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Old November 28th, 2011, 10:41 AM   #2921
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Royal Dock new development



Sitting alongside the award-winning Thames Barrier Park, Waterside Park is an impressive new development in London's Royal Docks that offers the best riverside living in this busy city.

Comprising more than 700 new homes and a wide range of amenities, the prime development provides panoramic views of the River Thames as well as the skyline of London.

This sanctuary in the British capital acts as a green oasis, with landscaped private courtyards, a children's play area, shops, a 24-hour concierge, a creche and a 2,500-square-foot residents' health and fitness center.

The development creates a thriving and lively community regenerating the historic Royal Dock area. Waterside Park is a hip and trendy area for residents who wish to find a place that is full of style and energy, yet with a piece of history.

And the development - with its aesthetically pleasing architecture - is in one of London's most vibrant new neighborhoods.

The area around itself offers a broad choice of facilities and amenities.

ExCeL London, renowned for its concerts and exhibitions, is just eight minutes away from Pontoon Dock on the Docklands Light Railway.

A wide range of pubs, bars and restaurants, plus Gallions Reach Shopping Park, is nearby.
http://www.thestandard.com.hk/news_d...=3&d_str=&fc=7
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Old November 28th, 2011, 10:43 AM   #2922
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Kirsh snaps up UK tower for £285m

In his "first big deal in England", London-based South African billionaire Natie Kirsh is buying London's Tower 42, which has dominated the skyline of the square mile of the City since the beginning of the 1980s.




Kirsh beat 11 rival bids with a £285-million offer. The 2.2-acre site was put on the market for £290-million and includes four adjacent properties.

Known as a serial deal-maker, about eight years ago Kirsh started transforming trading business Jetro in the US into a $3.5-billion company.

Modelled on SA's Metro Cash & Carry, which he once controlled, it distributes food and dry goods to small stores in big cities, according to the Financial Mail.

He came to prominence in the UK after launching a hostile bid for Minerva, which owns the Walbrook Building and St Botolph's Building in London, according to propertyweek.com.
http://www.businesslive.co.za/southa...tower-for-285m
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Old November 28th, 2011, 03:28 PM   #2923
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You think that we will see some new fresh cladding on this building?
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Old November 28th, 2011, 04:35 PM   #2924
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I don't think this tower will get new cladding although it is now owned by a different owner. But I am sure we will see some cool night lighting schemes during the Olympic.
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Old November 29th, 2011, 07:59 PM   #2925
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This should be excellent for the Battersea/Nine Elms regeneration.

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Green signal for Northern line extension and 25,000 new jobs

New moves to create thousands of jobs in London by securing the long-awaited Northern line extension to Battersea will be unveiled in tomorrow's growth review, the Standard has learned.

A range of incentives will be announced to sign up developers, including an offer to create an Enterprise Zone around the historic site of Battersea Power Station. Construction of the Tube spur from Kennington via the Nine Elms redevelopment to Battersea's prime site will change the face of south London.

Costing between £750 million and £950 million it will generate between 16,000 and 25,000 jobs and thousands of new homes, cafés and business premises in the heart of the capital.

George Osborne, the Chancellor, wants a deal struck by 2013 ready for construction to begin in 2015. A Treasury source said: "The entire weight of the Government is being thrown behind the extension of the Northern line." Talks will be held with pension funds and even the Chinese sovereign wealth fund about investing in the scheme.

The offer of an Enterprise Zone, which would lure small businesses to the site with the promise of tax breaks, is one of the major new incentives. The Mayor and other local authorities may be allowed to borrow hundreds of millions of pounds from the private sector against the future income stream from business rates or a special levy.

The plans will be contained in the growth review which will be at the heart of Mr Osborne's Autumn Statement tomorrow. Downgraded growth forecasts and unemployment are expected to dominate the headlines but other key announcements are expected to include:

Tube and bus fare increases in London will be held down to 6.2 per cent rather than 7.2 per cent on average in January, through £130 million of extra funding to Transport for London.

Rail fares nationally will also rise by 6.2 per cent, rather than the planned average of 8.2 per cent.

An extra £5 billion of cuts will fall on public spending, in order to finance an extra £5 billion of investment in big infrastructure projects, like power stations and road-building. Overall, the Chancellor will promise £30 billion for spending on big projects, two-thirds coming from pension funds. Money will be clawed back from projects that have not got off the ground yet, such as a delayed carbon capture scheme under Energy Secretary Chris Huhne.

New economic figures will show growth slowing down to about one per cent this year and next, with the structural deficit now taking until 2016/17 to eradicate, an extra two years compared with last year's plan. One think tank, the Paris-based OECD thinks Britain is already falling back into a mild recession.

Around £20 billion will be used to create cheaper loans for small firms employing fewer than 50 people under the promised "credit easing" policy. Loans will be made by banks but underwritten by the Treasury. Treasury minister Danny Alexander promised tough crackdowns on tax dodgers to help fund spending on jobs.

Nine Elms to the West End in 11 minutes

The Northern line extension would run from Kennington to new stations at Nine Elms and Battersea and would form a continuation of the Charing Cross branch.

Completion would bring Nine Elms within about 11 minutes' journey time of the West End and City. Nine Elms is by far the biggest regeneration project in central London - a 200-acre expanse with the long-abandoned hulk of Battersea Power Station at its heart and the longest remaining undeveloped stretch so close to the West End.

It has already attracted major new tenants, notably the US embassy, and the area's planning framework anticipates up to 16,000 new homes.

Chelsea football club have also appointed architects to draw up plans for a new stadium close to the power station for up to 60,000 spectators. But developers and landowners have always insisted that the vision cannot be fully realised without a direct Tube link into the centre.
http://www.thisislondon.co.uk/standa...00-new-jobs.do
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Old November 29th, 2011, 08:45 PM   #2926
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12% increase in Central London office development

Despite the economic uncertainty, the recovery in development activity seen six months ago has been sustained over the last six months with 22 new starts recorded. According to the latest Drivers Jonas Deloitte Crane Survey, the total amount of office space in Central London now under construction has increased by 12% to 7.2m sq ft (from 6.4m sq ft six months ago and only 2.7m a year ago).

The latest survey observes the trend for comprehensive refurbishments, noting some developers are holding back on the demolition ball, in favour of this quicker to complete and often cheaper delivery strategy. Another clear trend is that the schemes being started are significantly smaller than six months ago. Whilst there are only three fewer schemes than last survey the total volume of space started over the last six months has fallen 66% and the average new scheme size has fallen from 195,000 sq ft to 72,000 sq ft.

The London crane survey records seven new starts with a total of 3.1m sq ft of office space in the City of London under construction – an 11% increase on six months ago. The increase in new starts is also the result of a number of significant refurbishments of existing buildings bringing a total of 362,000 sq ft across five sites, the largest being 135,000 sq ft at 199 Bishopsgate, EC2, being refurbished by British Land and Blackstone to be completed in Q3 2012.

...
http://www.freeofficesearch.co.uk/Of...r=November2011
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Old November 29th, 2011, 11:36 PM   #2927
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Top London property set for Chinese takeaway in new Cordea Savills fund

IN RECENT years it has been seen as the preserve of affluent Britons, Arab sheiks and Russian oligarchs. Now, however, more top London property could be snapped up by Far Eastern investors, including perhaps the Chinese Communist Party.

Cordea Savills, the fund management arm of consultancy Savills, has launched a £150m fund that will buy prime London homes, giving Asian investors an alternative way to invest in the sector. The fund is aimed at institutional investors and super rich individuals in the East and West but is expected to benefit from the strong Asian interest in London.

Indications of interest have been strong so far, particularly from Chinese buyers, said Brian D’Arcy Clark, Cordea’s head of residential acquisitions. The property slowdown in the Chinese property market is forcing fund managers to look abroad for stronger growth.

“There’s very good evidence that Chinese investors want to invest in London and there’s pent-up demand from high-net-worth individuals from China to come into London,” Clark said.

The fund, which closes in January, will invest in London property by forming joint ventures with developers and by committing to acquire apartment units before construction to get better prices, Cordea Savills said. It expects to see net returns of about 18 to 20 per cent a year.
http://www.cityam.com/news-and-analy...a-savills-fund
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Old November 30th, 2011, 12:03 AM   #2928
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Taylor Wimpey to redevelop £55 million Islington scheme

Taylor Wimpey will bear all construction costs for the redevelopment of the 1.9 acre site in return for ownership of the residential units created by the scheme.

The £55 million scheme currently has planning permission for 72 apartments and houses and a 63,000 square feet business centre. In return for the sale of the residential element of the scheme to Taylor Wimpey, the agreement provides that Workspace Group will benefit from a £4.75m payment spread over the construction period; ownership of the business centre and 30% of all private residential sales in excess of £33.1m.

All construction costs will be borne by Taylor Wimpey and the redevelopment is expected to be completed by early 2014. The site currently includes 53,000 sq ft of studio and light industrial space. Workspace Group owns and manages 100 properties covering about 5.5m sq ft of commercial space across London, a significant number of which have the potential for mixed use redevelopment, the developer said.

This is the second project of this kind for Workspace. The first agreement for such a project was signed last March with developer Mount Anvil for an £80m mixed use scheme in Wandsworth Town Centre.

A number of similar projects are being undertaken across the City on sites that already have mixed use planning permission. Bow Enterprise in east London and the Grand Union in North Kensington are two such sites that have permission to collectively develop 700 residential apartments and 166,000 sq ft of new business centre space.
http://www.out-law.com/en/articles/2...ington-scheme/
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Old November 30th, 2011, 07:55 PM   #2929
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Are the Olympics regenerating East London?

Team GB has pledged to come at least fourth in the medal table at next year’s Games. But the true test of the Olympics will be the one felt after the lights come up on the closing ceremony – when the wider legacy of the multi billion pound investment in East London gets its chance to stand on the medal podium, or not.

Who's buying what?

There are now hundreds of flats being built in the Olympic boroughs of London, and the same numbers being sold.Housing developments in Newham, Hackney, Tower Hamlets and Waltham Forest – some of the poorest and most deprived boroughs in the country - are now pulling in first-time buyers, owner-occupiers and investors who recognise they’ll get more bang for the buck if they buy a home in this part of the Capital. And while not always moneyed, these new residents tend to come from the aspiring middle class – the types of residents who want to find a home with a high spec kitchen and a coffee shop lifestyle, or plan to rent their investment out to someone who does.

But to what extent is the Olympics driving this change out east? Estate agents Hamptons International say the Games are part of a larger regeneration picture in East London. The transformation is also being driven by Canary Wharf’s status as a global business hub and by a good availability of land for development in the Docklands area, helped along by Tower Hamlets’ open-minded planning attitudes to converting industrial land to residential.

“East London is undergoing significant regeneration with widespread residential investment in the area, due in part to London 2012 as well the growth of the Canary Wharf business district,” says Hamptons International’s Richard Pine Coffin. “The 2012 Olympic legacy offers tremendous opportunities for East London with the creation of new transport links, including the much awaited East London River crossings, the extension of the East London tube network and Crossrail.”

Demographic shift

This regeneration has already started to cause a demographic shift in East London. “We get a lot of single girls who want to buy here which is a good sign,” says Ian Conway of Felicity J Lord ’s Stratford branch who is at the coalface of housing influenced by London 2012 accommodation . “Developments are safe and transport is second to none.”

And while the area is popular with investors, the majority of those buying into the area are owner-occupiers, who Conway says are attracted by the area’s new more cosmopolitan atmosphere. “The regeneration of Stratford is great and even just looking outside our office, we can see they really cleaned it up: there are plants, there’s greenery. It’s doing wonders for the area, because obviously Newham was the most deprived borough in London previously.”

But is it down to the Olympics? Conway says yes, partly. “What we get here is almost an overflow of people from Canary Wharf. They’ve been renting there and paying exuberant amounts but now want to buy and can’t afford to do it there. We’re six stops on the DLR to Canary Wharf and three stops on the Jubilee line.”

The price is right

Price is a major draw too, he says. “Stratford is probably one of the last places in East London that’s untapped in terms of price growth. Bow has gone through the roof in the past five years, but now people are coming that little bit further east."

And yet, Conway is convinced the real benefits of regeneration won’t be properly felt until well after the Games. “Obviously, the infrastructure is being put in now and they’re working day in and day out to create a nice atmosphere, but I don’t think we’ll see the full extent of it until after the Games, which is historically when Olympic cities tend to see the benefits of regeneration.”

East London had started down the road to regeneration before London won the Olympics, says Ray Withers of property investment firm Property Frontiers, but the Games have been crucial in driving efforts forward. “Without the Olympic win we don’t feel the regeneration would have reached anywhere near the level it has now,” Withers says.

But whether London is awarded gold silver or bronze for it's regeneration efforts after the Games, won't be known until the greatest show on earth leaves town.
http://www.findaproperty.com/display...&storyid=24101
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Old November 30th, 2011, 11:59 PM   #2930
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Building The Revolution

Currently running at the Royal Academy of Arts in London is an exhibition on Soviet Constructivism called Building The Revolution : Soviet Art and Architecture 1915-1935.



The exhibition looks at the flowering of architecture and art in Russia that followed the October Revolution, but gradually fizzled out by the late 1930s as Stalin's giganticism took hold and vied with that of Adolf Hitler's for supremacy.

Under-pinning the movement was a belief in an anti aesthetic, anti art, pro technology approach. Amongst those the exhibition covers are Vladimir Tatlin who perhaps created the most famous design of the whole movement when he dreamed up the Monument to the Third International. A reconstruction of what these days is called Tatlin's Tower has been created for the exhibition by Jeremy Dixon and stands in the Annenberg Courtyard as a companion piece.

Despite its brief flowering, the period was hugely influential and even spread to Britain with the likes of constructivist Berthold Lubetkin who had emigrated from Russia in 1931. He was responsible for the first high-rise apartment block in the country, High Point, and the foundation of his firm Tecton. Lubetkin worked closely with Ove Arup and the two of them left a lasting legacy on British architecture.

A modern form of constructivism continues to be championed by Foster and Rogers in their designs, but to see how it began you'll have to check out the exhibition.

It runs in the Sackler Wing until the 22nd of January 2012 with adult tickets costing £9.00. Students are £5.00 and pensioners get in for £7.00.
You can find the royal Academy at Burlington House, Piccadilly. The nearest tube stations are Green Park and Piccadilly.

http://www.skyscrapernews.com/news.php?ref=2996
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Old December 1st, 2011, 12:13 AM   #2931
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The Garden Heart



A key part of the plans to regenerate the vast area of Lambeth that is owned by the Covent Garden Market Authority (CGMA) is a new mixed-use hub that will not only offer residential accommodation and shops, but also offices for the CGMA itself. It is appropriately named The Garden Heart.

It is a roughly triangular site on the eastern tip of the land owned by CGMA that currently serves as a car park, has a railway viaduct to the north and Pascal Street to the south. The northern and southern sides will be lined with low-rise buildings with a 13-floor residential tower set in between them on the prominent corner position that traffic from Vauxhall will approach.

This massing also means that the building heights will relate to the changing neighbourhood by stepping down from Vauxhall, and tie in with the cluster that is due to emerge there.

The development will also help enclose an open central area from passing traffic and the nearby railway meaning it can then be enjoyed as a old-fashioned food and flower market, not to mention additional space for public exhibitions or art.

The CGMA offices will be located here along with other business support services including a post office and bank, plus space for small start-up companies to grow in.

http://www.skyscrapernews.com/skynews.php
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Old December 1st, 2011, 12:18 AM   #2932
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The Orbit Tower hits it's final height



by chest
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Old December 1st, 2011, 02:48 AM   #2933
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Helical Bar Continues Growth



Results season continues with the latest figures from Helical Bar showing that the property company has finally returned to profit in the six months to September 2011.

Driving this change of finances from a loss of £3.2 million to a gross profit of £4.1 million has been an increase of net rentals that the company has experienced with them posting a 31 percent rise to £11 million. Development profits have also been instrumental with them now £1.8 million in the black versus a loss in 2010 of £9.2 million.

That said, the revaluation of the property portfolio hasn't shown the strong growth of others such as British Land with an increase of 0.9% like-for-like. Corporate de-leveraging has also continued with net borrowings to the property portfolio falling from 45 percent to 43 percent. Despite the good news, the interim dividend is set to stay at 1.75 pence per share.

Helical Bar has had a successful period of achieving planning permissions with their Sheppard Robson-designed Mitre Square development in London having won planning permission (yet again). Fulham Wharf on Town Mead Road has also got the go-ahead from the planning authorities whilst they continue to work on the proposals for a massive 150,000 square metre development at White City.

They've also been busy buying, and disposing, of property. Leading their acquisitions is the purchase of much of Corby Town Centre for £70 million that was completed earlier this month which promises to return a yield of 8 percent.

The company closed at 173 pence per ordinary share on Thursday afternoon in London, a rise of 6.12 percent.

http://www.skyscrapernews.com/news.php?ref=2991
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Old December 1st, 2011, 07:11 PM   #2934
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Looks great.

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The Garden Heart

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Old December 1st, 2011, 07:17 PM   #2935
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The Orbit Tower hits it's final height



by chest
Is the highrise in the foreground being reclad ?
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Old December 1st, 2011, 11:38 PM   #2936
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You think that we will see some new fresh cladding on this building?
please, no
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Old December 2nd, 2011, 03:27 AM   #2937
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the "orbit-thing" is really strange....but hell, why not...i guess people thought similar about the eiffeltower...
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Old December 2nd, 2011, 08:45 PM   #2938
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Is the highrise in the foreground being reclad ?
Hopefully so.
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Old December 2nd, 2011, 11:43 PM   #2939
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Is the highrise in the foreground being reclad ?
yeah
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Old December 3rd, 2011, 12:20 AM   #2940
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Ooops!

Crane overturns at Tate Modern

http://www.vertikal.net/en/news/story/13712/
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