daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > General Urban Developments > DN Archives



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old January 21st, 2008, 09:32 PM   #641
zerokarma
Registered User
 
Join Date: May 2005
Location: Toronto
Posts: 1,511
Likes (Received): 12

hmm....
__________________
.... Trump Tower Toronto .............. Costa Rica Photos 1, Costa Rica Photos 2
.... if you build it they will come ........ St. Martin/St. Maarten Photos, Aruba Photos
.... www.trumptowertoronto.com ....... St. Lucia Photos, My Complete Photo Album
zerokarma no está en línea   Reply With Quote

Sponsored Links
Old January 22nd, 2008, 11:56 AM   #642
wjfox
Futurist
 
wjfox's Avatar
 
Join Date: Nov 2002
Location: L O N D O N
Posts: 38,334
Likes (Received): 13285



http://www.propertyweek.com/story.as...de=3104277&c=1

Qatari consortium set up to develop ‘The Shard’

09:05 | 22.01.08

Irvine Sellar’s Sellar Property Group today announced it had set up a new consortium to carry out its £2bn Shard skyscraper development at London Bridge Station.

By Deirdre Hipwell

As revealed by Property Week (news 21.12.07) the consortium will comprise four Qatari banks - Qatari Islamic Investment bank QInvest, Qatar National Bank, Qatari Islamic Bank and Barwa – and Sellar Property Group. Each party has bought 20% of the issued share capital of the company.

Sellar said the consortium, fronted by QInvest, was set up after a years’ negotiation with the Qatari investors which have bought both CLS Holdings and Simon Halabi’s Family Trust’s interests in the proposed 2m sq ft mixed-use London Bridge Quarter.

QInvest’s chief executive officer Professor Abdul Latif Almeer said: ‘Our investment in this £2bn development not only reflects our admiration for what has already been achieved in getting the scheme to its present level, but also underpins our confidence in the London commercial real estate market.’

Qatar Islamic Bank chief executive officer Salah Jaidah said: ‘Our investment in London Bridge Quarter represents a positive conclusion of nine months of negotiations, during which time QInvest and QIB took the lead and initiated the idea of creating the consortium of Qatari banks.

'It is also the first time that a consortium of Qatari banks has been formed to invest in an international project of this kind and we are proud to be part of it.’

Sellar Property Group, led by Irvine and his son James Sellar, will continue as developers of the Renzo Piano-designed Shard and will also develop the entire integrated scheme that includes the neighbouring New London Bridge, which will be renamed London Bridge Place.

The estimated build costs for the project are £1.4bn and the Qatari-based investors will provide a majority of the initial construction finance. James Sellar said the consortium planned to ‘fast track the construction of the Quarter enabling us to complete construction by the end 2011’.



__________________
FutureTimeline.net...
wjfox no está en línea   Reply With Quote
Old January 22nd, 2008, 12:15 PM   #643
xXFallenXx
Registered User
 
xXFallenXx's Avatar
 
Join Date: Jun 2007
Location: Temecula, CA
Posts: 3,859
Likes (Received): 170

xXFallenXx no está en línea   Reply With Quote
Old January 22nd, 2008, 12:22 PM   #644
Cyril
Particle XLR8R
 
Cyril's Avatar
 
Join Date: Sep 2002
Posts: 17,812
Likes (Received): 4220

Great news..It's high time they started its construction.
__________________
J'en ai marre de lire "Les riverains sont inquiets..."
Cyril no está en línea   Reply With Quote
Old January 22nd, 2008, 12:29 PM   #645
abskess
Mega Davao Area, Phils.
 
abskess's Avatar
 
Join Date: Mar 2006
Location: DiadabaDAVAO
Posts: 706
Likes (Received): 7

woah! what a tower! love it
__________________
DAVAO Where Your Dreams Thrive
Ten Tribes, One Vibe
Bajadization For Real
abskess no está en línea   Reply With Quote
Old January 22nd, 2008, 12:45 PM   #646
Manuel
Registered User
 
Manuel's Avatar
 
Join Date: Sep 2002
Posts: 9,939
Likes (Received): 32

One of the most graceful structure proposed in the world.

...and what a saga! one of the longest building soap opera ever! after the British Library, T5...well...Britain is quite used to this kind of lenghty dramas...
Manuel no está en línea   Reply With Quote
Old January 22nd, 2008, 12:58 PM   #647
Tony Resta
T-Stays
 
Tony Resta's Avatar
 
Join Date: Jul 2007
Location: Milano, IT
Posts: 991
Likes (Received): 68

Woah, not only has it started finally, but it will be even faster than planned, why couldnt they do that for all the towers
Tony Resta no está en línea   Reply With Quote
Old January 22nd, 2008, 07:31 PM   #648
Mikey
Aerial Erector
 
Mikey's Avatar
 
Join Date: Sep 2002
Location: London
Posts: 1,493
Likes (Received): 9

£2bn 'Shard of Glass' scheme assured
(22 January 2008 14:40)
The future of the £2 billion ‘Shard of Glass’ scheme in central London has been assured after investors from the Middle East took a major stake in the project.

Mace is lined up to build the project, which has been given the go-ahead after a group of investors fronted by the Qatar Islamic Bank (QIB) and Middle Eastern investment bank QInvest signed a deal to buy 80 per cent of the finished property by London Bridge.

The project is the brainchild of Irvine and James Sellar, who said in a joint statement: “This underlines both their faith in this iconic development and the London real estate market. Together we can fast track the construction of the Quarter enabling us to complete construction by the end 2011."

QIB chief executive officer Salah Jaidah said: “This project is an exciting and strategic one for QIB and our subsidiary in London, European Finance House. It is the first time ever that a Qatari consortium of banks joins together for a project in the international market and we are proud to be part of it.”

The investment consortium also includes Qatar National Bank and Barwa and each of its members will be 20 per cent equal shareholders in a newly formed company, London Bridge Quarter Holdings with Sellar retaining a 20 per cent stake.
The deal to finance the Renzo Piano signed building took nine months to thrash out and was arranged by asset manager Centuria.

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

Thank you Centuria!

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

Shard developers secure funding
22 January, 2008

By Sarah Richardson

Four Quatari banks have agreed to fund the construction of the Renzo Piano's London Bridge skyscraper

Funding to build the 310m high Shard of Glass has been secured, the team behind the project confirmed today.


Four Quatari banks, led by investment bank Qinvest, have agreed to bankroll the project, which is being developed by Sellar Property.

Mace is expected to build the structure for a fixed price of around £350m after earlier negotiations to build the scheme under a construction management route hit a wall over risk concerns to the client.

Qinvest chief executive officer Abdul Latif Almeer said: "Our investment in this £2 billion development not only reflects our admiration for what has already been achieved in getting the scheme to its present level but also underpins out confidence in the London commercial real estate market."
__________________
www.Freshradiouk.com streaming dance music 24/7 catch me every saturday 4-6pm GMT
Mikey no está en línea   Reply With Quote
Old January 22nd, 2008, 07:46 PM   #649
Zenith
Trainee Apprentice MOD
 
Zenith's Avatar
 
Join Date: Oct 2003
Location: Taunton
Posts: 7,828
Likes (Received): 1537

Quote:
Originally Posted by ZZ-II View Post
i saw that already . but they've only 4 years. and that's a supertall! demolishing the old building, clear the site, build the foundation, top out and finishing the whole tower....can't imagine they can do it in 4 years. but we'll see , time will tell us
James Sellar said the consortium planned to ‘fast track the construction of the Quarter enabling us to complete construction by the end 2011’.
__________________
https://thezenithblog.wordpress.com/
Please visit my blog and any advice welcome.
Zenith no está en línea   Reply With Quote
Old January 22nd, 2008, 07:56 PM   #650
Ozzy
Jizzlobber
 
Ozzy's Avatar
 
Join Date: Feb 2004
Location: Manchester/Perth
Posts: 291
Likes (Received): 0

Good news so when does it actualy start getting built?
__________________
THE SYSTEM HAS FAILED!
Ozzy no está en línea   Reply With Quote
Old January 22nd, 2008, 08:26 PM   #651
Manuel
Registered User
 
Manuel's Avatar
 
Join Date: Sep 2002
Posts: 9,939
Likes (Received): 32

A new Icon for London...and what a graceful icon!
Manuel no está en línea   Reply With Quote
Old January 22nd, 2008, 08:51 PM   #652
zfreeman
Registered User
 
zfreeman's Avatar
 
Join Date: Jun 2007
Location: Cork City, formally SY,UK/LDN,UK and CT,SA
Posts: 739
Likes (Received): 1

Quote:
Originally Posted by Ozzy View Post
Good news so when does it actualy start getting built?
The current building will be demolished by the middle of the year, they are already doing groundwork around the area and in London Bridge Station.

At least its going ahead now and financial issues have been sorted.
zfreeman no está en línea   Reply With Quote
Old January 22nd, 2008, 09:37 PM   #653
sam-whit-kid
'what are digits?'
 
Join Date: Oct 2007
Location: london...
Posts: 261
Likes (Received): 1

Quote:
Originally Posted by wjfox View Post
the consortium planned to ‘fast track the construction of the Quarter
i dont mean to sound totally retarded but what is the 'Quarter' ? thanx
sam-whit-kid no está en línea   Reply With Quote
Old January 22nd, 2008, 09:49 PM   #654
wjfox
Futurist
 
wjfox's Avatar
 
Join Date: Nov 2002
Location: L O N D O N
Posts: 38,334
Likes (Received): 13285

Quote:
Originally Posted by sam-whit-kid View Post
i dont mean to sound totally retarded but what is the 'Quarter' ? thanx
The combined train station upgrade, Shard tower, New London Bridge House development, and other local improvements.
__________________
FutureTimeline.net...
wjfox no está en línea   Reply With Quote
Old January 22nd, 2008, 11:30 PM   #655
Sy
Bada Bing!
 
Sy's Avatar
 
Join Date: Aug 2003
Location: England
Posts: 2,359
Likes (Received): 153

This is fantastic news. I'm doubtful about the 2011 completion date, but maybe this new energy behind the project will realise it? Afterall they have a bit of competition with Ledenhall, Bishopsgate and Fenchurch Street.
Sy no está en línea   Reply With Quote
Old January 22nd, 2008, 11:58 PM   #656
Astounded
Registered User
 
Join Date: Sep 2007
Posts: 429
Likes (Received): 1

If this is true then there should be real changes at the site real soon!
__________________
skyscraper - "light sail at the top of a mast" (1794)
Astounded no está en línea   Reply With Quote
Old January 23rd, 2008, 05:36 AM   #657
stratus_magnus
BANNED
 
stratus_magnus's Avatar
 
Join Date: Jan 2008
Posts: 290
Likes (Received): 9

THIS BULDING IS ANDREWVILLE
__________________

Zefire liked this post
stratus_magnus no está en línea   Reply With Quote
Old January 23rd, 2008, 05:58 AM   #658
stratus_magnus
BANNED
 
stratus_magnus's Avatar
 
Join Date: Jan 2008
Posts: 290
Likes (Received): 9

GREAT SKYSCRAPER FOR LONDON
__________________

Zefire liked this post
stratus_magnus no está en línea   Reply With Quote
Old January 23rd, 2008, 09:17 AM   #659
city_thing
Put it in your mouth
 
city_thing's Avatar
 
Join Date: May 2006
Location: Melbourne.
Posts: 7,127
Likes (Received): 883

What a fantastic way to end this saga!

Great news for London. You guys must be chuffed!
__________________
Calling occupants of interplanetary craft...
city_thing no está en línea   Reply With Quote
Old January 26th, 2008, 06:43 PM   #660
jak3m
Registered User
 
jak3m's Avatar
 
Join Date: Aug 2007
Location: UK
Posts: 279
Likes (Received): 4

This is great news!
Full speed ahead!
__________________
| Build the Tour de Verre |
jak3m no está en línea   Reply With Quote


Reply

Tags
32 london bridge street, london, london bridge tower, renzo piano, southwark, the shard, the shard of glass

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 05:57 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu