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Old May 12th, 2007, 01:06 AM   #221
ChrisDVD
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i love the tower...i wish it could be in Paris or Maontreal Congrats Brits! (is that ok to say???)
Nyway, it will be to ba dif they can't fund it...
Perhaps SSC should fud Skyscrapers! lol jk
Or perhaps build our own skyscraper!!! lol
back on track.

What i like about it its not the design, cuz it snice, but not the nicest...but at least it fits so wellll in London, which is more important then having the nicest tower. I find that this tower relly changes the london skyline.

So good luck London!!
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Old May 13th, 2007, 03:29 AM   #222
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I like the new renders on the first page
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Old May 14th, 2007, 04:37 AM   #223
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Any news about the funding problems???

btw...i don't think it looks like in I,Robot.... i have the movie, so maybe tommorow i iwll take a snapshot....

Last edited by i_am_hydrogen; June 22nd, 2007 at 06:24 PM.
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Old May 18th, 2007, 01:30 AM   #224
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As I said earlier, recent news has been slightly worrying. They are having some problems funding the tower. Basically, it's a joint venture between 3 investors who each have a stake - Irvine Sellar, the main man behind the tower, then there's CLS Holdings, and Simon Halabi.

Simon Halabi is pulling out of the project and selling his share onto somebody else, we don't know who.

In addition, the construction costs are starting to soar. They recently had talks with banks to raise £500 million, in addition to the £175 million loan facility they secured last year. This would bring the total cost to a whopping £700 million, nearly twice the initial estimate.

The tower has already secured tenants for the hotel though, and a large section of the office space too. The residential apartments haven't been marketed yet, but with some of the best views in London and an unbeatable location they'll no doubt sell for tens of millions of pounds each.

Enabling works are already getting underway at London Bridge station - they are preparing the site for demolition. Occupants of the current building will be vacating next month, then demolition work starts a month or two after that. It will be over a year before proper construction can then begin.

Personally, I think this project has come too far now to be cancelled, despite these financial problems. They might have to redesign the internal space or something, but otherwise it should still go ahead.

Last edited by i_am_hydrogen; June 22nd, 2007 at 06:23 PM.
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Old May 18th, 2007, 01:45 AM   #225
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Quote:
Originally Posted by wjfox2002 View Post
As I said earlier, recent news has been slightly worrying. They are having some problems funding the tower. Basically, it's a joint venture between 3 investors who each have a stake - Irvine Sellar, the main man behind the tower, then there's CLS Holdings, and Simon Halabi.

Simon Halabi is pulling out of the project and selling his share onto somebody else, we don't know who.

In addition, the construction costs are starting to soar. They recently had talks with banks to raise £500 million, in addition to the £175 million loan facility they secured last year. This would bring the total cost to a whopping £700 million, nearly twice the initial estimate.

The tower has already secured tenants for the hotel though, and a large section of the office space too. The residential apartments haven't been marketed yet, but with some of the best views in London and an unbeatable location they'll no doubt sell for tens of millions of pounds each.

Enabling works are already getting underway at London Bridge station - they are preparing the site for demolition. Occupants of the current building will be vacating next month, then demolition work starts a month or two after that. It will be over a year before proper construction can then begin.

Personally, I think this project has come too far now to be cancelled, despite these financial problems. They might have to redesign the internal space or something, but otherwise it should still go ahead.
OMG that doesnt sound like good news to me!

Last edited by i_am_hydrogen; June 22nd, 2007 at 06:23 PM.
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Old May 18th, 2007, 02:30 AM   #226
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Nothing that can't eventually be overcome though. Not the first time a financier has pulled out of a project only to be replaced by another. Just means more time is needed.

Thanks foxy.
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Old May 18th, 2007, 03:27 AM   #227
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I,m pretty sure they will find asomething to repair the problem....
Nyway, lets wait for more news.....
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Old May 25th, 2007, 02:35 PM   #228
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london's skyline definitely needs this tower!
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Old May 25th, 2007, 06:01 PM   #229
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I was looking forward to this tower... Hope they get their funding secured.
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Old May 25th, 2007, 06:10 PM   #230
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I'm pretty certain they will be able to secure the 500million, considering HSBC's 200m HQ in Canary Wharf recently sold for more than double that.
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Old June 22nd, 2007, 11:18 AM   #231
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A rendering from the south, which includes all the City proposals.

Full version here, which includes Canary Wharf -
http://www.skyscrapercity.com/showthread.php?t=489244


2007






2012

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Old June 22nd, 2007, 11:33 AM   #232
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so if (and it's a big if) this gets built

will it be ready for 2012?
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Old June 22nd, 2007, 12:23 PM   #233
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Didn't realise leadenhall would look so big on the skyline.

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Old June 22nd, 2007, 02:17 PM   #234
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Quote:
Originally Posted by timo View Post
so if (and it's a big if) this gets built

will it be ready for 2012?
It should be completed in 2011 with internal fitout completed in July 2012
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Old June 22nd, 2007, 07:28 PM   #235
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sleek, elegant, powerful.

i like it!
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Old June 22nd, 2007, 07:51 PM   #236
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20 fen looks horrific in that render, i'm guessing that it's accurate. 20 fen will ruin the dynamics of the skyline, where as the Shard looks magnificent!
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Old June 25th, 2007, 01:24 PM   #237
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Quote:
Originally Posted by timo View Post
so if (and it's a big if) this gets built

will it be ready for 2012?
yes and there is no "if" Shard IS going to be built.
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Old June 25th, 2007, 05:49 PM   #238
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I'd imagine once the shard is topped out along with the Pinnacle, some random person will ask a dumbfounded question like ''So, is this and the Bishopsgate tower going to get built or not!'' just to annoy.
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Old June 25th, 2007, 06:59 PM   #239
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Looks like the funding issues are sorted...

------------------------------------------------------------------------------------------------------


Credit Suisse and Hypo Real Estate to fund Shard
Jane Roberts 25/06/2007 13:00

Credit Suisse and Hypo Real Estate Bank are set to finance Europe’s tallest building, the Shard of Glass at London Bridge, writes Estates Gazette sister title EG Capital.

The 1,016ft skyscraper designed by Renzo Piano is to be built at an estimated value of more than £1bn.

Developers Sellar Property, CLS and Simon Halabi’s Buckingham Securities started talks last February with a number of potential banks to provide development finance for the 72-storey tower.

It is thought the development loan arranged with Credit Suisse and Hypo will include a large junior debt slice to reflect the project’s risk.

The two banks are likely to syndicate the debt.

The developers already have a £196m, two-year interim bridging facility with Nationwide and Kaupthing Singer & Friedlander, used to buy the site, pay the site’s tenant PricewaterhouseCoopers, to move, and to pay consultants.
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Old June 25th, 2007, 07:20 PM   #240
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Quote:
Originally Posted by wjfox2002 View Post
Looks like the funding issues are sorted...

------------------------------------------------------------------------------------------------------


Credit Suisse and Hypo Real Estate to fund Shard
Jane Roberts 25/06/2007 13:00

Credit Suisse and Hypo Real Estate Bank are set to finance Europe’s tallest building, the Shard of Glass at London Bridge, writes Estates Gazette sister title EG Capital.

The 1,016ft skyscraper designed by Renzo Piano is to be built at an estimated value of more than £1bn.

Developers Sellar Property, CLS and Simon Halabi’s Buckingham Securities started talks last February with a number of potential banks to provide development finance for the 72-storey tower.

It is thought the development loan arranged with Credit Suisse and Hypo will include a large junior debt slice to reflect the project’s risk.

The two banks are likely to syndicate the debt.

The developers already have a £196m, two-year interim bridging facility with Nationwide and Kaupthing Singer & Friedlander, used to buy the site, pay the site’s tenant PricewaterhouseCoopers, to move, and to pay consultants.
Oh yes!

It gets closer.......
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