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Old June 18th, 2014, 01:47 PM   #10761
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Quote:
Crest warns against curbing London housing demand

South East house builder Crest Nicholson has taken advantage of soaring demand to lift completions by 35% to 1,091 homes in the first half of the year.

The house builder said it was also well advance with plans for a new homes division in the north-west Home Counties.

A new division management team has been appointed and several site are being shifted into the division to pump prime work.

Crest plans to raise house building from last year’s level of 2,172 homes by 25-30% over the next three years, with an average selling price uplift of 35%-40%.

Stephen Stone, Chief Executive, warned against any political measures to dampen demand in London.

“While London prices have risen rapidly until recently, any policy changes aimed at cooling the London market need to be mindful of the potentially detrimental effect on regional growth.

“We believe political leaders should hold firm to their convictions and provide the stable operating environment required for both large and SME house builders to commit to further volume increases.”

Pre-tax profit jumped 37% to £38m on sales revenue ahead by a quarter at £241m.

Sales rates in the six months to 30 April rose 8% to average at 0.83 sales per outlet per week.

During this year 784 units were added to the short term land bank across 9 sites, bringing the short-term portfolio to 16,118 units.

Stone added: “Purchaser demand continues to be very strong and high levels of forward sales mean that production capacity is currently the most critical factor for volume growth.”
http://www.constructionenquirer.com/...ousing-demand/
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Old June 18th, 2014, 01:50 PM   #10762
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Old June 18th, 2014, 04:04 PM   #10763
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The Leadenhall bulding looks so good close up... so clean and modern. Beautiful.
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Old June 18th, 2014, 04:06 PM   #10764
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Quote:
Originally Posted by GB1 View Post
Any news on the demo at 52 lime street aka the scalpel project ?.
I walked past the site the other day, and it seems as if they are still working on demolition. There is progress, but it'll be a while until we see a core rising.
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Old June 19th, 2014, 11:33 AM   #10765
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Quote:
Originally Posted by Bligh View Post
The Leadenhall bulding looks so good close up... so clean and modern. Beautiful.
It turned out exactly like it looked in the render which doesn't always happen.
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Old June 19th, 2014, 12:41 PM   #10766
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Quote:
ROOF ABOVE CANARY WHARF CROSSRAIL STATION COMPLETES



Canary Wharf Group plc has completed the striking timber lattice roof above the Canary Wharf Crossrail station.

The final aluminium piece was placed on the Foster + Partners designed roof, marking the structural completion of the project which began in May 2009.

The roof will sit above a new roof garden and Canary Wharf Group’s four storey, 115,000 sq ft retail and leisure development including shops, restaurants, bars and a cinema. The roof garden and first phase of the retail and leisure space will open in May 2015, three years before trains run through the station.

Work began on the new station in May 2009 by creating a 250m long and 30m wide watertight dam in the waters of North Dock, using an innovative ‘silent’ piling method. The station box was then built ‘top down,’ 28 metres below the water surface to create the ticket hall and platform levels.

Canary Wharf is the most progressed of Crossrail’s 10 new stations. Eight 40 metre-long escalators, four lifts, flooring, wall cladding and space for station services are all in place in the ticket hall level.

Crossrail’s construction remains on time and within budget. Its tunnelling programme is over 80% complete. When Crossrail opens in 2018, it will increase London's rail-based transport network capacity by 10 per cent and cut journey times across the city, bringing an extra 1.5m people within 45 minutes of central London.
http://www.crossrail.co.uk/news/arti...tion-completes
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Old June 19th, 2014, 05:24 PM   #10767
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Pinewood Studios Expansion | Iver Heath SL0

London forum thread: http://www.skyscrapercity.com/showthread.php?t=547495

Official website: http://www.pinewoodgroup.com/pinewoodexpansion



Project facts
  • Architect:
  • Cost: £194 million ($312m)
  • Studios and stages: 30,000m²
  • Workshops: 32,500m²
  • Offices: 34,500m²

Plans for the substantial expansion of Pinewood Studios have been approved by the Secretary of State:

- BBC News: Pinewood Studios wins appeal over £200m expansion plan

- The Guardian: Pinewood-Shepperton boosted by go-ahead for £200m expansion

- Variety: Pinewood Gets Greenlight from U.K. Gov’t for Expansion Plans



Pinewood is an integral part of the local film industry, which has grown exponentially in the past decade:




Expansion plans:



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Old June 19th, 2014, 05:27 PM   #10768
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Fantastic news.

This project is an emphatic expression of faith in the future of British film making (for all media) and especially the talent of British film makers.
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Old June 19th, 2014, 05:30 PM   #10769
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Very good news!
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Old June 19th, 2014, 05:30 PM   #10770
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Baltimore Tower | Canary Wharf E14

London forum thread: http://www.skyscrapercity.com/showth...hp?p=105569479

Official website: http://www.baltimorewharf.com/



Project facts
  • Developer: Galliard Developments
  • Architect: Skidmore, Owings and Merrill
  • Height: 150m
  • Floors: 44



Update by PowerOfLondon:

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Old June 19th, 2014, 06:02 PM   #10771
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Can't believe it, Pinewood approved! I read it here first. Been following this for ages and watched it get blocked (twice I think) by the local council. This is very good news indeed.
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Old June 20th, 2014, 02:38 AM   #10772
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Originally Posted by SE9 View Post
Pinewood Studios Expansion | Iver Heath SL0
I was so sure that this project was dead. Glad to hear it has been approved.
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Old June 20th, 2014, 09:36 AM   #10773
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Great news for the UK film industry - and a very good promo video from Film London. Cheers for posting!
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Old June 21st, 2014, 05:43 PM   #10774
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Very good news on Pinewood.
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Old June 22nd, 2014, 10:33 AM   #10775
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Kuwaiti and Qatari sovereign wealth funds looking to purchase the Great Scotland Yard project:

Quote:
Middle East investors eyeing up London landmark
http://www.hoteliermiddleeast.com/20...ndon-landmark/

Kuwaiti and Qatari sovereign wealth funds are reported to be in talks with a developer over the possible acquisition of a former governmental building in London which is being transformed into a £10,000 (US $17,013) per night luxury hotel.

The Galliard Group is currently in the middle of a £50 million (US $58 million) project to convert the former Scotland Yard (police) and Ministry of Defence headquarters into a luxury hotel with 235 bedrooms, a VIP suite, a ballroom and a high end restaurant.

According to The Telegraph, the company’s chief executive, Stephen Conway, has recently met individuals from the Middle East who have shown interest in buying the historic building once construction has been completed in 2016. The deal would be worth around £200 million (US $340 million).

“We are currently in discussions with representatives of sovereign wealth funds and ultra high net worth, private investors from the Gulf states, including Qatar and Kuwait,” he told the British newspaper.
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Old June 22nd, 2014, 10:39 AM   #10776
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10 Upper Bank Street has been purchased by insurer China Life for $1.4 billion:

Quote:
China Buys Canary Wharf Group's Skyscraper for £795m
http://www.ibtimes.co.uk/china-buys-...r-795m-1453531

China has snapped up one of London's most iconic skyscrapers for £795m from the Canary Wharf Group.

CWG confirmed in a statement to IBTimes UK that the money from the sale of 10 Upper Bank Street to the Asian government-back insurer China Life will help it pay down its debt and generate around £40m (€50m, $68m) in cash every year for the group until 2019.

"This is the first transaction of its kind for China Life and it's great that we have now established an important future relationship with one of the world's leading companies on this matter," said John Garwood, company secretary of Songbird Estates, which is CWG's parent holding firm, to IBTimes UK.

"It's been in discussion for the past few months but it is premature to say that there are any other deals happening."

Garwood added that the sale would change the loan-to-value on its portfolio to 58% from 63% and help refinance its debt.

CWG is an integrated property development, investment and management group of companies and focuses on the design, construction, leasing and management of Grade A office space and high-quality retail and leisure facilities in central London.

CWG has been responsible for regenerating derelict wharves in the capital into one of the world's most famous business and shopping districts, with the construction of 16 million square feet of office space, which is occupied by over 100,000 people.

Following the sale of 10 Upper Bank Street, China Life will own 70% of the building while Qatar Holdings will retain 20% and CWG 10%. Qatar is a shareholder in Songbird Estates.

Currently, the building generates £44.4m in rent a year and is leased, at the moment, by law firm Clifford Chance.

"Not only does this deal forge a strong relationship with China but it also extends our existing relationship with Qatar too," added Garwood, when IBTimes UK asked about whether there were more major property deals in the works.

"However, while we are only looking to sell the Northern Trust building at the moment, we are always open to finding the right price for the right asset value on the property.
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Old June 22nd, 2014, 10:49 AM   #10777
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A bus stop made from 100,000 lego bricks has been unveiled outside Hamley's toy store on Regent Street:



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Old June 22nd, 2014, 10:52 AM   #10778
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Early plans for the £80 million redevelopment of the Leegate Centre in Lee, south London: http://www.leegate-regeneration.co.uk/




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Old June 22nd, 2014, 10:55 AM   #10779
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London retail space to 'radically increase' in decade of development

Quote:
http://www.drapersonline.com/insight...e#.U6aLu6j1uUc

London is set to benefit from a decade of development that will add some 10 million sq ft of retail space to the capital, a new report has said.

The Midsummer Retail Report, which is published by commercial property agency Colliers International each year and presents a snapshot of the retail market, predicts a major expansion of the capital’s shopping space and a shift away from high streets towards shopping malls.

Commenting on the report, Paul Souber, Colliers International head of Central London retail agency, said: “Historically, London’s shopping scene has been focused on its established shopping streets and locales rather than large malls, but more recently this orientation has changed with the advent of Westfield London and Westfield Stratford.
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Old June 22nd, 2014, 10:57 AM   #10780
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Vodafone plans to move Silicon Valley innovation centre to London

Quote:
http://www.ft.com/cms/s/0/6211db96-e...#axzz35Hvb4Ne1

Vodafone will move its product innovation and development team out of Silicon Valley to establish a centre in London, reversing the long-term migration of technology talent and ideas to the West Coast hub.

European politicians have warned about the damaging effects of losing skills and experience as technology companies either move to the Silicon Valley to benefit from more readily available pools of funding, or are acquired by larger US rivals.

However, Vodafone said that its so-called “xone” hub would benefit from the technology skills and talent in the UK and Europe and bring the research and development operations closer to customers in Europe, Africa and India.

The team will move from an existing base in Silicon Valley to London later this year. The office will be responsible for the development and incubation of emerging technologies and mobile apps, and will include about 20 engineers, technical architects and designers. Vodafone plans to expand the xone team in London.
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