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Old January 15th, 2012, 12:22 PM   #3061
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Boris Johnson engulfed in a conflict of interests row after approving controversial development

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13/01/2012



Top Tory Boris Johnson has been engulfed in a conflict of interest row after approving a controversial £125million building project linked to scandal-hit lobbyists Bell Pottinger.

The Mayor of London overruled town hall chiefs who had blocked the luxury flats, offices and shops development in the heart of the capital’s West End.

Mr Johnson acted just weeks after hiring fellow Tory Sir Edward Lister as his Deputy Mayor, with responsibility for planning.

Sir Edward’s son Matthew works for Bell Pottinger, which acts for the real estate firm behind the Charlotte Street redevelopment – Derwent London.
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Old January 15th, 2012, 12:24 PM   #3062
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A Titanic response: Tens of thousands snap up tickets for new £90million visitor centre

Nearly 35,000 people have pre-ordered tickets to tour a new £90million Titanic visitor attraction in Belfast, proving that the tragic story can still move enthusiasts almost a century on.

The interest in Titanic Belfast, the centre dedicated to the doomed liner, emerged as its operators marked 100 days until Northern Ireland's largest ever tourism project opens its doors.

A total of 400,000 are expected to pay a visit in its first year. The eye-catching building, which is made up of 3,000 aluminium panels shaped like the vessel's hull, has been built on the spot where the liner was first rolled into the water in 1911.





...........
http://www.dailymail.co.uk/travel/ar...ttraction.html
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Old January 15th, 2012, 01:16 PM   #3063
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London? ? ?
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Old January 15th, 2012, 01:54 PM   #3064
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sorry wrong thread lolz
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Old January 15th, 2012, 11:46 PM   #3065
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Axa Real Estate constructs London offices

Axa Real Estate Investment Managers appoints Balfour Beatty as the principal contractor to deliver the final construction phase of Sixty London, a prime London office development.

The next phase of Axa Real Estate’s work on the Grade A, 215,000 sq ft scheme, designed by Kohn Pederson Fox Associates, has kicked off with completion due in summer 2013.

Development Venture III, advised by Axa Real Estate (“DVIII”) in partnership with Favermead, is speculatively developing the project - previously the site of Bath House - to ensure delivery into a supply-constrained London office market in 2013.

Since the partnership began in March 2011, Axa Real Estate’s UK development team has worked with the design team to evolve the building’s design and architecture, among other things increasing the floor area by 20,000 sq ft, as well as improving the size and presence of the office reception area.

Sixty London is within 20 minutes from London’s busiest mainline railway stations, including King’s Cross St .Pancras, Victoria, London Bridge, Euston, Liverpool Street, Waterloo and Paddington.

All five of London’s airports are also within an hour’s reach.

It is opposite the City Thameslink station and two minutes walk from Farringdon, which, upon the introduction of Crossrail, is expected to become one of London’s busiest transport nodes. It is also just five minutes’ walk from the new shopping centre, One New Change.

In addition to the 215,000 sq ft of office space, Sixty London will offer 20,000 sq ft of retail and restaurant accommodation on the ground floor and discussions are underway with a number of potential occupiers who would further enhance the building and the local area.

Elsewhere within the City of London, Axa Real Estate is developing 60,000 sq ft of new offices with 20,000 sq ft of retail / restaurant space and 10,000 sq ft of prime residential apartments at 1 St Paul’s, as well as 160,000 sq ft of new office space at 6 Bevis Marks in conjunction with MGPA and Eurohypo.

Sixty London was the first UK transaction for DVIII which was launched in July 2010 and has raised €588.5m (£491.6m) to date.

DVIII seeks to invest across Europe, making use of the specialist local development expertise in AXA Real Estate’s teams in the UK, France, Italy, Spain and Germany.

Harry Badham, UK director of development of Axa Real Estate, said: “Our team has worked incredibly hard over the past year to finalise and enhance the design and specification of Sixty London and to procure a construction programme - which began last summer - that meets our 2013 delivery timetable.

“We are now very excited to hand over the final construction phase to Balfour Beatty, which has an excellent team and track record, to deliver this fantastic new prime office building.”
http://www.ftadviser.com/2012/01/13/...M/article.html
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Old January 15th, 2012, 11:55 PM   #3066
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Kuwait eyes $1.5 billion London property deal

German fund KanAm is in talks with the real estate arm of Kuwait about the sale of a 1 billion pound portfolio of four London properties that includes Deutsche Bank's (DBKGn.DE) UK base, a source close to the matter told Reuters.

The sale by the German open-ended fund includes buildings occupied by the European Bank for Reconstruction and Development and Thomson Reuters (TRI.TO), underlining the strength of London's safe-haven appeal for real estate investors.

Kuwait's St Martins property investment company has carried out detailed due diligence on the portfolio, in addition to Malaysian investment fund Permodalan Nasional Berhad (PNB), the source told Reuters.

On Wednesday, Reuters reported PNB was in talks with KanAm for some or all of the portfolio, alongside at least one other bidder.

"About 10 companies did due diligence but these two spent more time and money than the rest," the source said, adding a completed deal may be several weeks away.

One possibility under discussion was the sale of three of the buildings to PNB, though nothing had been finalised, the source said.

A KanAm spokesman declined to comment on the identity of the bidders.

German open-ended property funds, which allow investors to withdraw money any time, will sell more assets after legislative changes last year made it difficult for large investors to exit at short notice, property broker CBRE (CBG.N) said in June.

The KanAm fund, which has some 4 billion euros ($5.1 billion) of assets under management, is closed for a second time.

...
http://uk.reuters.com/article/2012/0...80C0PB20120113
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Old January 16th, 2012, 01:47 PM   #3067
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by Light Parade.

Needleman Street/Surrey Quays Road















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Old January 16th, 2012, 04:15 PM   #3068
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62 Buckingham Gate

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Old January 16th, 2012, 07:01 PM   #3069
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London to get new road tunnel under River Thames within decade, promises Boris Johnson

The proposed tunnel, between the Greenwich peninsula and Silvertown in the Royal Docks, will have a capacity of 2,400 vehicles an hour in each direction, and will relieve pressure on existing tunnels at Blackwall and Rotherhithe to the west.

Speaking to London government leaders this evening, Mr Johnson will describe the tunnel as part of a package of transport investment to support the capital's growth. He will also promise that a new ferry crossing between Beckton and Thamesmead at Gallions Reach will be open for traffic by 2017, creating a further transport link in east London.

"When I look at London, I see a city of incredible potential and tonight I will make the case for a huge new phase of investment in the capital, including a major new river crossing east of Tower Bridge,'' said Mr Johnson.

''We are in the right time zone, speak the right language and have the young, skilled population to continue to attract investment from the world's greatest businesses. This is not a time for London to falter it is a time for London to flourish.''

Transport for London will begin preliminary consultation work on the Silvertown Tunnel in February, said the mayor. In his speech in the City of London tonight, Mr Johnson will say that TfL is also pushing ahead with preparations for an extension to the Northern Line of the London Underground to Battersea, which has not previously been served by the Tube.

Darren Johnson, a Green Party member of the London Assembly, said: "The London mayor can't claim that air pollution or climate change are a priority whilst proposing to build a traffic-generating road like this Silvertown Tunnel.

"The last mayor lost the public inquiry on the ground that a bridge at Gallions Reach would increase traffic in east London and add to pollution. This tunnel is a straightforward attempt to double capacity around the Blackwall Tunnel and will generate extra traffic all over east London.

"I don't understand how Boris Johnson can support this bridge when air pollution in London is already failing both national and European standards."

AA president Edmund King said: "The Thames is a barrier to mobility, employment and enterprise in east London. The Seine in Paris has almost twice as many river crossings as we have over or under the Thames. This proposed new tunnel is most welcome and could do much to alleviate congestion and emissions around the Blackwall Tunnel.

"It is not good for the environment having traffic waiting 20 minutes to use the Blackwall Tunnel. We support these proposals although it remains to be seen how the tunnel will be paid for."

Friends of the Earth's London campaigner, Jenny Bates, said: "A new road tunnel and car ferry will bring misery to Londoners by creating more noise, more traffic and more pollution.

"If Boris Johnson wants to keep his pledge to make London the world's greenest capital, his transport policy needs to go in a different direction."

Labour member of the London Assembly John Biggs said: "One of Boris Johnson's first moves when he came to power was to scrap plans for a new bridge in east London and throw away its funding to the tune of hundreds of millions.

"We've now been waiting almost four years. If he hadn't been so short-sighted back in 2008, we could have been opening a river crossing now. Instead, all we have is a tunnel that is years away and doesn't appear to have any funding behind it."

Mr Biggs noted that Chancellor George Osborne did not make any commitment to fund the Silvertown crossing in his Autumn Statement.

In the November 29 statement, Mr Osborne said: "The Government will work with the Mayor of London and Transport for London to explore options for proposed additional river crossings, for example at Silvertown, and we will support the extension of the Northern Line to Battersea in partnership with the private sector."
http://www.telegraph.co.uk/news/ukne...s-Johnson.html
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Old January 16th, 2012, 10:39 PM   #3070
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Early plans for Elephant & Castle’s new leisure centre go on show

Initial plans for the redevelopment of Elephant & Castle Leisure Centre have been put on display. The new centre - with swimming pool - will be part-funded by an adjacent high-rise block of private flats.

Last year Southwark Council sold the eastern half of the site occupied by the existing Elephant & Castle Leisure Centre to Lend Lease, its development partner for the Heygate Estate redevelopment.

The council plans to use the proceeds of the sale to fund a new leisure centre – with swimming pool – on the western half of the site. Controversially, Lend Lease's development on the front half of the site will not include any affordable housing.

Last summer Lend Lease appointed Squire & Partners to design the residential tower while the council has picked S&P architects to design the new leisure centre.

Dozens of local residents turned out on Saturday for the first day of the public exhibition of the initial proposals for both halves of the site.

"The new leisure centre promises to be a very high quality facility, in the heart of Elephant & Castle's regeneration area, and with a brand new 25-metre pool, one which local people have asked for," says Cllr Fiona Colley, Southwark's cabinet member for regeneration.

“The consultation process throughout the development of Elephant & Castle is extremely important – we want to hear people's views to shape the future of the area. It's this kind of thorough, two-way conversation with those who are interested which results in the best outcomes, the most exciting projects and the most sustainable communities.

“I urge people to come along and voice their opinions, positive and negative, so we can see what the leisure centre could look like."

The new leisure centre will include a new six lane 25-metre swimming pool, learner pool, sports hall, gym, exercise studios, spinning room, creche and cafe. However – despite cross-party calls for a rethink – the council has concluded that squash courts won't be included.

The amount of sports hall space will also be halved compared to the existing centre: the current building houses eight badminton courts' worth of space but the proposals include a single four-court sports hall.

The residential development at the front of the site is likely to include around 280 new homes in a tower between 35 and 37 storeys high, with shops and restaurants at ground level. The plans are expected to include a unit suitable for a small supermarket.

A further public exhibition will be held this spring before planning applications are submitted. If everything runs to schedule, the existing leisure centre will close in the summer, demolition will start in the autumn and the new facility will be open in 2014.
http://www.london-se1.co.uk/news/view/5778
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Old January 17th, 2012, 12:10 PM   #3071
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by [email protected].

Saffron Square





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Old January 17th, 2012, 02:15 PM   #3072
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Originally Posted by gegloma01 View Post
Canary Wharf has secured a £190m loan facility to build the 23-storey tower at 25 Churchill Place, which is half pre-let to the European Medecines Agency (EMA).

Construction is due to start in early 2012.

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Old January 18th, 2012, 04:28 PM   #3073
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Canary Wharf Group set to double the size of the skyscraper district by 2021

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UPDATE 2-Canary Wharf diversifies with 90 mln stg buy

Wed Jan 18, 2012 6:32am EST

How Wood Wharf will look by 2021.




* Buys full control of Wood Wharf site next to Canary Wharf

* Pays 52.4 mln stg for British Waterways' 50 pct stake

* Pays 38 mln stg for Ballymore's 25 pct stake

By Brenda Goh

LONDON, Jan 18 (Reuters) - Canary Wharf Group underscored its faith in the development potential of its financial hub in east London with the 90.4 million pounds ($138.8 million) purchase of full control of a semi-derelict site adjacent to its existing estate.

Purchase of the Wood Wharf site to the east of Canary Wharf -- for which ambitious development plans envisage more offices, apartments and a hotel -- marks the next phase in the company's long-term plans for its Canary Wharf estate.

The site has over the past 24 years come to rival London's City financial district, attracting tenants including HSBC and Citigroup, and the purchase shows Canary Wharf's belief in strong future demand despite the financial sector's current woes.

It also allows CWG, majority owned by Songbird Estates and which owned 25 percent of Wood Wharf, to diversify its office-led property portfolio.

"For us it is interesting because Wood Wharf is a genuine mixed-use development at Canary Wharf, which has just been a pure commercial development. It does mark us in a slightly different direction," a CWG spokesman said on Wednesday.

About 3.3 million square feet of offices and shops, 1,600 homes and a hotel are planned for the 16.8 acre Wood Wharf site, representing almost a third of the Canary Wharf estate. It already has detailed consent for 1.5 million sq ft of offices.

"We are becoming more involved with residential development and we see that continuing with the Wood Wharf development," the spokesman said.

Canary Wharf is a 97-acre estate with about 15 million sq ft of offices and retail. Of that CWG owns about 6.9 million sq ft and has consent for a further 5.3 mln sq ft.

The acquisition comes as investment banks severely prune back staff numbers and as companies shelve planned moves amid global financial turmoil, leaving some London developers struggling to attract tenants.

Law firm CMS Cameron McKenna and wealth manager Schroders are among companies that have recently pulled out of pre-let deals in major London schemes.

MIXED USE

CWG paid 52.4 million pounds for a 50 percent interest in Wood Wharf owned by British Waterways and 38 million for Irish developer Ballymore's 25 percent.

The deal with British Waterways included an annual ground rental payment to the government body, which will increase to 6 million pounds by 2016.

CWG may start construction of Wood Wharf's residential portion before the commercial aspect and would seek pre-lets for at least a third of the office space before commencing development, the spokesman said.

In September, CWG Chairman George Iacobescu said the group aimed to double the size of Canary Wharf by 2021, soaking up capacity for an extra 100,000 passengers a day from the Crossrail transport project and undertaking demand-led developments.

"We see this as a positive transaction, as Canary Wharf has now control over the timing and design of the Wood Wharf scheme," J.P.Morgan Cazenove analyst Harm Meijer said in a note, adding the site's price of 25 pounds per sq ft was attractive.

"In addition, Canary Wharf diversifies its portfolio and Wood Wharf will benefit from Canary Wharf's existing infrastructure," he said.

At 1112 GMT, Songbird shares were up 1.4 percent at 112.5 pence, outperforming a 0.7 rise in the broader index of UK property stocks.
http://www.reuters.com/article/2012/...8CI0P620120118

Last edited by LondonFox; January 18th, 2012 at 04:36 PM.
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Old January 18th, 2012, 04:40 PM   #3074
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Wood Wharf construction to begin.



http://www.rsh-p.com/work/all_projects/wood_wharf
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Old January 18th, 2012, 05:24 PM   #3075
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9 years of construction (assuming it starts this year) - go for it, I say!
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Old January 18th, 2012, 07:22 PM   #3076
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go london and good bye frankfurt
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Old January 18th, 2012, 07:26 PM   #3077
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canary is my prefered CBD and it will continue to be.

Just fantastic!
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Old January 18th, 2012, 07:40 PM   #3078
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Ballymore's site shows an impression of how the tallest building in the plans a 62 floor residential tower) could look. Quite Rotterdam-esque IMO.

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Old January 18th, 2012, 09:00 PM   #3079
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Good to see there's a possibilty of Wood Wharf slowly happening. Canary Wharf really needs to get it going again.
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Old January 18th, 2012, 09:08 PM   #3080
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Canary Wharf needs some new designs, something that might just push the envelope of the blocky glass box. Otherwise it's starting to look dated, which is the kiss of death especially in competition with The City, and all its history, dynamism, plurality, edgy designs and transport links.
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