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Old August 3rd, 2010, 09:44 PM   #401
PortoNuts
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Quote:
British Land and Blackstone sign deal to build UBS City headquarters

British Land and Blackstone are set to build a new office building in the City to house the European headquarters of Swiss bank UBS. It will be one of the biggest buildings in London's financial district.

Under the deal agreed today, British Land, one of Britain's largest property developers, will knock down UBS's offices at 4 and 6 Broadgate near Liverpool Street station, and erect a 700,000 sq foot building with four trading floors. UBS's old offices cover a combined 428,000 sq ft.

...

British Land is also in negotiations with potential tenants for its nearby tower in Leadenhall Street, known as the Cheesegrater.
http://www.guardian.co.uk/business/2...blackstone-ubs
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Old August 18th, 2010, 10:57 PM   #402
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British Land is still in talks with potential partners for the planned "Cheese Grater" office tower at 122 Leadenhall Street, and hopes to announce a deal in the next few months. Grigg said the company was not necessarily looking for a pre-let before going ahead with the building and that a joint venture would be enough.
http://www.guardian.co.uk/business/2...es-city-london
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Old August 19th, 2010, 09:15 PM   #403
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What's this about a new office building for UBS? Sounds promising. Any threads on this?
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Old August 21st, 2010, 09:09 PM   #404
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Originally Posted by The seventh shape View Post
What's this about a new office building for UBS? Sounds promising. Any threads on this?
Here: http://www.skyscrapercity.com/showthread.php?t=1186395

I haven't seen renders yet.
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Old September 19th, 2010, 01:39 PM   #405
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wen is it going to start going up
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Old September 19th, 2010, 01:40 PM   #406
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it will make londons skyline look brilliant
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Old September 19th, 2010, 02:08 PM   #407
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Originally Posted by tower lord View Post
it will make londons skyline look brilliant
How about reading threads instead of bumping them??
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Old September 20th, 2010, 08:15 AM   #408
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i bump this thread
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Old September 22nd, 2010, 11:27 PM   #409
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It's got its own website now:
http://www.theleadenhallbuilding.info/fly_thru.html

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Old September 25th, 2010, 10:07 PM   #410
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Important part of that website:

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Old September 27th, 2010, 09:49 PM   #411
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Excellent find!

I say we'll already have a pretty nice shape for the Olympics. Semi-cladded!
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Old October 19th, 2010, 11:12 PM   #412
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Quote:
Canadians close in on BL's cheesegrater

Canadian Pension Plan Investment Board has emerged as the front runner to partner British Land on its 740ft proposed skyscraper at 122 Leadenhall Street.

BL has been in detailed discussions with several parties over a stake in the 621,000 sq ft development in EC3, known as the Cheesegrater, since May. At that time, the REIT was undecided whether to opt for one partner or a small club.

If the deal goes ahead, it will be CPP’s second major investment in the Square Mile this year. Last month, it completed its £183m purchase of 10 Gres ham Street, EC2, in a joint venture with Hammerson.

Construction costs for the Cheesegrater were put at £286m in 2007, although BL has yet to decide what percentage stake in the development it will offload.

BL’s decision to source a partner was criticised by former chairman Sir John Ritblat, when he urged the firm to press ahead on its own.

Elsewhere in the City, JP Morgan Asset Management has this week entered into exclusive talks with Hammerson and the State of Oman to buy the 774,000 sq ft Bishops Square office development, E1, for around £550m – a 6% yield.

DTZ director Martin Lay said: “The potential sale of Bishops* Square underlines the weight of money looking to enter the market and the increased investor appetite for the larger lot sizes, which is feeding through to an increased pressure on pricing.”

Jones Lang LaSalle is advising the State of Oman and Ham*merson.
http://www.egi.co.uk/articles/2010/1...cp=ILC-EGI-RSS
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Old October 22nd, 2010, 05:00 AM   #413
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Quote:
Originally Posted by nickywilliam View Post
Great! this is what they said brilliant planed,i was amazed by the picture of building that has the shape of rocket its very unique and fantastic.You know what after i saw this i could say now that i don't wanna be a lawyer i now say that i wanted to be an engineer.
Good man! The world will always need engineers. (to build solid cells for lawyers that is )
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Old October 23rd, 2010, 04:53 AM   #414
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Good news in regards to this tower:

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Originally Posted by chest View Post
according to todays FT an announcement as early as next week is to be made that this is to go ahead with the building completed in 2014.

http://news.sky.com/skynews
If you go to the Sky News website - the newspaper front pages are below the headlines to the right of the blogs - scroll through the front pages until you get to the FT and you can zoom in and read the whole article.
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Old October 23rd, 2010, 05:03 PM   #415
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Quote:
City skyscrapers get the greenlight



London’s skyline is to be transformed after developers revived plans to build two of the most striking skyscrapers planned for the Square Mile since the development of Swiss Re’s Gherkin.

In a move regarded as a renewed vote of confidence in the City as a global financial centre, British Land, one of the country’s largest property companies, has committed to build its 740ft Cheesegrater with backing from one of Canada’s largest pension funds.

The decision to press ahead with the tower in the heart of London’s financial district caps an important week for the capital’s development. Land Securities, the biggest British developer, has also approved the building of a rival skyscraper, known as the Walkie Talkie because of its arresting top-heavy design.

Both towers, which will open by 2014, had been mothballed during the credit crisis when banks and financial service institutions reduced their City teams and froze office moves.

Developers have regained confidence in the growth of the City and predict a rise in demand for quality office space during the next few years. Their long-term bets on the rebound of the City property market have been backed by hundreds of millions of pounds of funding from international capital. The two towers alone have attracted money from Qatar, Canada and China.

Peter Rees, the City’s long-serving head of planning, said: “These towers reflect the City’s strength as a financial capital and its economic success, which is why they were stopped two years ago in the credit crunch but can restart again now. This is investors bringing money into London from outside the UK, money that would have been spent in New York or the Middle East.”

The skyscrapers will further alter the skyline of the City, which is already being reshaped by the emergence of the Heron tower on Bishopsgate and the new Rothschild headquarters next to Bank station.

Construction work is also under way on the Pinnacle tower, also known as the “Helter-Skelter”, as the developers seek to finalise a financing package with a consortium of international banks.

Next week, Land Securities will open One New Change, its shopping centre in the City next to St Paul’s Cathedral.

One New Change, which has become known as the Stealth Bomber because of its angular architecture, will be the first large-scale retail development for the City.

British Land will agree a joint venture to share the costs of development of the Cheesegrater with Oxford Properties, backed by an Ontario pension fund. The costs of the development are expected to be about £350m, with an additional cost to be shared on the value of the site. The deal could be announced as early as next week.

British Land was the first large developer to announce that it had stopped work on its tower in 2008, although it was soon followed by others as the lack of development finance and a fall in demand for new office space made building unworkable.

This development freeze has meant that fewer buildings will be delivered in the next few years, while there is a succession of large lease breaks among the City’s larger occupiers that could lead to new office moves.

British Land and Land Securities are also in talks to let office space in their buildings to Aon, the insurance group.

That would be the latest decision by a big insurance group to move to a landmark City building following the occupation of the Gherkin by Swiss Re and other prime offices by Willis and Lloyd’s of London.

British Land declined to comment on Friday night.
http://www.ft.com/cms/s/0/bcacbd16-d...44feabdc0.html
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Old October 23rd, 2010, 05:43 PM   #416
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There's one more tower left to unblock now, the Beetham Tower! Hope it will be on track next year...
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Old October 25th, 2010, 12:50 PM   #417
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New video:

http://www.cityscapedigital.co.uk/co...nhall-building

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Old October 25th, 2010, 02:04 PM   #418
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Just makes me want it more! imagine that video with 20FS, the Pinnacle, 100 Bishopsgate and Heron Plaza!
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Old October 25th, 2010, 02:15 PM   #419
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This is great news!!!
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Old October 25th, 2010, 05:32 PM   #420
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Fantastic news!

Quote:
'Cheesegrater' project revived as London office market recovers

The London office market is coming back to life, with the "Cheesegrater" and the "Walkie Talkie" buildings both being given the green light within a week.

British Land has teamed up with Canada's Oxford Properties to build the 47-storey Leadenhall Building, nicknamed the Cheesegrater because of its wedge-shaped profile.

It is the second major project in the City to be revived within days – last week rival Land Securities, Britain's biggest property developer, said it would restart work on a 37-storey building known as the Walkie Talkie in nearby Fenchurch Street after signing a deal with Canary Wharf Group. It will have 690,000 square foot of office space and is due to be completed in the second quarter of 2014.

The recession forced developers to mothball or halt many projects, but commercial property prices have recovered since last summer, with the weak pound fuelling demand from international investors and a shortage of office space boosting rents.

British Land has struck a 50-50 joint venture with Oxford Properties Group, the real estate arm of Toronto-based Ontario Municipal Employees Retirement System, to build the 610,000 sq ft Cheesegrater for £340m. It is also expected to be finished in the second quarter of 2014, when many leases expire in the City.

"We welcome the start of an additional office development, given our positive stance on quality office space," said Harm Meijer at JP Morgan.

On Thursday, the City's first major shopping centre opens in the shadow of St Paul's Cathedral. Designed by French architect Jean Nouvel, One New Change is meant to resemble a US stealth bomber and hopes to lure tourists and bankers with its Banana Republic and Hugo Boss concessions and Jamie Oliver and Gordon Ramsay restaurants. It will also have 330,000 sq ft of office space.
http://www.guardian.co.uk/business/2...s-cheesegrater
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