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Old October 30th, 2013, 07:18 PM   #8281
El_Greco
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You think that's attractive?
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Old October 30th, 2013, 08:29 PM   #8282
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Quote:
Originally Posted by Birmingham View Post
Maybe you just expect to much.
Maybe you expect far too little?
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Old October 30th, 2013, 10:32 PM   #8283
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40 Leadenhall Street | City of London EC3

London forum thread: http://www.skyscrapercity.com/showthread.php?t=1660252


Plans for 40 Leadenhall Street have now been submitted for approval:
Make submits 34-storey City tower plans


Project facts
  • Height: 154m
  • Floors: 34
  • Architects: Make
  • Developer: Henderson Global Investors

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Old October 30th, 2013, 11:21 PM   #8284
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London Boasts World's Most Expensive Office Area
World Property Channel
30 October 2013
Quote:
The world's most expensive office space neighbrohood is St. James, London, home to several of the world's richest hedge funds and sovereign wealth funds.

With the average cost of $194 per square meter per year, St. James, tops a list of the world's top 12 most expensive locations in the world, beating areas in Hong Kong and Beijing, according to a report from Jones Lang LaSalle.

The locations topping the list are benefitting from a scarcity of available space and strong demand from the growth in niche financial and technology sectors driving office prices higher across the globe, JLL reports.

The firm expects the same mix of locations to top the list in the short term, sector-specific markets like Silicon Valley in California are climbing the rankings. Tech-driven Menlo Park in Silicon Valley currently ranks fifth on the list.

"With premium rents in the central business districts of a number of U.S. cities now increasing, we can expect to see additional U.S. markets ranking among the most expensive over the next 24 months," JLL director of research Jeremy Kelly said in the report.

As some markets climb the list, changes in global market dynamics can adversely affect other office areas, JLL said.

"Tokyo was the most expensive market for office space in the world for many years," Kelly said, "but it was hit hard by the global financial crisis and has been surpassed by other Asian power cities."

Quote:
1. St James's, LONDON: GBP 125 per sq. ft. per year (USD $194 per sq. ft. per year)
With a wealth of high-end financial institutions, St James's personifies the West End's unparalleled accessibility, luxury amenities and proximity to clients.

2. Central, HONG KONG: HKD 105 per sq. ft. per month (USD $162 per sq. ft. per year)
Complemented by first class hotels, luxury retail, excellent transport links and interconnecting walkways, Central is the location of choice for the city's banking and finance community.

3. Finance Street, BEIJING: RMB 750 per square meter per month (USD $137 per sq. ft. per year)
A Beijing submarket planned specifically for highest-tier financial institutions and major state-owned enterprises, Finance Street also attracts global investment banks and insurance companies.

4. Rue du Rhône, GENEVA: CHF 1,150 per square meter per year (USD $116 per sq. ft. per year)
Rue du Rhône is Geneva's prime location for private wealth management, banking and luxury retail brands.

5. Menlo Park, SILICON VALLEY, CALIFORNIA (USD $111 per sq. ft. per year)
The epicenter of the technology universe, Sand Hill Road in Menlo Park is home to many venture capitalists.

6. Kremlin Area, MOSCOW: USD 1,150 per square meter per year (USD $107 per sq. ft. per year)
Office space in Moscow's Kremlin area is popular with Russian and international finance and legal tenants. New construction is tightly restricted, and that has helped further boost the value of office space in the area.

7. Fifth Avenue, MIDTOWN MANHATTAN, NEW YORK: USD $104 per sq. ft. per year
Consistently ranked among the most expensive shopping streets in the world, Fifth Avenue is also home to numerous hedge funds looking for top-quality space in Midtown.

8. Raffles Place/Marina Bay, SINGAPORE: SGD 11 per sq. ft. per month (USD $103 per sq. ft. per year)
The heart of Singapore's financial district is served by a world-class subway system and is a vibrant environment for work, living and play.

9. Golden Triangle, Champs Elysées area, PARIS: EUR 800 per square meter per year (USD $99 per sq. ft. per year)
The center of Paris's tourism and retailing is also an office hub for high-value-add businesses including international law firms and banks, and corporate tenants seeking accessible, high-quality buildings in close proximity to clients.

10. Marunouchi, TOKYO: JPY 28,600 per tsubo per month (USD $98 per sq. ft. per year)
Marunouchi, located on the west side of Tokyo Station, is a long-established office precinct where the lower floors of buildings typically house luxury retail, and higher floors are office space.

Example property: HSBC Private Bank's London office in St. James's

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Old October 30th, 2013, 11:23 PM   #8285
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I can't wait to see 40LS built. The stainless steel(?) facade will look great!
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Old October 30th, 2013, 11:26 PM   #8286
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You'll be informed here first if it is approved.
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Old October 30th, 2013, 11:52 PM   #8287
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London's financial and commercial property sectors received a major boost today, with the news that the WFE will relocate its headquarters to London:


Reuters article:

World Federation of Exchanges moving HQ to London from Paris
Reuters
30 October 2013


Quote:
The World Federation of Exchanges, the trade association for the operators of regulated financial exchanges, said on Tuesday it will move its headquarters to London from Paris by year-end to help it better engage with the global financial community.

The WFE includes members from 62 exchanges, and delegates of the organization approved the relocation to London at a meeting in Mexico City.

"London is a world class financial centre," Andreas Preuss, Chairman of the WFE Board of Directors, told the group's members at the opening of the meeting.

He said the move would bring the WFE closer to many of its important customers and stake holders, including institutional investors and brokers.

London would also give the WFE better access to the major financial media, and many WFE members already have offices and/or operations in London, said Preuss, who is also deputy CEO of Deutsche Boerse AG.

Chairmen and chief executives from more than 50 of the world's leading equities, options and futures exchanges gathered for the WFE meeting, which ends on Wednesday.

Financial Times article:

WFE to switch headquarters to London
Financial Times
30 October 2013
Quote:
The World Federation of Exchanges is to relocate its main headquarters from Paris to London in an attempt to strengthen its relationships with its main users, investment banks and institutional investors.

The decision to move from its base in the French capital for the past 52 years was approved by the global trade association’s members at its annual meeting in Mexico City on Tuesday. It also further increased its membership to 62 regulated exchanges with the inclusion of five new bourses.

The move, expected to be completed before the end of the year, is the highest-profile act by the WFE in its push to transform itself to a more active association focused on lobbying regulators globally for the interests of exchanges.

In the past decade its traditional business of serving as a platform for raising equity capital has come under sustained attack, partly from users, and it has had to address new issues such as equity market fragmentation, “dark pools” and high-frequency trading.

“London is a world-class financial city. Relocation brings us closer to our customers, both on the sell side and buy side. Many WFE members have offices in London,” said Andreas Preuss, chairman of the WFE board.

The move comes as a blow to Paris, which has been home to the organisation since the creation of its predecessor, the “Federation Internationale des Bourses de Valeurs”, in 1961.

“Our ultimate goal is to transform WFE into a more outward looking organisation actively engaged with the financial industry,” said Hüseyin Erkan, who was appointed as the first chief executive of the WFE a year ago.

The assembly approved five new members – Dubai Financial Markets, Hochiminh Stock Exchange, Kazakhstan Stock Exchange, New Zealand Stock Exchange and Qatar Exchange.


The WFE don't currently have a representative office in London, consequently the relocation will result in commercial space take-up.
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Old October 31st, 2013, 12:17 AM   #8288
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45 Cannon Street Street | City of London EC4

Plans for 45 Cannon Street have been approved: AOG/Morgan Capital Partners win planning for 90,000 sq ft City scheme

Project facts
  • Office space: 81,200 sq ft
  • Retail space: 8,000 sq ft
  • Construction start: January 2014

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Old October 31st, 2013, 12:53 AM   #8289
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Quote:
Originally Posted by SE9 View Post

London's financial and commercial property sectors received a major boost today, with the news that the WFE will relocate its headquarters to London:

World Federation of Exchanges moving HQ to London from Paris
Reuters
30 October 2013



This news will make the French people on SSC very upset. It's one of the indications which demonstrates that Paris is losing it's strength on the global scale.
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Old October 31st, 2013, 01:40 AM   #8290
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Quadrant 2 South | Regent Street W1

The wholesale retrofit of Quadrant House and 7-9 Air Street has started:

- Property Magazine International: Latest Regent Street regeneration project gets underway

- Building: Crown Estate's £1bn Regent Street regeneration enters new phase



The project is part of a £1 billion ($1.6bn) regeneration of Regent Street. Quadrant House left:

image hosted on flickr

Diamond preparations by st_hart, on Flickr
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Old October 31st, 2013, 02:20 AM   #8291
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Quote:
Originally Posted by Loathing View Post
Maybe you expect far too little?
No. I don't think so I do. I think I'm very realistic. I think Londoners are so spoilt alot not all, think even good quality builds which in many cities across the UK would be proud to have are rubbish. Aesthetically it's not a world beater but it's better then 70% being constructed across Europe. You two seem to be missing the point altogether now though. With regeneration comes better streetscapes. I like the fact aldgate will have high density mid rises and a firmly believe over time it will be a great area. Forward thinking. Imagination. You walk round many of the same type of areas in traditional high rise cities, New York, Toronto, Chicago, Boston they all have these type of areas and I'm pretty sure they didn't just happen over night.
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Old October 31st, 2013, 03:06 AM   #8292
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Quote:
Originally Posted by Birmingham View Post
but it's better then 70% being constructed across Europe.
I'm curious, how did you come up with that number? I'm usually very impressed with what they are building on the continent.
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Last edited by El_Greco; October 31st, 2013 at 03:16 AM.
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Old October 31st, 2013, 03:25 AM   #8293
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Quote:
Originally Posted by hugh View Post
Riverlight by Richard Rogers.
Thanks. That area is going to be unrecognisable when all the constructions are done.
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Old October 31st, 2013, 08:34 AM   #8294
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Quote:
Originally Posted by NWTS View Post
This news will make the French people on SSC very upset. It's one of the indications which demonstrates that Paris is losing it's strength on the global scale.
Gratuitous dig that has little to do with developments.
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Old October 31st, 2013, 12:15 PM   #8295
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Originally Posted by SE9 View Post
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Old October 31st, 2013, 12:24 PM   #8296
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Quote:
Originally Posted by El_Greco View Post
I'm curious, how did you come up with that number? I'm usually very impressed with what they are building on the continent.
No. You're impressed with what people show you on here. It's a construction Facebook. People showcase their best projects. Not their worst. You take Barcelona for instance. Has a great reputation but architecturally it is unbelieveably bad as a whole but people don't actually realise this because all they see is what people who live there normally want you to see. Bad architecture and places does not photograph well.

Visit these cities and see for yourself. That is why I have a strange infactuation fro London construction and the city itself because on the whole it is so much better then anywhere else in Europe.
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Old October 31st, 2013, 12:29 PM   #8297
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Quote:
Originally Posted by Birmingham View Post
You're talking about now. 5-10 years time this area will change beyond recognition. When you have organic growth of such scale the public become alot more apparent when local budgets come out and funding is allocated.

Also if you think Aldgate is a shit hole you should visit 80% of areas in Birmingham, Manchester and other major British cities. You guys don't know how good you have it.
VERY well said. My girlfriend lives in Birmingham... not a nice place. Some parts are nice! But for the most part its run down and lacks real redevelopment. I do not see what the big deal is - Aldgate is looking great. It's not perfect but at the same breathe it isnt exactly the most important part of London.

London has so many worse places like Hackney, Peckham etc etc... I would focus on these more if you want to complain.

I'm with you on this Birmingham.
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Old October 31st, 2013, 01:23 PM   #8298
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This building should be built in Canary Wharf, not in the City.
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Old October 31st, 2013, 01:24 PM   #8299
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This building should be built in Canary Wharf, not in the City.
Quote:
Originally Posted by SE9 View Post
40 Leadenhall Street | City of London EC3

London forum thread: http://www.skyscrapercity.com/showthread.php?t=1660252


Plans for 40 Leadenhall Street have now been submitted for approval:
Make submits 34-storey City tower plans


Project facts
  • Height: 154m
  • Floors: 34
  • Architects: Make
  • Developer: Henderson Global Investors

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Old October 31st, 2013, 01:37 PM   #8300
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Quote:
Originally Posted by Birmingham View Post
Barcelona for instance. Has a great reputation but architecturally it is unbelieveably bad as a whole but people don't actually realise this because all they see is what people who live there normally want you to see.
Barcelona is probably the most architecturally exciting city in Europe. A byword for urban reinvention. You've absolutely no clue what you're talking about.

And you haven't answered my question of how you've come up with that number.
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