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Old March 23rd, 2013, 01:21 AM   #5801
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London Tech City: an emerging entrepreneurial ecosystem

Several visits to Britain to meet a wide range of entrepreneurs, investors and policy makers interested in London’s entrepreneurial ecosystem have confirmed that London is a serious place for global entrepreneurs. When entrepreneurs and their teams now consider where to locate their start-up businesses to maximize their chances of success, they should think about London - alongside Silicon Valley/San Francisco, New York and (of course) Boston.

Background: London entrepreneurship
London’s ‘Tech City’ quarter is in the city’s east, stretching from the Old Street ‘silicon roundabout’, through Shoreditch and Hackney, to the Olympic Park. It is embedded in London’s wider ecosystem, alongside the traditional City of London banking district and Canary Wharf (a finance power house but now home to finance start-ups), Soho (the traditional hub of the global music industry) or Bloomsbury (for advertising and creative media).

Just a few statistics emphasize the growing importance of London in the tech entrepreneurial scene and indeed on the world stage:

1. London’s ‘Tech City’ is now home to over 1300 entrepreneurial companies

2. Almost 100 London-based technology companies received venture capital investments in 2012

3. London’s share of 2012 venture capital amounts to 60% of the British total of GBP 1.01Billion (of which Internet/wireless services is the largest sector)

4. Global Entrepreneurship Monitor (GEM) data shows that British residents are well above the European average in the high status they attribute to successful entrepreneurs (while their fear of failure in entrepreneurship was well below the average)

Taken From:
http://www.boston.com/business/blogs..._tech_cit.html
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Old March 23rd, 2013, 01:35 AM   #5802
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Skype opens new London office

Skype has officially opened its new UK office in the Chancery Lane area of London - with executives calling the capital one of the worlds hottest technology centres.

The office was opened by The Hon. Ed Vaizey, parliamentary under secretary for Culture, Communications and Creative Industries, who proceeded to unveil a London-themed plaque and wax lyrical about the captial's attraction to international businesses.

"I don’t think there are many cities that can compete with London for having such a wealth of knowledge and passion for the technology industry, and for a company like Skype to recognise and nurture this home-grown talent is very encouraging and inspiring to see," he said.



Taken From:
http://www.t3.com/news/skype-opens-new-london-office
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Old March 23rd, 2013, 01:56 AM   #5803
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Songbird diversifies into residential

The developer of Canary Wharf and one of London’s largest office owners is planning to build many more residential units, highlighting the growing attraction of the UK capital’s housing market.

Songbird Estates, which owns 69 per cent of Canary Wharf Group, said on Friday that it could foresee as much as a third of its new developments being residential, rather than commercial property.

Taken From:
http://www.ft.com/cms/s/0/b7b41ac4-9...#axzz2OJPdcaZP
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Old March 23rd, 2013, 02:49 AM   #5804
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Bam Construct to build Google’s London HQ

Google’s new £1bn European headquarters in King’s Cross, London, will be built by the Dutch company Bam Construct, which has fought off rival bids from Carillion, Skanska and Balfour Beatty.

The various buildings, which range from seven to eleven storeys in height, have been designed by the architects Allford Hall Monaghan Morris for the developer Argent. Construction is expected to start this year with work due to be finished in 2016.



Taken From:
http://www.ft.com/cms/s/0/c5f92004-8...#axzz2OJcF3cw8
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Old March 23rd, 2013, 11:09 AM   #5805
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Quote:
Originally Posted by phoenixboi08 View Post
I think most of that money is coming from Europe (Russia) more so than Asia, right?

*[nevermind] pg. 23
No, I cannot find the article but about 60% of money coming from Asia, namely Hong Kong, China and Singapore. Money from Russia and Ukraine is probably less than 5%. Even German money has bigger percentage.

Oh, I see you you found it My figures are almost right.

Last edited by Quicksilver; March 23rd, 2013 at 11:21 AM.
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Old March 23rd, 2013, 02:55 PM   #5806
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The foreign money flow into residential property is coming mainly from the Far-East for the past 2-3 years. I don't have aggregate numbers, but since they are pretty new comers, they still represent a smaller portion of the foreign residential property owners such as the Russians, French & Italians.

In terms of commercial property, the foreign money flow in the last 2-3 years is also coming mainly from the Far-East, but in overall terms at least in the City, they represent a much smaller portion of total owners. The number peaked at the beginning of the 1990s with the Japanese buying spree, but since the % has dwindled.

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Old March 23rd, 2013, 03:43 PM   #5807
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Originally Posted by bbcwallander View Post
Populous’ Olympic stadium is set to become the new home of West Ham football club.

West Ham will contribute £15 million to the transformation of the stadium - five times the amount originally mooted, Newham council will invest £40 million and the government has agreed to provide up to £25 million should it be required once construction tenders are returned.

Populous will oversee the conversion of the 54,000 seat venue and works will include a new roof, corporate areas, toilets, concessions and retractable seating.



Taken from

http://www.bdonline.co.uk/news/west-...052312.article
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Old March 23rd, 2013, 04:03 PM   #5808
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Ontario Point

Nestled by the River Thames and leafy Greenwich and just minutes from Stratford, Ontario Point is the crowning peak of the hugely successful Maple Quays development just one stop from Canary Wharf. This shimmering tower will rise to 24 storeys and offer stunning views across the London skyline from the private communal roof terrace on the 25th floor.

http://www.barratthomes.co.uk/new-ho...Ontario-Point/

image hosted on flickr


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Old March 23rd, 2013, 05:17 PM   #5809
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By Gary Kinsman

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http://www.flickr.com/photos/gazkinz...n/photostream/
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Old March 23rd, 2013, 05:19 PM   #5810
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Name The New Streets Of King’s Cross

The old railway lands north of King’s Cross are currently one of the biggest building sites in Europe. Lift cores are rising from the dirt and cranes dominate the skyline, as the 64-acre site is transformed into a new business, retail and residential district. All these new buildings need new roads, and new roads need new names.

King’s Cross Central Limited Partnership today launched a competition asking the public to provide suggestions for up to 10 new street names. This is your chance to make a permanent mark on the capital. By way of guidance, the promoters list recently coined streets such as King’s Boulevard and Handyside Street:

So far, the street names chosen have had a clear link to King’s Cross, whether past, present or future, for example they relate to notable people, activities or events associated with the area. KCCLP believes that has worked well, but consideration will now be given to all sensible suggestions that are consistent with Camden Council’s guidelines on the naming of streets and those considered the most appropriate will form a shortlist.

The map above shows the streets in question, all to be created in the northern part of the development. To register your suggestions, read the information here and simply fill in the form by the end of May.



Taken From:
http://londonist.com/2013/03/name-th...ings-cross.php
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Old March 23rd, 2013, 05:24 PM   #5811
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London Mulls Bid For 2022 Commonwealth Games

A decade after London 2012, the capital may once again host a major sporting event if a mooted bid for the 2022 Commonwealth Games proves successful.

Neale Coleman, who is the Mayor’s advisor on the Olympics legacy, says that a bid is in the very early stages, and is subject to the mayoral imprimatur. Mr. Coleman also notes that London “wouldn’t go into it unless we believe we could win it” — a lesson that England’s disastrous 2018 World Cup bid could have heeded.

A second Games centred around the Stratford park would probably be less controversial than London 2012, which was criticised as a colossally expensive disaster right up until Danny Boyle’s opening ceremony began — at which point everybody (including your correspondent) dropped the cynicism, screamed “I’m a Believer!” and embarked upon a month-long feelgood marathon. With much of the infrastructure already in place, the Commonwealth Games wouldn’t tug quite so onerously on the purse strings, and while much of the feted class of 2012 may have long retired, it would give a new generation the chance to prove themselves in front of a friendly home crowd.

London has held the Commonwealth Games once, in 1934 (when it was still known as the British Empire Games) while Manchester played host in 2002 and Glasgow will do the honours in 2014. Even if London’s bid comes to nothing, we’ve still got the World Athletics Championships in 2017 to look forward to.



Taken From:
http://londonist.com/2013/03/london-...alth-games.php
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Old March 23rd, 2013, 05:34 PM   #5812
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Mace wins £400m Victoria Circle job in London

Land Securities has selected Mace to deliver a £400m office, retail and residential scheme next to Victoria Station in London.

According to construction information specialist Glenigan the firm has moved from construction adviser on the vast Victoria Circle project to main contractor.

Work could get underway on the first of the six-building project as early as June this year.

Demolition work started in October 2012 on the site in tandem with Transport for London works on the Victoria station upgrade.

The completed scheme will provide 910,000 sq ft mix of retail, residential, office and public amenity space.




Victoria Circle details


Main new buildings


1. 13-storey building containing 170 private residential units with retail at ground and first floor, fronting Buckingham Palace Road (Building 5)

2. 19-storey office building with retail at ground and first floor levels fronting Victoria Street (Building 7a)

3. 14-storey office building with retail at ground and first floor levels fronting Bressenden Place (Building 6b)

4. Modification will be carried out to other buildings on the site.








Taken From:
http://www.constructionenquirer.com/...job-in-london/
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Old March 23rd, 2013, 05:45 PM   #5813
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Quote:
Originally Posted by bbcwallander View Post
London Mulls Bid For 2022 Commonwealth Games

image hosted on flickr


Taken From:
http://londonist.com/2013/03/london-...alth-games.php
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Old March 23rd, 2013, 05:55 PM   #5814
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Hunt starts for £600m Northern Line extension builder

London Underground has started pre-tendering for a contractor or consortium to deliver the £600m Northern Line Extension to Battersea power station.

The extension will consist of new twin bore tunnels of 5.2m internal diameter running for 3.3km with new stations built at Battersea and Nine Elms.

London Underground said it aims to pre-qualify contractors and consortia able to deliver this complex project and bring innovative ideas to the table deliver significant cost, risk, programme savings.

In a OJEU procurement notice, the Tube operator said it would use a negotiated procedure to select the winning bidder. Interested firms have until 15 April to complete the prequals.

The design of the underground project has progressed to RIBA Stage C and the successful firm will be expected to work on the fine-tuning these plans.

A contract is due to be signed on 6 January 2014 with project completion scheduled for the end of 2019.

The proposed Northern Line extension is essential to support the transformation of Vauxhall and Nine Elms which will see up to 16,000 new homes built in the area over the next 20 years



Taken From:
http://www.constructionenquirer.com/...nsion-builder/
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Old March 23rd, 2013, 06:16 PM   #5815
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New Bridge Between Nine Elms And Pimlico

A new pedestrian and cycle bridge linking Pimlico and Nine Elms has been proposed as part of the multi-billion pound redevelopment of the south London site, reports Building Design. An international competition will be launched later in the year. A budget of £30m is anticipated, most of it from private sources.

Should it go ahead, the bridge would be the first in London since the Millennium Bridge wobbled its way into existence in May 2000 (although there are also plans to build another bridge, a little further to the west, between Battersea and Chelsea Harbour). The backers will have a job convincing local residents of its value, though: when plans first surfaced last year it was widely denounced.



Taken From:
http://londonist.com/2013/03/new-bri...nd-pimlico.php
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Old March 23rd, 2013, 11:38 PM   #5816
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London becomes world’s culinary capital

The UK capital has become the city of choice for some of the world’s finest restaurateurs, from Juan Mari Arzak to Keith McNally, to launch their first ventures abroad.

WHILE MANY of us are still feeling the pinch, London is swiftly emerging as the culinary capital of the world, and the city of choice for acclaimed international restaurateurs looking to start their first franchise abroad. In the past six months, three of the world’s most highly regarded restaurateurs from different corners of the globe have announced London ventures. Self-proclaimed “Demon Chef” Alvin Leung opened Bo London in Mayfair in October, while London-born, New York- based restaurateur Keith McNally opened the hotly anticipated all-day brasserie Balthazar London in Covent Garden last month, and this month sees the arrival of father and daughter duo, Juan Mari and Elena Arzak’s London outpost Ametsa at The Halkin hotel in Belgravia.

Already the holder of two Michelin stars at his Bo Innovation flagship in Hong Kong, Brixton-born Leung’s desire to extend his Bo brand to London has been bubbling away for nine years. His dream finally came into fruition last October, when £1 million venture, Bo London, opened its doors on Mill Street in London’s affluent Mayfair district, which is proving bulletproof from the recession. Going against the grain of the casual dining trend currently gripping the capital, Bo London is geared around fine dining, but with a signature Leung twist. Shunning the terms “molecular” and “fusion food”, Leung is a pioneer of “X-treme Chinese Cuisine”. While inspired and informed by centuries-old Chinese recipes, Bo London’s dishes are exciting, exotic and envelope pushing in the extreme.

Meanwhile, Bethnal Green-born father of five Keith McNally’s long-awaited Balthazar London finally opened its doors in the Flower Cellars building in the old Theatre Museum next to Covent Garden Piazza last month. Originally used as a storage space for Covent Garden’s flower sellers in the late 19th century, in keeping with the zeitgeist, Balthazar London offers all-day dining in a relaxed, informal, French brasserie-inspired setting dotted with antique furniture sourced by McNally. The original Balthazar opened in Spring Street in downtown New York in 1997.

As with McNally’s New York flagship, the 150-seater Balthazar London will boast a boulangerie next door offering freshly baked breads, homemade pastries, salads and sandwiches to go. That McNally turned down million-dollar offers to open elsewhere in the States, including at the famous Bellagio hotel in Las Vegas, choosing instead to open his second branch of Balthazar in London, speaks volumes about the elevated position the city has raised itself to on the international culinary map.

Along with Balthazar, also getting us drooling in anticipation are the culinary world’s finest father and daughter duo, Juan Mari and Elena Arzak, with the opening of their first franchise outside of Spain, Ametsa with Arzak Instruction, a sister site to their eponymous, three Michelin-starred San Sebastián original, Arzak. Set to open at The Halkin hotel in Belgravia on 8 March, Ametsa, which means “dream” in Basque, will replace former Michelin-starred Thai restaurant Nahm, the first Thai restaurant outside of Thailand to gain a Michelin star, which opened at The Halkin in 2000.

Juan Mari is blunt about his reason for opening Arzak’s first foreign venture in London: “To capitalise on our brand and make more money,” he says. Elena, meanwhile, takes a more romantic view. “I’m very fond of London. I had my first professional training at Le Gavroche in 1989 and have been back as a tourist more times than I can count. I love how cosmopolitan the city is and yet how it preserves clearly defined brushstrokes of Englishness. I love the mix of ancient and modern,” she enthuses. A major reason why the pair chose London was the city’s openness to cuisines from all over the world.

Taken From:
http://www.thedrinksbusiness.com/201...ondon-calling/
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Old March 23rd, 2013, 11:41 PM   #5817
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London is capital for world transport funds

London is the top financing centre for the global transport industry, according to a survey published today.

However, it faces stiff competition from New York and capitals in Asia Pacific as companies seek to tap more funding sources.

Almost four out of 10 key executives from the aviation, rail and shipping sectors ranked London as the key financial centre for transport, followed by New York at 14% and Singapore at 7%, the survey by international law firm Norton Rose found.

“London and New York remain key financial centres for the transport industry but are looking over their shoulders at Asia, which is growing in importance,” said Harry Theochari, global head of transport at Norton Rose.

Of those canvassed, 43% from the rail industry said London was most favoured as a financing hub, followed by 40% in the shipping sector and 31% in aviation.

The annual survey is one of the transport sector’s leading barometers of market conditions.

The survey said shipping companies were looking at alternatives due to tough trading conditions.

“A dramatic reduction in the availability of debt finance in the London market means that shipping is increasingly turning to structured finance and private equity,” Theochari said. “This gives New York a distinct advantage.”

Taken From:
http://www.standard.co.uk/business/b...s-8535977.html
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Old March 23rd, 2013, 11:44 PM   #5818
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London: Luxury homes capital of the world

London is the luxury homes capital of the world, and the global prime property market is more similar to the fine art market than to the mainstream property market, according to a new report from Christies International. Limited inventory, strong international buyer demand, and high-net-worth individual’s “increased appreciation for world-class lifestyle offerings” have pushed prices for luxury homes to “historic highs,” with London once again leading the field.

Christies’ report (Luxury Defined: An Insight into the Luxury Residential Property Market) compares 10 of the world’s top property markets— London, New York, Hong Kong, Paris, San Francisco, Cote d’Azur, Toronto, Dallas, Los Angeles, and Miami — and debuts the “Christie’s International Real Estate Index,” which promises to be “the first ever true global indicator for luxury residential real estate.” The Index ranks markets across “key metrics including record sales price, prices per square foot, percentage of non-local and international purchasers, and the number of luxury listings relative to population.”











Taken From:
http://www.primeresi.com/london-luxu...e-world/11961/
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Old March 23rd, 2013, 11:48 PM   #5819
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London plots course to protect its global status

London’s status as a world city is unchallenged. In the ascendant for more than a decade, it is the powerhouse of the UK economy, with a financial services industry that retained its global status even in the wake of the financial crisis. The world’s wealthy and upwardly mobile have beaten a path to the city, attracted by its high quality of life, job opportunities, culture and an ineffable sense of buzz. London is the place to be.

But this golden period, crowned by last year’s Olympic Games, cannot be taken for granted. The City of London’s supremacy in Europe is under pressure from Brussels, while overseas competitors are sharpening their offerings to take advantage of Asia’s booming economies. London’s commercial and political leaders are becoming more vocal in defence of its status.

Boris Johnson, mayor of London, says: “Even in Paris, even in Berlin, they understand that what Europe needs is a global financial centre that can go toe to toe with New York, raise capital and compete with the best of the world. They have that centre in the EU here in London.”

Taken From:
http://www.ft.com/cms/s/0/3bd41d02-8...#axzz2OJcF3cw8
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Old March 23rd, 2013, 11:58 PM   #5820
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Pointless post in the 'Avemano' style for no other reason than to annoy him and make him find another pointless reason to post garbage in the Paris thread.
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