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LONDON DEVELOPMENT





German fund plans Europe’s tallest tower in the City;


Difa, the German fund manager, is preparing to submit a planning application to the Corporation of London for what would be Europe’s tallest office skyscraper. The proposed tower is thought to be about 310 m high compared to 237m for Canary Wharf and 180m for the Gherkin. The tower would be built on a site at 22-24 Bishopsgate and Crosby Court. Difa, which has been working up its plans for more than two years, has had meetings with English Heritage, the Mayor of London and the Commission for Architecture and the Built Environment (CABE). A previous proposal designed by Helmut Jahn was withdrawn after objections by English Heritage. The new scheme is designed by Kohn Pedersen Fox. A consortium led by Sellar Property Group has planning permission for another 310m tower at London Bridge (The Shard of Glass) whilst Minerva has permission for a 217m tower on the City fringe and Heron will start work on the 183m Heron Tower next year.

Times 13.05.05






West End masterplan due next month;

the Evening Standard reveals that a 200-page masterplan for the West End is due to be issued next month (June) for public consultation. It has been commissioned by the New West End Company in association with the Heart of London; the two business improvement districts covering the West End. One idea being mooted is a proposal by architects HOK Sport, in association with Arup and Jones Lang LaSalle, to pedestrianise parts of Piccadilly and Regent Street to create a boulevard akin to Barcelona’s Las Ramblas. Piccadilly Circus would be upgraded by creating more pedestrian areas, re-siting Eros and a new spire sculpture to make it the gateway to the Nash streets.

Evening Standard 17.05.05




Trocadero to be redeveloped;

the Trocadero, the old restaurant and nightclub in Shaftsbury Avenue, has been sold by Burford Holdings to Golfrate for £200m. The new owners have announced that they intend to redevelop the 500,000 sq ft complex into a shopping centre with a hotel or offices above; on the same lines as the St Nicholas Centre in Sutton in Surrey where it is building a 200-room Accor hotel.

Estates Gazette 21.05.05




Chelsea Barracks may be put up for sale;


The Financial Times quotes property experts as claiming that ministers are close to making a decision to put all or part of the Chelsea Barracks site up for sale. When Labour came into power they invited PFI proposals for the 13-acre site between Sloane Square and the Thames which would involve the winner locating the thousand soliders based at Chelsea at another site in London in return for the opportunity to redevelop the site. After years of to-ing and fro-ing, the Ministry of Defence gave up, leaving bidders such as Bovis Lend Lease and Berkeley Homes frustrated. Other London sites that may be freed up will include RAF Uxbridge, Inglis Barracks in Mill Hill, RAF Bentley Priory, and Woolwich and, possibly, former US naval bases at Eastcote and West Ruislip. Defence Estates hope to create 10,000 homes on the sites.

Financial Times 19.05.05




City gets friendlier towards housing;


Peter Rees, the Chief Planner for the Corporation of London, has signaled a shift in policy towards limiting residential building in the Square Mile. He has told the Estates Gazette that permission for the conversion of low-grade office buildings into flats would be granted in certain circumstances. He indicated that some of the less attractive office space could be converted because of the economic situation. In the meantime Simon Thurley, chief executive of English Heritage, has defended the quango’s attempts to prevent excessive office development in areas such as South Shoreditch. He said the South Shoreditch Action Plan, which has been drawn up by Hackney Council, “restricts a march of glass and steel buildings through South Shoreditch”. He said that the popularity of London was dependent on a juxtaposition of the City’s skyscrapers and areas of character such as South Shoreditch and Brick Lane.

Estates Gazette 21.05.05




LMS plan 1,000 home project in Greenwich Reach;

London Merchant Securities (LMS) is poised to submit plans for a one million sq ft mixed-use development at a former gas works at Greenwich Reach close to the Cutty Sark. The £200m project will include 1,000 homes of which about 35 per cent will be “affordable” in a mix of socially rented and key worker housing. There will also be shops and cafes, a large riverside park and, possibly, space for the Docklands Museum to create a permanent home for historic boats along the waterfront. LMS are also working on a new mixed-use scheme at 105 Tottenham Court Road and an office development in Dorset Square.

Times 16.05.05




Walthamstow Stadium from the air

Dog track under starters orders; the Chandler family have put the Walthamstow Stadium in Chingford up for sale. Offers of £30-40m are being sought for the dog track, which is regarded as the best of greyhound stadia. The most interest has come from residential developers as council planners have suggested that housing would be the most appropriate use of the site. If it did close down there would only be two greyhound stadia left in London at Romford and Wimbledon.

Estates Gazette 21.05.05
 

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Walthamstow Stadium from the air

Dog track under starters orders; the Chandler family have put the Walthamstow Stadium in Chingford up for sale. Offers of £30-40m are being sought for the dog track, which is regarded as the best of greyhound stadia. The most interest has come from residential developers as council planners have suggested that housing would be the most appropriate use of the site. If it did close down there would only be two greyhound stadia left in London at Romford and Wimbledon.

Noooooooo, why does eveything with character seem to get bulldozed
 

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I hope Walthamstow dog track doesn't go, lots of memories from there. There's plenty of other places to build housing.

DIFA sounds so brilliant, can't wait till the renders are released.
 

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Discussion Starter · #5 ·
I find it hard to believe that Walthamstow will close, there used to be some many dog tracks in London from White City down to Catford.
 

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I thought he meant DIFA, but I asked because the answer to that question relies on so many factors, it's impossible to answer at this stage... at least wait until it's been submitted for planning and we've had a bit of feedback, so we know whether there are any issues to resolve. Even then, it'll need that all important pre-let, just like any other tower.

I think so, yes, Ken is on the same wavelength. Its tallish, its meant to be a fantastic, unique design, and its in the perfect location.
Funilly enough, that has nothing to do with whether it will be built. Support from the GLA and the Corporation will influence whether it gets planning permission, but the determinents for whether it gets built are far more wide-ranging. Even I couldn't tell you at this stage.

So Brit, have the Times got it completely wrong with the 310m?
I can't tell you that, but you'll find out soon enough.
 

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Been looking into the Greenwich reach scheme & I reckon its the site next to deptford creek- Sound like a quality development & might even have a high-rise element itf its close to the towers in deptford creek.

http://business.timesonline.co.uk/article/0,,9064-1614066,00.html
http://www.lms-plc.com/html/index.cfm?secid=43

LONDON Merchant Securities, the listed property group, is poised to submit plans for a one million sq ft mixed-use development at Greenwich Reach on the banks of the river Thames, The Times has learnt.
The £200 million project will include more than 1,000 homes, spanning 900,000 sq ft, as well as shops and cafes.



The site, which is about a quarter of a mile from the Cutty Sark in Greenwich, was formerly a gasworks. London Merchant Securities hopes the new development will transform the land into a vibrant area that appeals to residents and visitors.

The development will be built in phases.

About 35 per cent of the homes will be “affordable” with a mix of socially rented and key worker housing. The new project replaces an older scheme planned for the site, which included a supermarket, cinema and other retail and leisure activities.

The development will include a large riverside park, and extended public access along the Thames Walkway towards central London. London Merchant Securities is also in talks with the Docklands Museum to create a permanent home for a selection of historic boats along the waterfront. The company hopes the completed project will create about 600 jobs.

The project forms part of an estimated £300 million development programme over the next five years. London Merchant Securities is also working on a new mixed-use development at 105 Tottenham Court Road to create 95,000 sq ft of offices, 14,100 sq ft of shops and seven residential apartments. Meanwhile at 26-28 Dorset Square in London, the company is carrying out a major refurbishment to create 23,500 sq ft of offices.

The company has a property portfolio that was last valued at more than £890 million and that contains a mix of offices, largely in central London, as well as shops and leisure across the UK.
 

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We're doing Greenwich Reach... can't tell you whether it has any tall buildings though. It probably does... most projects do!
 

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re:City gets friendlier towards housing;

I have a question- How can The coporation of London being a London authority dictate that it only wants limited housing. What gives them the right to deny developers buidling homes/flats in the city. I know they dont allow it because it will effect the voting registry in the city BUT surely this is undemocratic & dont see how they can get away with it. The city used to be full of housing for nearly 2000 yrs yet since the end of WWII the city of London has turned it into ghost town of office blocks.

If they allowed more housing it would really encourage tall mixed office/resi towers.
 

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I certainly think that it would be viable and attractive from an urban environment view to have housing/retail between the Thames and St Pauls along that stretch... currently that area is depressing and it would also bring St Pauls out from beneath a mass of concrete
 

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re:City gets friendlier towards housing;

I have a question- How can The coporation of London being a London authority dictate that it only wants limited housing. What gives them the right to deny developers buidling homes/flats in the city. I know they dont allow it because it will effect the voting registry in the city BUT surely this is undemocratic & dont see how they can get away with it. The city used to be full of housing for nearly 2000 yrs yet since the end of WWII the city of London has turned it into ghost town of office blocks.

If they allowed more housing it would really encourage tall mixed office/resi towers.
There is obviously the voting issue, but the real reason is the overriding importance of commercial uses. People can live anywhere in London... but only the City has the status of the world's leading international finance centre, and that takes precedence. If you introduce residents, you introduce NIMBYS and the Corporation doesn't want residents objecting to major office schemes (such as all the towers we all know and love). They can do it because they have adopted policies in their UDP (and backed up by the London Plan) that allow them to.
 

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GLA Economics’ forecast, London's Economic Outlook - Spring 2005, predicts that GVA growth will slow to 2.6 per cent in 2005 and remain around trend in 2006 and 2007. Employment growth is expected to continue in 2005 and pick up in 2006 and 2007. After slowing in 2005 London household spending growth is expected to quicken in the following two years.

About GLA Economics
GLA Economics provides expert advice and analysis on London's economy and the economic issues facing the capital. Data and analysis from GLA Economics provide a sound basis for the policy and investment decisions facing the Mayor and the GLA group. The unit was set up in May 2002 and is funded by the Greater London Authority, Transport for London and the London Development Agency.
 

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London's population has grown by nearly 600,000 since 1989, the equivalent of absorbing a city the size of Sheffield and by 2016 is projected to reach 8.1 million, a further increase of 700,000 - equal to a city the size of Leeds. The driver of this unprecedented new social development is London's role as a world city, comparable only with New York and Tokyo in the scale of its involvement in world capital markets.

Finance and business services, with a growth of 550,000 jobs since 1993 alone, are at the heart of this expansion. This growth, and London's global role, makes it a focal point for dynamic sectors, such as the Creative Industries, in which 400,000 Londoners now work.
 

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potto said:
I certainly think that it would be viable and attractive from an urban environment view to have housing/retail between the Thames and St Pauls along that stretch... currently that area is depressing and it would also bring St Pauls out from beneath a mass of concrete
Agree 100%, it really is appalling down by the river in the city.

I'd have the whole City river front as low-rise mixed retail, resi, office with walkways all along and Upper/Lower Thames street ameliorated in some way.
 
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