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Old November 15th, 2016, 09:51 PM   #19341
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Google has committed to a 1bn investment in the UK and plans to create 3000 jobs. Plus they have also committed to expanding their office space in London by building a new 10 storey office at King's Cross.
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Old November 16th, 2016, 03:03 AM   #19342
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Southbank Place | South Bank SE1

London forum thread: http://www.skyscrapercity.com/showth...627784&page=12

Official website: http://southbank-place.com/


Project facts
  • Address: Shell Centre, London SE1 7NA
  • London borough: Lambeth
  • Developer: Braeburn Estates Limited Partnership
  • Architects : Stanton Williams , Squire & Partners , Kohn Pedersen Fox Associates, Patel Taylor and GRID Architects
  • Height: 126 | 109 | 104m
  • Floors: 37 | 32 | 30



Progress photos by Master_Builder:


IMG_2962 by Thomas Ryder, on Flickr


IMG_2972 by Thomas Ryder, on Flickr
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Old November 16th, 2016, 11:59 AM   #19343
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Weavers Quarter | Barking Zone 4

Official website: http://www.east-thames.co.uk/weavers...g-and-dagenham

Project facts
  • London borough: Barking
  • Developer: East Thames
  • Architects : Levitt Bernstein and Allies & Morrison
  • Number of Flat: 1,575
  • A 690 pupil primary school
    A 1,850 pupil secondary school
    A community centre
    Various retail and office spaces
    Various green spaces, including a public square
    Play areas for children


Yet another London run down Council Estate is being redeveloped:

was:



will be by 2024:






My pictures from yesterday:



London 15/11/16
by Quicksilver, on Flickr


London 15/11/16
by Quicksilver, on Flickr
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Old November 16th, 2016, 12:08 PM   #19344
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Quote:
Norway Wealth Fund Buys $345 Million London Oxford St. Building

Norges Bank Real Estate Management acquired an office and retail building on Oxford Street, the U.K.’s busiest shopping street, from Great Portland Estates Plc for 276.5 million pounds ($345 million).

The property is leased in advance of its completion next year to New Look, Benetton and Moneysupermarket.com Group Plc, Great Portland said in a statement. The yield on the purchase is 3.2 percent.

Norway’s sovereign wealth fund, the world’s largest, returned 4 percent in the third quarter even as the government withdraws money for the first time to cover budget needs. In July, the fund bought a building on the same side of Oxford St. for 124 million pounds from an Aberdeen Asset Management Plc property fund.

“Oxford Street has been an exceptional project for us and this sale continues our strategy of recycling capital out of assets where we have created significant value,” Great Portland Chief Executive Officer Toby Courtauld said. “This sale crystallizes a whole life capital return of 75 percent and an annualized unlevered internal rate of return of 28.4 percent.”
http://www.bloomberg.com/news/articl...rd-st-building
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Old November 16th, 2016, 05:17 PM   #19345
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Google commits to new headquarters and 3,000 additional jobs in London



Google has confirmed plans to construct a new headquarters at its King's Cross campus in London, in a move which will create 3,000 new jobs.

The planned ten-storey, 650,000 square-foot construction will represent the first wholly owned and designed Google building outside the United States. Google's commitment to the plan comes at a time when much of the UK technology sector is worried about what Brexit means for its future.

However, despite the public vote to leave the European Union, Google CEO Sundar Pichai still believes the company has a big future in the United Kingdom.

"Here in the UK, it's clear to me that computer science has a great future with the talent, educational institutions, and passion for innovation we see all around us. We are committed to the UK and excited to continue our investment in our new King's Cross campus," he said, speaking in London.
http://www.zdnet.com/article/google-...obs-in-london/
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Old November 17th, 2016, 01:27 AM   #19346
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Wonderful news!
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Old November 17th, 2016, 02:00 AM   #19347
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Wood Wharf | Canary Wharf E14

London forum thread: http://www.skyscrapercity.com/showthread.php?t=317626

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



Project facts
  • Address: Wood Wharf, Preston's Road, London E14
  • London borough: Tower Hamlets
  • Developer: Canary Wharf Group
  • Cost: £2 billion ($3bn)
  • Homes: 3,610
  • Office space: 175,000m²
  • Retail space: 35,000m²



The Wood Wharf site, progress photos by MarkCW:


IMG_0356 by Mark, on Flickr


IMG_0363 by Mark, on Flickr
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Old November 17th, 2016, 10:44 AM   #19348
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Qatar Wins Approval to Turn U.S. Embassy in London Into a Hotel

Qatari Diar Real Estate Investment Co. won approval to convert the U.S. Embassy on London’s Grosvenor Square into a luxury hotel.

The project in the Mayfair district, which will include stores and restaurants, was approved late Tuesday by the borough council, according to Westminster Property Association. Bollards and security kiosks surrounding the property will be removed as part of the plan.

Qatari Diar’s London projects include luxury homes at the former Chelsea Barracks, the majority of the Canary Wharf financial district in east London and a stake in a multifamily apartment complex near the former Olympic Stadium in East London.

Despite the fall in the pound following the Brexit vote, revenue per available room, a measure of profitability, at London hotels fell 11.4 percent in October from a year earlier, according to data compiled by researcher STR.

The U.S. State Department agreed to sell the existing embassy building in 2009 to fund a relocation to the Nine Elms district. The opening of the new embassy has been delayed and the building is now scheduled to be completed around spring 2017, a person with knowledge of the matter said last month.
http://www.bloomberg.com/news/articl...n-into-a-hotel
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Old November 17th, 2016, 06:25 PM   #19349
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I think Southbank Place should pay more respect to the historical Westminster Palace ensemble across the Thames. It's not an appropriate design for this location. The London Eye works there, virtually as an eyecatcher; but a group of lame boxy towers, come on... They should've adapted to the classical highrise next door.
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Old November 18th, 2016, 12:21 AM   #19350
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I'd say they're inoffensive but not inappropriate. The block I don't particularly like is the shorter slab immediately north of the Shell Centre.

It's setback from the river and slightly downstream from the palace so I'm not worried about it having an impact in that respect.
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Old November 18th, 2016, 02:27 AM   #19351
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The Scalpel | City of London EC3

London forum thread: http://www.skyscrapercity.com/showthread.php?t=1528916

Official website: http://thescalpelec3.co.uk/



Project facts
  • Address: 52-54 Lime Street, London EC3
  • Ward: Lime Street
  • Developer: W.R. Berkley
  • Architect: Kohn Pedersen Fox
  • Height: 192m
  • Floors: 39



Update from chest:



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Old November 18th, 2016, 04:35 AM   #19352
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I love how the Lloyd's Building is reflecting off it.
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Old November 18th, 2016, 09:34 AM   #19353
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The Scalpel will be a great addition.

But I can't help being a little sad that it will somewhat come at the expense of the soon to be obscured Willis Building - an underrated and overlooked gem.
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Old November 18th, 2016, 11:07 AM   #19354
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That cladding looks promising! Looking forward to see it go up on the side of the tower.
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Old November 18th, 2016, 02:29 PM   #19355
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Quote:
Brexit No Barrier for China's New Financial District Plan in London

With Britain trying to hammer out the terms of its exit from the European Union and banks considering their options on the continent, is this the best time to start building a new financial district in London? China thinks so.

Four of the country’s biggest banks this month agreed to finance the first stage of a 1.7 billion-pound ($2.12 billion) transformation of an old East End dock into a hub for Asian businesses.

To the west of the site near London City Airport, the towers of Canary Wharf stand as a reminder of how ambitious projects in the U.K. capital can remain white elephants for years before turning into cash cows.

Chinese companies are on track to invest 4 billion pounds in London property this year, beating the 2015 record by a third, according to data compiled by CBRE Group Inc.

Though the U.K.’s vote to leave the European Union lowered prices for Chinese by depressing the pound against the yuan, any longer-term payoff depends partly on whether Brexit will drive down rents and values by diminishing the city’s role as Europe’s finance hub.

“Chinese investors are betting that the U.K. will do well in the Brexit talks, and if it doesn’t, companies will still choose London as their base,” said Michael Marx, former chief executive officer of developer U+I Group Plc.

“London didn’t become the financial capital of the world overnight and it certainly won’t lose that status so quickly.”

Chinese Binge

Developer ABP London and investment company Citic Group Corp. are hoping that lower rents along with the pound’s drop will attract expanding companies from China and other parts of Asia to their new hub.

The rise in London investment coincides with a Chinese binge on foreign properties, driven by high prices and dwindling commercial property investment opportunities at home.

Since the Brexit vote, buyers from the world’s most populous country have spent 600 million pounds in the U.K., according to CBRE data that excludes purchases by individuals.

China Minsheng Investment Corp. bought Societe Generale SA’s London headquarters for 84.5 million pounds. China Vanke Co. bought Ryder Court, an office building in Mayfair, for 115 million pounds and Kingboard Chemical Holdings Ltd. acquired Moor Place in the City of London financial district last month for 271 million pounds.

“We’re now getting inquiries from investors who have sat on the sidelines for years,” said Rasheed Hassan, a director of cross-border investment at Savills Plc who advised Kingboard Chemical on its purchase. “They’re jumping in all of the sudden. Even though there is a small discount on the yield, there is now a big discount on currency.”

...
http://www.bloomberg.com/news/articl...t-brexit-pound
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Old November 18th, 2016, 03:05 PM   #19356
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Buckingham Palace to get £369m refurbishment



Buckingham Place is to undergo a 10-year refurbishment costing the taxpayer £369m, the Treasury has announced. The Queen will remain in residence during the work, to begin next April.

Ageing cables, lead pipes, wiring and boilers will be replaced, many for the first time in 60 years, owing to fears about potential fire and water damage.

Tony Johnstone-Burt, Master of the Queen's Household, said phased works offered the "best value for money" while keeping the palace running.

The works will be funded by a temporary increase in the Sovereign Grant, as recommended by the Royal Trustees, who include the prime minister and chancellor. This funding change will require MPs' approval.

Mr Johnstone-Burt said: "We take the responsibility that comes with receiving these public funds extremely seriously indeed; equally, we are convinced that by making this investment in Buckingham Palace now we can avert a much more costly and potentially catastrophic building failure in the years to come."

The Treasury said an "urgent overhaul" of the palace was needed to prevent the risk of fire, flood and damage to both the building and the priceless Royal Collection of art belonging to the nation.

Pointing to the damage Windsor Castle had suffered from a fire in 1992, the Treasury said: "The restoration took more than five years, and it is estimated that similar damage to Buckingham Palace could cost up to £250m for a single wing".

Her Majesty's HQ

As Her Majesty's administrative headquarters, the Queen spends a third of the year hosting events at Buckingham Palace.

When in town, she holds weekly audiences with the prime minister, and every year welcomes more than 50,000 people as guests to state banquets, dinners, receptions and garden parties.

The palace has 775 rooms, including 19 state rooms, 52 royal and guest bedrooms, 188 staff bedrooms, 92 offices and 78 bathrooms.

It has served as the official London residence of Britain's sovereigns since 1837, playing host to a stream of historical figures, including a seven-year-old Wolfgang Amadeus Mozart, Charles Dickens, the US Presidents Woodrow Wilson and John F Kennedy, Mahatma Gandhi - who wore a loin cloth and sandals to tea with King George V - Neil Armstrong and Nelson Mandela.

The occupied royal palaces are held in trust for the nation by the Queen but the cost of maintaining them falls on the government.

...
http://www.bbc.com/news/uk-38025513
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Old November 18th, 2016, 03:48 PM   #19357
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Quote:
Originally Posted by JimB View Post
The Scalpel will be a great addition.

But I can't help being a little sad that it will somewhat come at the expense of the soon to be obscured Willis Building - an underrated and overlooked gem.
It was a pleasure watching the Willis Building as it was under construction.
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Old November 18th, 2016, 03:54 PM   #19358
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Originally Posted by Bligh View Post
That cladding looks promising! Looking forward to see it go up on the side of the tower.
The reflections on the side facing the square have the potential to be a photographer's dream.
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Old November 18th, 2016, 03:56 PM   #19359
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18 Blackfriars | Southwark SE1

London forum thread: http://www.skyscrapercity.com/showthread.php?t=389557

Official website: http://18blackfriarsroad.co.uk/



Project facts
  • Address: 18 Blackfriars Road, London SE1
  • London borough: Southwark
  • Developer: Black Pearl
  • Architect: Wilkinson Eyre
  • Height: 178m | 136m | 62m
  • Floors: 51 | 32 | 17

Plans have been unveiled for a residential, office and hotel scheme at 18 Blackfriars:







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Old November 18th, 2016, 03:57 PM   #19360
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The Design Museum and Holland Green | Kensington W8

London forum thread: http://www.skyscrapercity.com/showthread.php?t=860864

Official website: https://designmuseum.org/move-with-us



Project facts
  • Address: Commonwealth Institute, Kensington High Street, London W8
  • Developer: Chelsfield Partners | Ilchester Estate
  • Architect: OMA
  • Cost: £80 million
  • Museum space: 10,000m²
  • Homes: 63





The Design Museum and Holland Green scheme is now complete:

- The Times: Design Museum giants square up

- Dezeen: London's new Design Museum by John Pawson and OMA unveiled

- The Art Newspaper: Design Museum aims for ‘Tate effect’ after move to west London


















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