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Old October 2nd, 2011, 09:07 PM   #2641
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Quote:
Originally Posted by Jim856796 View Post
That building costs a billion dollars? Probably looks like would cost half that amount at the most.
It will be the most expensive American Embassy in the world. Obviously some Americans at home are not really happy about the cost, though.



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Old October 2nd, 2011, 09:12 PM   #2642
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Ah, what's a billion here and there ?
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Old October 3rd, 2011, 06:06 PM   #2643
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Google's first store pops up in London

The world's first "Google store" opened not in California but in the less glamorous setting of PC World in Tottenham Court Road at 9am.

Source: http://www.thisislondon.co.uk/standa...p-in-london.do
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Old October 3rd, 2011, 09:29 PM   #2644
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security or not you don't invest 1 billion $ for a building!!
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Old October 3rd, 2011, 09:53 PM   #2645
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security or not you don't invest 1 billion $ for a building!!
Why not?

The Gherkin, London = $1.26 billion
Wembley Stadium, London = $1.58 billion
The Shard, London = £1.2 billioin or ( $1.9 billion by current exchange rate )
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Old October 4th, 2011, 02:56 AM   #2646
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Because it's not a business venture that's going to give the US taxpayer any ROI. The buildings you mentioned aren't embassies, they're buildings that offer investors ROI, as a US taxpayer, or investor in that building, I'm disgusted. It's certainly a good looking building, but when we have so many needs here, like infrastructure, spending $1B on an embassy is a joke. Sorry to take this off topic.
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Old October 4th, 2011, 06:46 PM   #2647
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Property investors drawn to London

London has taken the lion’s share of inward investment into European commercial property over the past 18 months, as concerns about the health of the eurozone continue to rattle investors.

A mixture of non-European governments, private equity investors and pension and insurance funds poured more than £8bn into buying offices and shops in the UK capital in the 18 months to July, according to research by CB Richard Ellis, the property services group.

The figure is almost five times the £1.63bn invested in Paris, the next most popular city, and accounts for 39 per cent of the £21bn that came into the Continent’s commercial property market as a whole.

After London and Paris, the German cities of Berlin and Frankfurt received £700m and £600m respectively during the period. The strength of interest in London suggests that international investors are unconcerned about its status as a financial centre and fears that regulatory changes could lead to a banking exodus.

Peter Damesick, chief economist for Europe, Middle East and Africa at CBRE, said: “It is the first place that comes up on the radar when investors look to Europe and clearly they do not think changes to the regulatory environment will stop it from being the financial centre that it is.

“London also tends to be used as a springboard to get into the rest of the Continent so will often see the first uplift of new investors coming into Europe.”

One of the key attractions of the London property market is the structure of leases in the UK. Regular upward-only rent-reviews mean landlords can increase rents more often than in other European countries. The market for large office and retail buildings in the capital is also highly liquid.

The mix of investors has changed, however, as sovereign wealth, pension and insurance funds look to diversify away from government debt in their search for investments that offer a steady yield. Unlike some of the opportunistic funds that bought into the market during the boom, these investors look for already occupied buildings with a long lease in place to match their long-dated liabilities.

However, interest in London has also helped fuel new developments, such as the Middle Eastern-backed 64-storey Pinnacle in Bishopsgate. The appeal of the capital is also reflected in the city’s residential market, where overseas investors account for an increasingly large amount of transactions for both prime and middle-market homes.

North American investors were the largest non-European buyers of European commercial property during the 18 months, spending £11.2bn, while Asia spent £4.2bn and the Middle East £3.6bn.
http://www.ft.com/intl/cms/s/0/73a3c...#axzz1ZlJgIAzd
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Old October 4th, 2011, 08:45 PM   #2648
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Quote:
Originally Posted by yankeesfan1000 View Post
Because it's not a business venture that's going to give the US taxpayer any ROI. The buildings you mentioned aren't embassies, they're buildings that offer investors ROI, as a US taxpayer, or investor in that building, I'm disgusted. It's certainly a good looking building, but when we have so many needs here, like infrastructure, spending $1B on an embassy is a joke. Sorry to take this off topic.
I'd imagine they got a massive amount from selling their current sites, it sites on a prime piece of land. It was sold to some Qataris, although I don't know how much for. Probably not far off a $1bn though.
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Old October 5th, 2011, 11:39 PM   #2649
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I'd imagine they got a massive amount from selling their current sites, it sites on a prime piece of land. It was sold to some Qataris, although I don't know how much for. Probably not far off a $1bn though.
Well Hillary Clinton says as much in the video posted above.

It's also more efficient to house all operations in one building, rather than several.
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Old October 6th, 2011, 10:33 AM   #2650
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The new US embassy will have what kind of security features?
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Old October 6th, 2011, 05:40 PM   #2651
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Many are not revelead but I imagine all kind of electronic features, anti-nuclear/anti-biological features, underground secret passages and many others certainly not revealed.

http://www.thisislondon.co.uk/standa...tifications.do
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Old October 6th, 2011, 06:16 PM   #2652
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Nice!!! London leading the way.... way out in front ahead of the rest of Europe's cities.
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Old October 6th, 2011, 06:27 PM   #2653
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This is too much for London


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Old October 7th, 2011, 12:55 AM   #2654
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Demolishing buildings to build the new UBS London HQ.

by Cranesetc.

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Old October 7th, 2011, 01:04 AM   #2655
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Green light for new City office scheme

Land Securities has today announced that it has secured resolution to grant planning consent for its development of new office space in the City of London, EC4 at 1 New Street Square.

The new scheme will replace three existing buildings on the corner of Shoe Lane and Little New Street with one dramatic building providing approximately 250,000 sq ft of contemporary office and retail accommodation. It will offer vital grade A office space for London’s Midtown market combined with spectacular views of St Paul’s Cathedral.

The scheme, designed by Robin Partington Architects, will also bring restaurants and retailers to the area, enhance the pedestrian route through Athene Place, and reinforce Land Securities’ successful New Street Square’s reputation as an exciting Midtown destination.

Commenting for Land Securities, Colette O’Shea, Head of Development, London Portfolio, said: “New Street Square has become an important London location and has helped put Midtown on the map. 1 New Street Square will be a natural extension to the area, making it even more attractive to potential occupiers. It will bring much needed grade A office space to London in 2016 and help maintain London’s reputation as an attractive place to work.”

Work is expected to start in 2013 and completion is expected in 2016.
http://www.freeofficesearch.co.uk/Of...-Office-Scheme
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Old October 7th, 2011, 01:15 AM   #2656
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This is too much for London
I swear a while ago you said that a city the size of London needs a bigger skyline?

Or was that someone else?
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Old October 7th, 2011, 01:29 AM   #2657
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West London office scheme fully let



IVG Institutional Funds GMBH, represented by international real estate advisor Savills and Altus Edwin Hill, has let the final remaining office space in Chiswick, W4, at The Building, 578-586 Chiswick High Road to MarketOne Europe LLP.

The leader in outsourced demand generation and lead management has agreed a new 10-year lease on space totalling 10,162 sq ft over the first and second floors. MarketOne Europe LLP will pay an annual rent of £279,455, which equates to £27.50 per sq ft.

Andrew Willcock, Associate Director at Savills, comments: "With its high quality and flexible office space, combined with a prime position in the heart of Chiswick, The Building has proved to be a great success. MarketOne Europe joins a number of other established corporate names including Television Versioning & Translation Ltd, Taleo and Broadcast Text International."
http://www.freeofficesearch.co.uk/Of...ar=October2011
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Old October 7th, 2011, 01:32 AM   #2658
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Landmark City of London office scheme complete



The London office of Hines, the international real estate firm, is celebrating the completion of its new Cannon Place landmark office development in the heart of London. The project is a joint venture with Network Rail and London Underground, delivering almost 400,000 sq ft of prime office space in the City of London together with new retail amenities and incorporating the re-development of Cannon Street station.

Addressing an audience at a gala lunch hosted by Hines at the new building, the Lord Mayor of London, The Right Honourable Alderman Michael Bear, officially declared the building complete and open for business, stating that: “The completion of this remarkable development represents a significant milestone in the confidence I believe we are seeing return to the city. At a time when the supply of high quality office space is limited, Cannon Place represents a building completed at the right time, in the right place. It is not only one of the largest schemes to complete in the city this year; it is aesthetically stunning and is a tremendous addition to the city’s streetscape.

“Buildings such as Cannon Place are crucial for the future prosperity of the city, providing the environments to attract global corporate occupiers to help London maintain its position as the world’s greatest financial centre.”

The building itself represents a major feat of engineering. Made from glass and steel, Hines has adopted complex techniques used in the construction of the world’s major suspension bridges, to give the dramatic appearance of the building ‘floating’ above the station. When complete and fully occupied, the building will provide a workplace for up to 4,000 people.

Built over eight floors, Cannon Place delivers 389,000 sq ft of highly specified, contemporary Class A space. Each floor offers 50,000 sq ft of efficient and virtually column-free space with uninterrupted light. The upper floors provide spectacular panoramic views across the city skyline toward St Paul’s Cathedral. On the ground floor adjacent to the station entrance there is provision for up to 10,000 sq ft of retail space.

CB Richard Ellis and Savills are the joint leasing agents for the property.
http://www.freeofficesearch.co.uk/Of...cheme-Complete
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Old October 7th, 2011, 01:36 AM   #2659
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Diagram of The Place's construction.

by The Shard Baby.

image hosted on flickr

5.10.2011 by The Shard Baby 2, on Flickr
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Old October 7th, 2011, 01:38 AM   #2660
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Good work Porto, great information as always... This thread owes you a debt! You are one of the best posters on this site.
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