, the Tube’s operator, “has already looked closely at these proposals and highlighted the huge safety challenges and massive potential costs they involve,” the mayor’s office said. Johnson’s priority is “the upgrade of the Tube and delivering the passenger improvements that Londoners require.”

Chambers, 38, said he could generate more than 300 million pounds in annual revenue from turning the derelict sites into restaurants, gyms, museums and art galleries.

At the Brompton Road station he aims to open a members club on the roof of the above-ground portion and house the London Fire Brigade museum in its tunnels and shafts, he said in the interview inside the disused property.

The London Underground is the world’s oldest subterranean rail network, according to Transport for London. Brompton Road station opened in 1906 to ferry passengers along the Piccadilly Line until its temporary closure during World War II, when it was used as a war room.

Interrogation Room

Rudolf Hess, Adolf Hitler’s deputy, was interrogated there by the Defence Ministry after he crash-landed his plane in Scotland in 1941 seeking to broker a peace deal, said Glenn Purkis, a Ministry of Defence employee who manages offices above the defunct station.

The station, nestled between the affluent neighborhoods of Knightsbridge and South Kensington, reopened after the war before its use as a station ceased in 1955, Purkis said. Aldwych in central London’s theater district would be among the next stations to be developed, according to Chambers. The stop, which was used as a bomb shelter during both world wars, has been closed since 1994.

Chambers founded Old London Underground in 2009. He said his plan will unlock the value of historic underground real estate that had largely been forgotten. “The investors are helping the UK put health and safety into these spaces and in return they get to make money,” Chambers said.
http://www.bloomberg.com/news/2011-0...-stations.html
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Old September 10th, 2011, 08:40 PM   #2610
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Mayor of London Boris Johnson helps out on Battersea site set to house 16,000 homes

The first scheme to start construction on a sprawling site that will one day be home to 16,000 new properties is underway.

Riverlight became the first scheme to start construction in the Vauxhall Nine Elms Battersea (VNEB) Opportunity Area when Mayor of London Boris Johnson took part in a ground breaking ceremony on Thursday, September 8.

The (VNEB) area is expected to create 16,000 new homes and 25,000 new jobs over the next decade. The Berkeley Group, which is investing £300m into the area and responsible for Riverlight, is building the development next to Battersea Power Station.

Riverside will be centred around six pavilions with external glass elevators and feature a new riverside walk and pocket park.

Mr Johnson said: "The design standard on this inaugural site in the regeneration of Nine Elms is absolutely spot on."

Tony Pidgley, Chairman of the Berkeley Group, said: "Our intention is to create a place that will grace the Thames, drive investment, and deliver new homes and jobs. We want this to be a world-class example of place-making. It will set a benchmark for the whole regeneration area."

Residents of the luxurious housing project will get access to a clubhouse which will include a gym, swimming pool, holistic spa, digital entertainment suite with private cinema, a library and a spacious lounge.

It will also be close to the two new proposed Northern line stations.
http://www.thisislocallondon.co.uk/n..._16_000_homes/
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Old September 11th, 2011, 03:14 AM   #2611
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Robin Partingtons Midtown Midrise

The International Press Centre in London could soon be for the chop if Land Securities get their way.



The 60 metre tall tower was designed by Richard Seifert and built in 1972, one of the tallest buildings of the day in what is now known as London's Midtown. As well as the tower there is also an attached complex, including two public houses which could also be for the chop.

Although the tower is in reasonable condition for its age, the poor floor-to-floor heights, which translate into a floor to ceiling height of only 2.51 metres, make the renovation of the building into new high quality office space impossible. With its location, a conversion into residential space is out of the question.

The site sits about 250 metres to the south of Holborn Circus and near the existing New Street Square that Land Securities successfully developed up to 2008. As such the developer has named the project 1 New Street Square and brought in Robin Partington Architects to design them a new building.

The architects proposals feature a 30,080 square metre office building of sixteen floors plus ground and upper ground levels reaching a height of approximately 71 metres AGL. There will also be 540 square metres of ground floor retail space and basement parking, a new landscaped public area on the north west of the site, an underground reservoir for rainwater retention, and a subdivisible entrance lobby for multiple tenants.

In terms of building design, along Shoe Lane the building curves to respond to the area, whilst the building steps down to the south to reduce the visual impact on the views from Temple Gardens.

Nonetheless, the building will appear particularly prominent from Hungerford Bridge with the slanting roof giving it a noticeable profile on the immediate skyline and add to Land Securities growing collection of modern offices in area, assuming of course they can get the greenlight from the planning authorities.
http://www.skyscrapernews.com/news.php?ref=2919
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Old September 11th, 2011, 08:52 PM   #2612
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London's hotspot property prices to double

Property prices in some central London hotspots are set to more than double by 2016, driven up by a mix of factors including volatile financial markets and major new transport projects such as Crossrail, according to a report from estate agency Knight Frank.

Domestic and overseas buyers have flocked to the London residential market in recent years as they look for a safe place to park their money. "It's really seen as safe haven for global money. We ran some figures showing how prime property is doing in terms of asset classes ... it beat the FTSE 100 tracker over the last 10 years by quite a long margin," said Grainne Gilmore, Knight Frank's head of UK residential research.

"It certainly gives gold a run for its money," she added.

Meanwhile the Crossrail development, Europe's largest infrastructure project, will link Heathrow west of London to the east of the city through huge new tunnels to be run under the city.

"Crossrail is a massive theme going through this ... it's going to change a lot of things. If you live in Barbican or Farringdon (adjacent to the City financial district) you're going to be able to get to directly to three airports within minutes," she said.

As a result prices in this area and the City are set to rise 118 percent by the end of 2015, second only to the Vauxhall area in south London, where prices are forecast to jump 140 percent thanks to the redevelopment of Battersea Power Station along with U.S. plans to build its new London embassy just down the road.

RIOT PROOF

The Knight Frank report added that there are 13 hotspots which will outperform even the 30 percent increase in prices expected in prime central London by the end of 2015.

But the gap between prime central London prices and the rest of the country is widening, as growth has already soared over 10 percent this year. "There is a possibility we could see strong doubledigit growth by the end of this year ... the figures just keep getting stronger," said Gilmore.

House prices have fallen in all areas of England and Wales in the past 12 months, except London, with prices falling nearly 9 percent in the north east region, according to recent data from the Land Registry.

"We definitely wouldn't class what is happening at the moment as a bubble ... The fundamentals of the market in London are quite different to what they were in the rest of the UK (before the property crash)," Gilmore added, as buyers are cashrich and not reliant on cheap credit.

Even last month's riots have failed to put off buyers from all over the globe, which account for just under half of investors, said Knight Frank, attracted by the political and fiscal stability and high standard of education in the UK. In a separate statement earlier this week, CB Richard Ellis said sales rates in London had improved for prime products and apartments with growth potential.

"The top end of the market is attracting such a wide range of buyers from all over the world that it is in effect insulating itself from any one economic cycle," said Jennet Siebrits, head of Residential Research at CBRE.

The highestselling develpment schemes so far in 2011 have had exhibitions in Asia as buyers in Hong Kong take advantage of a currency discount of about 20 percent.

Meanwhile major regeneration projects add nearly 5 percent to house prices in neighbouring areas, according to new research from CBRE, with the 2012 Olympic Games development lifting prices by 14 percent in the surrounding area.
http://biz.thestar.com.my/news/story...7&sec=business
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Old September 12th, 2011, 04:37 PM   #2613
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Design proposals invited for £22bn Silvertown Quays regeneration scheme

Seven developers are being invited to come up with design proposals for the £22billion regeneration of Silvertown Quays.

The London Development Agency (LDA), in partnership with Newham Council, is asking the shortlist of property developers to come up with plans for the 50-acre site by October 10.

The seven developers, announced today, are St George Central London, Development Securities Consortium, Hutchinson Whampoa, Stanhope, The British Land Company, Chelsfield Consortium and DV4.

Lurene Joseph, LDA chief executive, said: “The opportunities in the Royal Docks - at Silvertown Quays and the Royal Albert Dock - are attracting interest from some of the biggest developers and investors.

“We are pleased with the high level of market interest and we are looking forward to seeing their proposals to turn these sites into world class developments - urban centres with thriving businesses, high quality jobs and first class communities.”

A spokesman for the LDA said there had also been strong interest in the 35-acre Royal Albert Dock site, and that potential investors for that area would be briefed at an open day next week.

The LDA will then, with the support of London and Partners, promote the Royal Albert Dock site to potential Chinese investors later this month.

Regeneration plans for the Royal Docks were announced by London Mayor Boris Johnson and Newham Mayor Sir Robin Wales in July 2010, including the creation of more than 6,000 jobs.
http://www.docklands24.co.uk/news/de...heme_1_1017934
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Old September 14th, 2011, 08:05 PM   #2614
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London developers to raise bets on $24 bln Crossrail

Crossrail, the 118-km commuter line being built to link east and west London, is s6et to have a dramatic effect on real estate values as property developers and investors increasingly target areas around its planned stations.

The 15 billion pound ($23.7 billion) high-speed line could also give a big uplift to the asset values of listed real estate companies with nearby assets as the planned start of services in 2018 draws closer.

Crossrail, which will connect Heathrow airport in the west to Canary Wharf in the east of the city, will include central stations at Farringdon and Tottenham Court Road. Great Portland Estates bought a site close to each of the latter yesterday for a combined 253 million pounds.

'Crossrail is rising in the consciousness of developers,' Great Portland Chief Executive Toby Courtauld told Reuters. 'The coalition government has committed to it and the West End of London is now peppered with big holes in the ground that show it's up and running.'

About 200 million people will travel on Crossrail every year, the rail link's website says. Platforms will be 250 metres in length and the line will mean an extra 1.5 million people are within a 45-minute commute of central London. Listed property companies including Land Securities and British Land have 16 billion pounds worth of assets within 800 metres of proposed Crossrail stations, JPMorgan Cazenove said in a report last month.

It will lift values by between 5 and 10 percent, implying a potential 1.6 billion pounds increase in their combined market capitalisation. 'Value uplifts can occur three or four years in advance of train operations,' the report said.

The three biggest beneficiaries from Crossrail based on proximity to stations and development potential will be Canary Wharf Group (majority owned by Songbird Estates), Great Portland and Derwent London, it said. Songbird Estates could see a 24.5 percent increase in its net asset value and was the 'biggest winner'.

TRANSPORT LINKS

'Crossrail will increase the capacity of Canary Wharf from 135,000 people to close to 225,000,' George Iacobescu, chief executive of Canary Wharf Group, told Reuters. 'We have the Docklands Light Railway and Jubilee line but Crossrail will close the circle in terms of transport links.'

Rents for the best offices in Canary Wharf are typically two-thirds of those in the City financial district due to its inferior transport links, property broker CB Richard Ellis Group said.

Crossrail was a factor behind the development of the 500,000 square feet Central St. Giles mixed-use scheme near Tottenham Court Road, said Bill Hughes, managing director of Legal & General Property, which owns half the site and has 10.3 billion pounds of assets under management. 'Long-term investors will see a long-term attraction in being on or near a Crossrail station,' Hughes told Reuters.

Several billion pounds of UK and international money is targeting Farringdon property due to its Crossrail station and revamped Thameslink station, which provides a north-south link, said Alistair Subba-Row, senior partner at property broker Farebrother.

'The limited supply in the area is undoubtedly going to produce a dog fight for the best sites,' he said.

Farringdon will become the most accessible train station in England after Crossrail, said Alan Baxter, founder of the engineering company of the same name that works for Crossrail. 'About a quarter of the population of England will be able to reach it in 45 minutes,' he said.
http://www.lse.co.uk/FinanceNews.asp..._bln_Crossrail
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Old September 15th, 2011, 04:40 PM   #2615
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David Walker Monument Street Design Approved

A new speculative office scheme designed by David Walker Architects has been given the green-light in the City of London. Situated on the site of Centurion House it will replace a defunct nine-storey office building built between 1984 and 1985 sited near the Monument.



The new 12 floor building will feature nearly 8,000 square metres of office space plus two ground floor retail units with fully glazed frontages to help animate what should be a prize site in the City of London thanks to its immediate proximity to a tourist attraction.

Occupants of the office space will benefit from full height windows conservatively framed by a pale exterior, and a double height entrance hall.

The building is due to have a rapid development time with demolition starting on site in October, construction getting underway at the start of 2012, and completion scheduled for the second quarter of 2013.

The project is being developed as a joint venture by Rockspring and Charterfield Asset Management who are aiming at filling a niche in the office market in the City of London at a time when few others are building new grade-A quality space.
http://www.skyscrapernews.com/news.php?ref=2928
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Old September 15th, 2011, 05:19 PM   #2616
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From the UK forum, new 200m~ and 160m~ proposal for Vauxhall.

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Originally Posted by hcrosskey View Post
More details released today on the plans to demolish market towers and replace with two new towers. The City Tower (East) will be around 200m (58 storeys) and the River Tower (West) will be around 160m (47 storeys).

Current Market Towers


One Nine Elms



In the second image you can see the St George Tower.
You can read more here: http://www.onenineelms.com
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Old September 15th, 2011, 05:41 PM   #2617
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Great project!
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Old September 17th, 2011, 05:04 PM   #2618
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Together with the St George Wharf highrise, this place is getting pretty cool.
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Old September 17th, 2011, 07:29 PM   #2619
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Wandsworth Business Village About To Start

One of the key sites in Wandsworth, south-west London, is about to see construction start following its clearance.



The project makes up part of the Wandsworth Business Village and is being developed between Mount Anvil and Workspace who purchased the site off property company Minerva who are developing the nearby Ram Brewery.

The one and a half acre site in question is known as Cockpen House which bounds Buckhold Road. Brownfield in nature it has previously been occupied by a mixture of office space and warehouses.

Within the development will be four residential buildings, the tallest of which will be sixteen floors. between them they will host 207 new apartments, of which a mere 23 will be affordable. There will also be about 8,000 square metres of office space, ground floor retail, and landscaped areas between the buildings that should contribute to the improvement of a key area between Wandsworth High Street and King George's Park.

Originally estimated at £50 million back in 2007, construction of the £80 million scheme is due to begin any day now, with completion set for 2014.
http://www.skyscrapernews.com/news.php?ref=2930
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Old September 20th, 2011, 06:00 PM   #2620
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Saatchi's private pub to go in London office revamp

Saatchi & Saatchi's private pub "The Pregnant Man," tucked away behind the advertising agency's London headquarters, will be demolished after developer Derwent London won consent to redevelop the office site in a 125 million pound project.

Derwent said the Mayor of London had granted it planning permission to develop the 1.4-acre office site at 80 Charlotte Street, which is let to Saatchi & Saatchi until March 2013.

Saatchi's The Pregnant Man -- used exclusively by the agency's staff -- took its name from a 1970s Saatchi & Saatchi ad campaign that featured a pregnant man with the strapline: "Would you be more careful if it was you that got pregnant?"

Redevelopment of the site, which includes 200,000 sq ft of Saatchi & Saatchi offices, will comprise new offices, residential and retail space totalling 367,000 sq ft. Derwent Chief Executive John Burns said when the project was completed in late 2015 and fully tenanted he expected it to achieve a yield of just above 5 percent, based on a development cost of about 125 million pounds.

"This is a significant scheme for the group and gives us the opportunity to transform the existing buildings into high quality offices that will form an exciting new office hub in keeping with the Derwent brand," he said in a statement.

Burns told Reuters the development would spell the end of Saatchi & Saatchi's The Pregnant Man, which sits in the open lot behind the company's offices. "I'm afraid that The Pregnant Man is going. I expect we'll all survive," he told Reuters, noting the overall development was a major step in a wider regeneration of the Fitzrovia area of central London in which Derwent has properties of more than 1.5 million sq ft.

Saatchi & Saatchi was not immediately available for comment. Burns said work on the development would start in 2013, and that he expected Saatchi & Saatchi's tenancy to run until that time, "but if something came up and they move out we could think about it either way."

"It would be nice if we could do something (like another tenancy) with them, even if it was elsewhere," Burns said.

Derwent will likely be one of the major beneficiaries from a planned 118-km Crossrail project, linking east and west London, based on its assets' proximity to stations and development potential.

Other beneficiaries included Great Portland Estates and Canary Wharf group, which is majority owned by Songbird Estates.
http://uk.reuters.com/article/2011/0...78J27D20110920
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