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Old September 15th, 2005, 01:37 PM   #81
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This is good news which could subsequently affect the height of our beast

Quote:
Miller Group pre-tax profits up 63%
15 September, 2005


UK’s largest private housebuilder flourishes despite slow market conditions nationwide.
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Old September 15th, 2005, 01:53 PM   #82
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It won't affect the height - they won't do anything risky on this just because they've made a few more quid.

It depends on whether it is speculative though - if so the bank might lend more money to make it fancier/higher.
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Old September 15th, 2005, 01:57 PM   #83
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Quote:
Originally Posted by Biosonic
It won't affect the height - they won't do anything risky on this just because they've made a few more quid.

It depends on whether it is speculative though - if so the bank might lend more money to make it fancier/higher.

If there making money from a "slow market" it means there more then likely to go for something a bit bigger then they would've done if they had been losing money.

Sure they wont do anything risky, who would? but when the market does pick up hopefully over the next 18 months, Miller will take this into account and build for that time. Money now in a slow market means more money in a strong market. Not hard to understand
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Old September 15th, 2005, 02:13 PM   #84
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What's wrong the orginal design? Looked good to me, and it's already, err. planned and got building permission?
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Old September 15th, 2005, 02:30 PM   #85
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uneconomical , plus that was not really what it was gonna look like
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Old September 15th, 2005, 03:50 PM   #86
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Quote:
Originally Posted by birminghamculture
If there making money from a "slow market" it means there more then likely to go for something a bit bigger then they would've done if they had been losing money.

Sure they wont do anything risky, who would? but when the market does pick up hopefully over the next 18 months, Miller will take this into account and build for that time. Money now in a slow market means more money in a strong market. Not hard to understand
Not necessarily - other developers are strong in a strong market, and a development, when you count all the other factors in, has an optimum size & appearance etc etc.

It just depends on the competition, money spent on the design so far, speculation, prestige - there are so many factors involved. If it was just "more money in strong market" then Orion would have been bigger, better, and West2 etc would have been better.

I am undoubted that they will go for something impressive, but bearing in mind that it will take a couple of years to build, they have to think of what the market will be like in 3-5 years.

I think it's gonna be good though BC
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Old September 15th, 2005, 04:00 PM   #87
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Anyway, in today's Birmingham Post, the wonderful headline of "Arena Central 'on hold'"

But it is not as it seems! Bit of slack reporting because we all know that the initial designs are due to be released this autumn/winter, but the Post don't. In the article the council have said they haven't received a detailed planning application yet. But they said they expect it to come in this autumn. AC has received outline permission from the gov't in 2000.

The finance director of Miller said he expects to see a start on site "in 6 months to a year" (which fits in with what we know).

But (get this) Miller envisage the site "being transformed into one of the UK's largest city centre developments with up to 2.3 million sq ft of offices, plus residential, leisure & retail space" (this will include Alpha Tower).

"The application includes the construction of a tower on the site"

The finance director goes on to say "we are proposing to create 2000 residential units with around 500 of them in the tower and the overall cost of the project would be around half a billion pounds".

2000 units! That's more than Park Central!!!

AND 500 in the tower? That would make it twice the size of the Rotunda, or about 50% larger than HCT or BST.

Now undoubtedly the tower will be bulkier, and have a low-rise element to it, but it does give us some hope...
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Old September 15th, 2005, 04:36 PM   #88
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That's about as promising as this project gets
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Old September 15th, 2005, 04:42 PM   #89
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Thanks for the information Biosonic.
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Old September 15th, 2005, 05:20 PM   #90
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500 units? Umm think that just about gurantees us a 130m+ tower, unless they are literally only 40sqm a piece and the Tower is fatter then Orion is long ...

2000 units in total? shit me ... thats is gigantic, the equivelent get this of ...

*5 Broad Street Towers or
*7 Rotunda's or
*6 Holloway Circus Towers
*2/3 of the residential units in Eastside

not to mention over 500,000 sqft of office space (not including Alpha Tower which stands at 100m - 27 storeys with 200,000sqft of office space) and the Crowne Plaza Hotel.

They also aim to create 8,000 jobs now I think we all know that 8,000 people is an awful lot, more then the number of people working in the Bull-ring

Damn this project is gonna be amazing I just wanna see in the new masterplan I jusat hope we are not disappointed.
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Old September 15th, 2005, 05:46 PM   #91
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Here's the article.

Arena Central 'on hold' Sep 15 2005
:::::::::::::::::::::::::::::::::::::::::::::



By John Marsden


Work on the huge £500 million Arena Central development in Birmingham is likely be put on hold for at least six months, a developer has revealed.

The Miller Group, one of two firms behind the long-awaited project, said the final details of a revamped masterplan for the scheme were being thrashed out. In March, Edinburghbased Miller said work might start on the project this year if a plan was submitted to Birmingham City Council and it gained consent.

A spokeswoman for the council said the authority had to approve a detailed application for the work to go ahead but it had not yet received one. She said: "We expect it to come in this autumn." Outline planning permission for the project was granted by the Government in 2000, she said.

Miller finance director John Richards said yesterday: "Outline consent has already been granted and we are now working towards getting final detailed planning approval. It's difficult to tell time-scales where planning issues are concerned but we're probably looking at work proper starting in six months to a year."

Miller and Bridgehouse Capital, the investment company set up by Midland millionaire Andy Ruhan, are behind a joint venture, Arena Central Developments, which is running the project.

The partners merged their land interests on the Arena Central site in the city centre, which involves the Alpha Tower and the former ATV premises.

They envisage the 7.6 acre site will be transformed into one of the UK's largest city centre developments with up to 2.3 million sq ft of offices, plus residential, leisure and retail space. The application includes the construction of a tower on the site. Once under way the project may create 2,000 new jobs.

Mr Richards said: "We are proposing to create 2,000 residential units with around 500 of them in the tower and the overall cost of the project would be around half a billion pounds." The initial proposal involved a 175 metre high tower, the tallest building outside London.

Those plans were thrown into doubt following the September 11 terrorist attacks.

Meanwhile Miller Group chief executive Keith Miller unveiled half yearly results which showed a 12th successive year of interim profit growth.

He reported a 63 per cent increase in profit before tax to £38.7 million and the company increased its interim share dividend by 25 per cent to

11.4p per share, up from 9.1p.

Chairman Bob Speirs said the period had shown excellent progress for the group.

Profit before interest and disposal of fixed assets was £41.1 million, a 28 per cent increase.

Finance director Mr Richards said the group had a range of housing projects in the Midlands but they tended to be weighted towards the east of the region. A greater emphasis would be placed on developing the West Midlands market, he added.

Projects include developments in Wolverhampton; Solihull; St Paul's Square, Birmingham; Warwick and Great Barr.
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Old September 15th, 2005, 09:15 PM   #92
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How many "units" are there in HCT(including the hotel) and in Orion?Do people think that Alpha will get a spruce up?It looks OK but in five years with all this development around it I imagine it'll look a little shoddy.
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Old September 15th, 2005, 09:21 PM   #93
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I think alpha just needs a scrub and a decent lighting scheme, its a great piece of design and although dated, its dates in a good way, it has not ages badly like some of the buildings from its period x

500 units in one tower is alot, 10 units per floor is 50 storeys......and ten units on a floor is alot....the footprint for the tower is not massive so something elegant could be on the cards

I seem to remember one of the manchester tall towers had 400 units (please dont quote me i could be wrong)

six months to year means they must be submitting the detailed planning application soon as it will take that long to get through planning
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Old September 15th, 2005, 09:21 PM   #94
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220 hotel rooms and 150 flats in HCT.
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Old September 15th, 2005, 09:24 PM   #95
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Quote:
Originally Posted by brum2003
I seem to remember one of the manchester tall towers had 400 units (please dont quote me i could be wrong)
If you add hotel+flats its:

650 in Eastgate (188m)
401 in Beetham (157m)
237 in Crown (131m)
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Old September 15th, 2005, 09:28 PM   #96
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Thanks for the info.
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Old September 15th, 2005, 10:43 PM   #97
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Flast should be larger than hotel rooms on average but the ceiling might be lower- is there any difference in height in hCT besides the bottm three floors?
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Old September 16th, 2005, 12:42 AM   #98
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look guys, its gonna be 39 storeys lets just leave it at that eh
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Old September 16th, 2005, 12:43 AM   #99
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"We are proposing to create 2,000 residential units with around 500 of them in the tower and the overall cost of the project would be around half a billion pounds."

Blimey, this is just amazing.
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Old September 16th, 2005, 12:56 AM   #100
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so has it been built yet yawn plans sound good
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