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Old February 8th, 2013, 03:22 AM   #5561
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"The World's Financial Capital"

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Old February 8th, 2013, 05:11 AM   #5562
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London real estate anticipates US tech expansion into Europe

In recent decades, the King’s Cross neighborhood in central London was known as one of the city’s sketchiest areas: full of prostitutes, drug dealers, and other seedy elements. These days, the former railyard site—just steps from one of London’s major local, national, and international transit hubs—is rapidly being transformed into a major mixed-use commercial, residential, and academic zone.

At the moment, King’s Cross is part arts university, part construction site, part modern flats, and a handful of street food vendors—gourmet ham sandwiches and high-end coffee—lining the single exposed footpath. But just a few weeks ago, Google dropped over $1 billion to purchase 2.4 acres of land and develop a million square feet at office space at King’s Cross Central.

"[10 years ago], you would not leave a dog tied to a lamppost [in King’s Cross],” said Richard Howard, the senior director at DTZ, whose firm worked on brokering a deal with Google. (Last year, Condé Nast Traveller proclaimed it as London’s “hottest neighbourhood.”)

He says he’s been very busy since the Google deal closed. "The phone's been ringing for awhile now,” he added.

Would a Silicon Roundabout by any other name smell as sweet?

Once Google’s site is completed in 2016, the million-square-foot office will house several thousand employees and will be twice as big (as measured by workspace square footage) than Google’s home headquarters in Mountain View, California, known as the Googleplex. According to the search giant, the land deal makes it “one of the biggest ever commercial acquisitions in the UK.”

London has been a major financial hub for centuries, and its last major commercial development was propagated by international banks at the eastern edge of the city, in a former docklands area known as Canary Wharf. That collection of high-rise office complexes has about as much personality as a San Francisco skyscraper—with HSBC ATMs and a Starbucks in the lobby. While that might work for Goldman Sachs, developers say that doesn’t work for the likes of wannabe Googles, ideally replete with bike parking, child care, organic lunches, and the like. In short, like tech hipsters everywhere, startups want to put fun into function.

"[A built-in] Whole Foods is the dream for all these guys,” Hannah Fearnley, a national director at commercial real estate firm Jones Lang LaSalle, told Ars. The high-end American grocery chain opened its first European store in London in 2007, with its second store opening its doors in 2012.

Fearnley's firm is actively beginning work on renovating a large L-shaped building (207-211 Old St.) with 500,000 square feet of office space right on “Silicon Roundabout,” as the Old St. roundabout is becoming known. This high-rise tower is adjacent to public housing, but immediately adjacent to a popular café, the Shoreditch Grind, which feels similar to any buzzing, tech-friendly Wi-Fi café in any city in the world.

http://arstechnica.com/business/2013...n-into-europe/

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Old February 8th, 2013, 03:00 PM   #5563
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Quote:
Originally Posted by SO143 View Post
"The World's Financial Capital"

image hosted on flickr

http://www.flickr.com/photos/photobe...n/photostream/
The skyline's looking nice and dense, even without the Pinnacle.
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Old February 8th, 2013, 05:37 PM   #5564
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Luxury brands battle for Bond Street



Ten luxury brands are battling for each shop that comes up on London’s upmarket Bond Street and Sloane Street, as spending among well-heeled tourists from China, Brazil and the Middle East shows no sign of abating.

Property firm Cushman & Wakefield said rents in central Bond Street have jumped from £600 to £800 a square foot in the past year, and can be up to £1,000 in the southern part of the road.

Peter Mace of Cushman & Wakefield, said: “For every one store that becomes available on Bond Street or Sloane Street, we are seeing around 10 international brands fighting for it.”

http://www.standard.co.uk/business/b...t-8486982.html
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Old February 8th, 2013, 06:30 PM   #5565
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Shaftesbury starved of space for eateries



An explosion in international dining is putting restaurant space at a premium in the West End, the landlord behind swathes of Carnaby Street and Chinatown said today.

Shaftesbury chief executive Brian Bickell, who highlighted the advent of overseas cuisine such as Peruvian restaurant Lima in Charlotte Street, said: “London is the foodie capital of the world at the moment. We’ve got people knocking on the door from areas like South-east Asia. Food is fashion these days.” Shaftesbury’s portfolio boasts 240 restaurants and bars but Bickell added Westminster council’s planning policy is set against increasing supply.

“Their view is that they like a balance between shops and restaurants and they think we have enough. It is virtually impossible to get planning permission for a change of use to a restaurant,” he said.

After a “particularly busy” period for lettings and enquiries just £2 million of its space was available to let, of which of which £1.2 million is under offer. It has begun work on two schemes in Carnaby Street to increase office and retail space.

http://www.standard.co.uk/business/b...s-8487096.html
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Old February 8th, 2013, 06:53 PM   #5566
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The area really needs another name than Silicon Roundabout. It's a fine example of British self-deprecation and humour, but as a market brand it does not work; you'll always be the imitator of Silicon Valley. Someone in government or whatever needs to create a good identity.
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Old February 8th, 2013, 07:40 PM   #5567
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Love London
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Old February 8th, 2013, 09:41 PM   #5568
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Unfortunately London's skyline is not actually as posted on the first post of this thread back in 2006:
http://www.skyscrapernews.com/images...yline_pic1.jpg

Would be really interesting to see sth similar with the projects that are completed and under contruction now though!!
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Old February 9th, 2013, 12:55 PM   #5569
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Quote:
Originally Posted by MasterOfHisOwnDomain View Post
The area really needs another name than Silicon Roundabout. It's a fine example of British self-deprecation and humour, but as a market brand it does not work; you'll always be the imitator of Silicon Valley. Someone in government or whatever needs to create a good identity.
I agree it needs a name change, sounds somewhat tacky IMO. Hopefully it will change sooner rather than later.
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Old February 9th, 2013, 03:57 PM   #5570
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Queen’s Crown Estate Seeks U.S. Investors for London Development
By Chris Spillane - Feb 8, 2013 4:39 PM GMT

Britain’s Crown Estate, the property company that generates income for Queen Elizabeth II, is seeking investors from the U.S., Canada and Australia to fund the redevelopment of real estate in London’s West End.

The company wants to revamp two buildings in St. James’s Market into offices and shops, spokesman Mike Norris said by phone. The project will require around 320 million pounds ($507 million) of investment and will create 19,500 square meters (210,000 square feet) of offices and 4,650 square meters of shops, he said.

The Crown Estate last month won permission from the Westminster borough for a 450 million-pound St. James’s development. The 10-year project will comprising 31,600 square meters, about half of which will be offices and shops.
The Financial Times reported the news earlier today.

http://www.bloomberg.com/news/2013-0...velopment.html
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Old February 10th, 2013, 04:51 AM   #5571
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20130202_UK_TheShard_D80_007 by Damien and Marie, on Flickr
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Old February 10th, 2013, 09:12 PM   #5572
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massive :O
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Old February 10th, 2013, 10:37 PM   #5573
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Old February 11th, 2013, 02:32 PM   #5574
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Panel appointed to look at hub airport proposals
Monday, February 11, 2013


The designer of the Aquatics Centre on the Olympic Park, Zaha Hadid, has been appointed to a panel to develop plans for a new hub airport in the south east.

The designer of the Aquatics Centre on the Olympic Park is among a team of experts appointed to develop plans for a new hub airport in the south east.

A shortlist of proposals for the airport, dubbed Boris Island, is expected to be announced in the coming weeks, according to the Mayor of London’s office.

London Mayor Boris Johnson announced the panel ahead of giving oral evidence today to an aviation inquiry convened by the Parliamentary Transport Select Committee, which is expected to ask him why developing a new hub airport is so important to London and to explain why he believes further expansion of Heathrow is impossible.

Mr Johsnon accused the government of dawdling over aviation policy.

He said: “It is absolutely imperative that work to progress a new hub airport in the southeast is completed as soon as possible.

“The government has set a timetable that dawdles when dash should be the order of the day.

“That is why I have assembled a mighty team of experts who I have tasked with delivering a fulsome examination of the most realistic solutions to our aviation crisis in the shortest time possible, which I look forward to sharing with the government.”

Among the experts Mr Johnson has appointed are Zaha Hadid Architects, who will look at airport design and infrastructure alongside Atkins and Pascall & Watson architects.

Zaha Hadid was awarded the Pritzker Architecture Prize in 2004 and designed the London 2012 Aquatics Centre on the Olympic Park, as well as the Guangzhou Opera House in China.

Pascall & Watson’s previous projects include Heathrow Terminal 5 and St Pancras International Station while Atkins, a design, engineering and project management consultancey, has worked on the London 2012 Olympics and the Dubai Metro.

International engineering and management consultancy Ramboll, and Oxford Economics, a world leader in global forecasting and quantitative analysis for business and government, will look at the socio economic impacts of the proposed airport, along with York Aviation, and Professor Peter Tyler who works in urban and regional economics in the Department of Land Economy, University of Cambridge and is a Fellow at St. Catharine’s College.

Ernst and Young will look at the proposed airport’s commercial viability while global law firm Ashurst has been appointed to look at legal and regulatory matters.

http://www.london24.com/news/transpo...sals_1_1928117
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Old February 11th, 2013, 08:48 PM   #5575
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Boris Wants A Million New Homes In London By Using Stamp Duty

Boris Johnson wants to use the money from stamp duty in London to build 1 million new homes over the next 25 years.

The Mayor of London is asking the government to allow London to retain the 3% tax, estimated to be worth £1.3billion a year.

In a speech to the Chartered Institute of Housing and Building, Mr Johnson will say: "Since I was elected London’s population has grown by 600,000 and is forecast to rise by a further million at least over the next 25 years.

"If we do not come up with a new plan to build the homes we need, this great city will suffer and the whole country will feel the consequences.

“What is needed now is a radically different approach which optimises City Hall’s role, unlocks the potential of the capital’s boroughs, allows developers including housing associations to up their game and creates a stable supply of land for housing.

"Above all, London needs a stable funding stream which will support and accelerate its housing and infrastructure delivery."

Deputy Mayor for Housing and Land Richard Blakeway told LBC 97.3 that it's important to build affordable homes.

He said: "There is a huge amount of surplus public land and a huge amound of brownfield sites in London. Indeed, there are 200,000 homes which already have planning consent in the capital, but some of those sites have stalled.

"Housing is essential infrastructure for London's economy to support its population growth and support its economic growth."

Councillor Jonathan Glanz of Westminster City Council said: "The Mayor’s proposals have the potential to halt the polarisation of central London as a place where only the wealthy and needy can find homes.

[...]

http://www.lbc.co.uk/lets-build-a-mi...ys-boris-67002
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Old February 11th, 2013, 09:42 PM   #5576
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British Land banks on Crossrail in £142m Ealing buy

Property giant British Land took a £142.5 million bet on Crossrail today as it snapped up a major shopping centre in west London from its Dutch owner.

The Ealing Broadway Shopping Centre — home to a host of major retailers including Primark, Marks & Spencer, Tesco, River Island and H&M — is the biggest asset in a £183.8 million portfolio of London properties put up for sale last year by fund manager Wereldhave.

The centre — which attracts 15 million visitors a year and is in a wealthy catchment area of around 1.6 million people — has come up against competition recently from Westfield London in Shepherd’s Bush. But when Crossrail is completed in 2018, Ealing will be just 13 minutes from Heathrow, 19 minutes from Liverpool Street and 26 minutes from Canary Wharf.

Jefferies analyst Mike Prew said: “Crossrail is going to completely reshape the residential and commercial demographic in London. East and west London are looking more interesting now.” British Land’s latest investment comes just a month after Ealing Council picked the UK’s biggest property firm Land Securities to build a £100 million “cinema quarter” in the borough.

Wereldhave bought Ealing in November 2011, and is taking a £13 million loss on the sale. The Dutch firm, whose boss resigned last year after a profit warning, is pulling out of UK property.

Ealing’s centre is almost 30 years old and British Land thinks the deal will unlock redevelopment potential and shift its retail portfolio to London and the South-East.

British Land retail head Charles Maudsley said: “We believe there are opportunities to develop the shopping centre as a retail destination both as we improve the retail mix and increase the leisure offer and as the area benefits from residential development and the completion of Crossrail.”

The portfolio also includes five retail and office properties in Baker Street, Chiswick High Road, Putney High Street, Fulham Road and Great Portland Street, bought for £41.3 million.

http://www.standard.co.uk/business/b...y-8490031.html
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Old February 11th, 2013, 09:44 PM   #5577
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The Shard from Brockwell and the growing City cluster by chest

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Old February 11th, 2013, 10:02 PM   #5578
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Walkie Talkie Tower by chest





the construction chest
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Old February 12th, 2013, 12:56 AM   #5579
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Looks amazing!
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Old February 12th, 2013, 02:55 AM   #5580
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Quote:
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The skyline's looking nice and dense, even without the Pinnacle.
imo the city skyline looks incomplete without the pinnacle
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