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Old March 31st, 2012, 02:22 AM   #3441
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Farrells Win Alexandra Palace Masterplan

An announcement has been made that Terry Farrell and Partners has been appointed to undertake the master planning of regeneration work to London's historic Alexandra Palace, also affectionately known by Londoners as "Ally Pally".

Following the competitive tendering process, the firm has been selected to put forward several design options for the possible future use of the site. These will be displayed for a public consultation that will begin in May.

Regeneration work on the Grade 2 listed building began last year and English Heritage made an award of £320,000 earlier this year to carry out essential restoration work to the fabric of the building and appoint restoration architects.

Set in 196 acres of land, the historic building, which offers stunning views of the City of London, was built in 1873 as a place for Victorian commoners to enjoy educational and recreational pursuits and was intended as a counterpart to South London's Crystal Palace.

Over its life it has become globally known as the birth-place of the BBC who carried out some of their first broadcasts from here, but these days it's probably best known for staging many high profile music gigs, becoming a Cool Venues Award winner in 2011. The iconic structure will also be playing part in the 2012 Olympics, hosting the torch relay.

So far £2.3 million has been spent renovating the ice rink and park and the new regeneration plans will aim to capitalise on the public benefit potential of the building through providing a more financially stable model for the palace.
http://www.skyscrapernews.com/news.php?ref=3057
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Old March 31st, 2012, 08:41 AM   #3442
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Old March 31st, 2012, 02:14 PM   #3443
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London venues win half of arts budget

Four of the most acclaimed cultural venues in London are to receive nearly half of the Arts Council England £114 million refurbishment budget.




The Southbank Centre is in line for £20 million while the National Theatre could receive £17.5 million after passing the first hurdle of funding applications.

The Royal Opera House would get £10 million for modernisation and repairs, a little over 12 years after it reopened following a £220million redevelopment. English National Opera has been earmarked for nearly £2.2  million.

The arts funding body has announced 26 projects which could benefit from the funding pot, its first capital investment for nine years, focusing on refurbishing and extending existing buildings.

They have to present more detailed plans to get through the next stage. The Southbank Centre would receive the largest award, for refurbishment of the Queen Elizabeth Hall, Purcell Room and Hayward Gallery.

Other projects which have cleared the first stage include an annex to The Sage arts centre in Gateshead costing £10 million and Chichester’s Festival Theatre, which would get £12 million.

The ACE was criticised this week, after research by theatre industry newspaper The Stage revealed that one in ten companies that are losing 100% of their core funding from Arts Council England this week are closing as a result.
http://www.telegraph.co.uk/culture/c...ts-budget.html
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Old March 31st, 2012, 02:22 PM   #3444
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Kings Cross Station

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Old March 31st, 2012, 03:52 PM   #3445
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Old March 31st, 2012, 08:51 PM   #3446
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Thames cable car: Work to put up cabling



The cabling for a new Thames cable car river crossing is being put in place this weekend.


The Emirates Air Line will create a direct link between the 02 Arena in Greenwich and the ExCel exhibition centre, in east London.

The total cost of the scheme, to be completed this summer, is £60m, £36m of which is coming from the Emirates sponsorship.

The three towers for the cable car have already been put in place.

The cable car will run between two new stations, set to be named Emirates Greenwich Peninsula and Emirates Royal Docks.

Initially, Transport for London (TfL) estimated the cost for the project would be £25m and said it would use only private finance to pay for it.

But in October TfL pushed its forecast up to about £60m. The £24m shortfall will be covered by third party funding and fare revenue.

The service will be able to carry up to 2,500 people per hour in each direction at peak times.

It is anticipated that it will carry two million passengers a year.
http://www.bbc.co.uk/news/uk-england-london-17572998
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Old March 31st, 2012, 08:53 PM   #3447
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A third of London project estimated to be bought by Asians



The strategically located but industrial area of Nine Elms in London is being rejuvenated with the move of the US embassy there and the attendant redevelopment planned for it.

Come May 5 and 6, apartments making up part of this highly anticipated redevelopment are being launched not only in London, but concurrently in Hong Kong, Singapore and Malaysia.

Over 30% of developer Ballymore's previous schemes in London, which include Pan Peninsula in Canary Wharf and 21 Wapping Lane in Wapping, have been sold to Asian investors as part of its "Asian release", estimates Ballymore's international sales manager John Morley. "For a scheme like Embassy Gardens in Nine Elms, however, which has so much interest in the UK, we wouldn't expect much more than 30%."

"We have a very strong Malaysian following with all our developments," adds Morley. "Malaysians rank number three in terms of volume behind Hong Kong and Singapore with maybe 25% to 30% of Asian transactions, though there are also buyers from China and Thailand."

Embassy Gardens will offer 420 sq ft suites from £349,000 (about £830 per sq ft), one-bedroom units from £449,000 and 2-bedroom units from £559,000. The average price per sq ft throughout this first phase hovers at around £1,000 per sq ft.

Afraid of house prices dropping though, what with the Bank of England's quantitative easing exercises? Houses all over the UK have seen real prices dropping last year after adjusting for inflation (retail price index averaged at 5.2%), states the Rightmove house price index. Houses in London's absolute prices have increased by 6.1%, however, resulting in small real price increases.

"When the Euro crisis started, a lot of Euro money went into London, and when the Arab Spring started, a lot of the Arab money went into London," offers Lim Eng Chong, president of Henry Butcher Malaysia Sdn Bhd, marketing Embassy Gardens here. Currency play has also been a huge factor in international investments into London, adds Morley.

"Even billions of your own money is being invested in London now," continues Lim, referring to Permodalan Nasional Bhd (PNB)'s purchase of two central London office buildings for RM2.6 billion. Just next to Embassy Gardens meanwhile, Malaysian developer SP Setia Bhd has bid up to £324mil for the Battersea Power Station regeneration site.

According to Knight Frank's Autumn 2011 London Hotspots report, employment in London is expected to rise steadily with employment growth in the financial sector expected to increase by 17% over the next four years. It estimates that 374,111 households will have been created or moved into the capital by 2020.

Embassy Gardens is in particular looking to US embassy staff as target buyers and occupants. "The embassy is talking to us about buying a number of units, from 50 to a hundred maybe. It will be the largest embassy in the world so there will be a lot of diplomats and employees wanting accommodation." This campus-style embassy is set to open in 2017.

If the Northern Line Tube extension is built (two stations proposed at Nine Elms and Battersea) furthermore, Knight Frank postulates that prices may in fact rise as much as 140%. The real estate consultancy places current value in this area at £750 per sq ft, and the 2016 forecast at £1,800 per sq ft if all goes well.

Transport for London, which manages London's Tube, is currently exploring financing for this extension while conducting residents' consultations.
http://www.thesundaily.my/news/329741
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Old March 31st, 2012, 09:23 PM   #3448
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Kings Cross is actually stunning.
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Old April 1st, 2012, 12:48 AM   #3449
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Seager Distillery Tower

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Old April 1st, 2012, 03:08 AM   #3450
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£500m ($800m) Wembley City Development

Wembley City has a long history and a bright future. Work is currently focused on the 2 million sq ft ‘Western Core’, which will be complete in September 2013.

Already in place are the first 500 homes, ranging from studio apartments through to three bedroom duplexes with stunning roof terraces overlooking the Stadium.

Work is well underway on the 660-bedroom student accommodation building and 361-bedroom 4* Hilton Hotel, which will feature a Sky Bar on the top two floors with views across Wembley and Arena Square. This brand new, state of the art hotel will be up and running in time for the London Olympics in 2012 and the student accommodation building will open in time for the 2012/13 academic year.

Late in 2011, construction of the only designer shopping outlet within the M25 will begin. This 350,000 sq ft retail and leisure hub will open in September 2013 and is located next to the new hotel and homes. It will offer high quality restaurants, bars and a nine screen cinema alongside superb designer and high street brand names at exceptional prices. You can find out more about the LDO here: www.london-designer-outlet.co.uk
http://www.london-designer-outlet.com/gallery/pictures/
















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Old April 1st, 2012, 03:23 AM   #3451
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Wembley City U/C

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_AJE7109 by PressVault.com, on Flickr

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_AJE7108 by PressVault.com, on Flickr

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_EIO6013 by PressVault.com, on Flickr

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_AJE7105 by PressVault.com, on Flickr

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_EIO5995 by PressVault.com, on Flickr

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_AJE7080 by PressVault.com, on Flickr


Bonus Pics

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Wembley At Night by Illuminating Concepts, on Flickr

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Wembley during National Anthems by alexknip, on Flickr

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Wembley by milos.kravcik, on Flickr
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Old April 1st, 2012, 04:27 AM   #3452
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Property developer Land Securities has passed on a major London development project to a Dubai group.



Land Securities has exchanged contracts to sell its 3.3 acre Arundel Great Court, WC2 site for £234m to Waterway PCP Properties Ltd, a Dubai-based private equity group.

The site has had planning consent since 2009 for a mixed use development, including 147 private apartments, a five star hotel overlooking the Thames and a 398,000 sq ft office building designed by Wilkinson Eyre on the south side of the Strand.

Robert Noel, Managing Director of Land Securities' London Portfolio, said: "We have always been clear we would not take forward every opportunity in our development pipeline. With a good range of other schemes in construction and planned in London, particularly in the West End, we have to make choices on the right allocation of resources and capital. With all the occupational leases aligned to expire by September this year, the decision whether to start the redevelopment of Arundel Great Court is approaching and with better opportunities elsewhere in the portfolio we have decided to release value from the site."
http://www.theconstructionindex.co.u...-strand-scheme
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Old April 1st, 2012, 04:31 AM   #3453
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Crown Estate unveils new £400m ($640m) development to transform Haymarket

A new central London public square with shops and restaurants is to be created next to Haymarket.

It is part of a £400 million development revealed today by the Crown Estate. The organisation aims to pedestrianise a busy taxi “rat run”.

Its move will transform Norris Street, Carlton Street, St James’s Market and St Albans Street — including the

Captains Cabin pub — and create a 20,000 sq ft area. Make Architects have been hired to design more than 300,000 sq ft of new offices, restaurants, shops and expensive homes.

James Cooksey, head of the Estate’s

St James’s portfolio, said: “We are long-term stewards of the area and have been working on the plans to create a new place for London for a long time.”

A public consultation started this week and a planning application will be submitted by summer. The Crown Estate hopes to start on-site work by autumn next year and complete by 2016.

The redevelopment is part of a 10-year plan for St James’s to repeat the success the Estate has had in Regent Street, where it has brought in major names such as Apple. It aims to double the amount of top-end residential properties and create a retail centre in keeping with St James’s history and heritage.

The first block — known as St James’s Gateway between Jermyn Street and Piccadilly — is under way and the next stage, called St James’s Market, is intended to reunite sections of St James’s separated since Regent Street was built in the 1800s.

The Crown Estate has a £500 million investment programme for the 10-year St James’s project. It has spent close to £200 million buying leases to gain control of the area where it owns a £1 billion portfolio comprising nearly half of the buildings. The programme is funded through sales of other non-core properties or investment from partners.

The Crown Estate is one of the UK’s biggest land owners and pays all surplus revenue to the Treasury. Though not owned directly by the Queen it funds her official duties by paying her a sovereign grant each year.

This week it sold Fleet Place House near Holborn Viaduct for about £57 million and will reinvest the proceeds into the St James’s project.
http://www.thisislondon.co.uk/news/l...t-7575244.html
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Old April 1st, 2012, 04:36 AM   #3454
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'Harry Potter' Studio Tour Opens
11:33 AM PDT 3/31/2012



"The Making of Harry Potter" is a behind-the-scenes attraction based at Leavesden Studios.

















A behind-the-scenes tour, The Making of Harry Potter, has opened to the public just outside of London, the Los Angeles Times reports. Sets from the movies, including the Great Hall, a 50-foot-long model of Hogwarts Castle and Dumbledore's office are included in the tour.

Based at Leavesden Studios where all eight Harry Potter films were shot, the three-hour self-guided tour allows visitors to also view props and costumes used in the films, as well as special effects exhibits and models.

Rupert Grint, Tom Felton and Bonnie Wright were among the Harry Potter actors to attend the grand opening, the Press Association reports.

"There are so many memories from in there and to share them with everyone is great. There are so many highlights but the model of the castle is out of this world," Grint said.

Thinkwell Group, based in Burbank, designed and produced the tour. The company created attractions for PortAventura, Monkey Kingdom and Universal Studios Florida.

This isn't the first Harry Potter-themed attraction to open. In 2010, Wizarding World of Harry Potter opened at Universal Studios Florida and another will open in Universal Studios Hollywood.
http://www.hollywoodreporter.com/new...studios-306559
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Old April 1st, 2012, 04:49 AM   #3455
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I'm really hopeful on the Wembley City development.
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Old April 1st, 2012, 05:02 AM   #3456
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I'm really hopeful on the Wembley City development.
yeah obviously this "wembley city" project is pretty massive and i think it will become another mini modern city like "stratford city" being constructed in east london. if you look at all the entire construction projects happening all over london, it's quite incredible. most parts of london are now being dominated by the mess amount of cranes which is absolutely crazy and then you have got that $1 billion american embassy project as well and that will become the most expensive embassy on earth.
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Old April 1st, 2012, 10:30 AM   #3457
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London real estate development expands

London’s Nine Elms is seeing a new wave of progress with attendant redevelopment being planned and the US embassy moving in.

The Sun Daily reported that on May 5 and 6, the redevelopment apartments are launching not only in London but also Hong Kong, Singapore and Malaysia.

Developer Ballymore’s schemes have been sold to Asian investors as part of its “Asian release.” This accounts for over 30 per cent and includes places such as 21 Wapping Lane.

“We have a very strong Malaysian following with all our developments,” said Ballymore’s international sales manager John Morley. “Malaysians rank number three in terms of volume behind Hong Kong and Singapore with maybe 25% to 30% of Asian transactions, though there are also buyers from China and Thailand.”

However, houses throughout the UK have seen prices dropping due to inflation adjustment and London houses have increased by 6.1 per cent resulting in small real price increase.

“When the Euro crisis started, a lot of Euro money went into London, and when the Arab Spring started, a lot of the Arab money went into London,” said Lim Eng Chong, president of Henry Butcher Malaysia Sdn Bhd, marketing Embassy Gardens here.

“Even billions of your own money is being invested in London now,” continues Lim, referring to Permodalan Nasional Bhd (PNB)’s purchase of two central London office buildings for RM2.6 billion. Just next to Embassy Gardens meanwhile, Malaysian developer SP Setia Bhd has bid up to £324 million (US$429 million) for the Battersea Power Station regeneration site.

According to Knight Frank’s Autumn 2011 London Hotspots report, employment in London is expected to rise steadily with growth in the financial sector expected to increase by 17% over the next four years. It estimates that 374,111 households will have been created or moved into the capital by 2020.

Embassy Gardens is targeting US embassy staff as buyers and occupants. “The embassy is talking to us about buying a number of units, from 50 to a hundred maybe. It will be the largest embassy in the world so there will be a lot of diplomats and employees wanting accommodation.” If built, the Northern Line Tube extension Knight Frank believes that prices may rise as much as 140%.
http://www.property-report.com/londo...-expands-20035
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Old April 1st, 2012, 04:55 PM   #3458
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St Modwen and Vinci lead $2bn redevelopment

St Modwen, the land developer and French group Vinci have been selected to lead the £2bn redevelopment of London’s New Covent Garden Market. The companies will build nearly 3,000 new houses around the prospective US embassy in south London.

St Modwen and Vinci beat a rival bid from French industrial conglomerate Bouygues and Carlyle, the private equity group. They plan to begin developing a new 500,000 sq ft fresh produce market to house around 200 businesses next year. New Covent Garden is already home to the largest market in the UK for fruit, vegetables, flowers and plants after moving from the original site in central London more than 35 years ago.

The development is part of the area’s wider Nine Elms regeneration project. About 20 acres of land will be used for 2,800 new units as part of one of London’s largest residential developments. These will surround the site of the future US embassy, which is scheduled to relocate there from Mayfair in central London in 2017.

The quality of the joint bid was “very high and technically very strong”, said Jan Lloyd, chief executive of Covent Garden Market Authority. “With Vinci St Modwen confirmed as the preferred private development partner, the potential of this hugely important site will now be able to be unlocked,” she said. The Nine Elms area is also home to Battersea power station, the derelict London landmark.

“This is a complicated scheme about the redevelopment of a public asset and payment made in land released,” said Bill Oliver, St Modwen’s chief executive. However, the company declined to detail the revenues and costs associated with the scheme.

St Modwen owns a property portfolio of around £1.1bn, around a third of which is in the capital, including the Elephant and Castle shopping centre in south London.

Mr Oliver expects the new properties on the 57-acre site, the majority of which will be in high-rise blocks, will attract interest from foreign buyers.
“There is a huge demand for London at the moment,” he said.

Barratt Developments, the UK housebuilder, withdrew from the tender process last year.

The development proposed by Vinci and St Modwen is subject to planning consent.

Shares in St Modwen rose 5.87 per cent to 171.25p at close of trading in London. Shares in Vinci rose 0.30 per cent to €39.55.
http://www.ft.com/cms/s/0/83f96170-7...#axzz1qkQIVGFo
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Old April 1st, 2012, 05:24 PM   #3459
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Renders?
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Old April 1st, 2012, 05:30 PM   #3460
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