Posts tagged London
Britain’s Olympics has delivered a £2.5 billion boost in foreign direct investment (FDI) over the past year, bringing with it more than 31,000 jobs, according to preliminary figures published today.
The investment projects generated following the 2012 Olympics’ British Business Embassy programme of global business summits have helped ensure that the UK has again retained its position as the leading European destination for foreign direct investment.
The preliminary data published today at the Global Investment Conference shows that during 2012-13, UK Trade & Investment (UKTI) recorded 1,462 projects which brought with them or safeguarded 163,489 jobs. Of these 58,170 are new jobs – beating both the quantity of investment attracted and employment secured in the previous year.
The Prime Minister, David Cameron joined other high profile delegates from 40 countries at the Global Investment Conference, including the German and Canadian finance Ministers, Managing Director of the International Monetary Fund Christine Lagarde, global chief executive officers, sovereign wealth funds representatives and corporate investors.
Senior Ministers Chancellor George Osborne, Energy Secretary Ed Davey, Trade Minister Lord Green, Treasury Ministers Greg Clark and Lord Deighton and London Mayor Boris Johnson also spoke to delegates about the UK’s compelling offer as both a hub for global growth and an international investment destination.
Trade and Investment Minister Lord Green said: “Foreign investment creates hundreds of thousands of jobs and helps to increase the productivity and competitiveness of the UK economy. It’s a vital strand of the Government’s plan for growth.
“The 2012 Olympics were a once in a generation opportunity for the UK to showcase to the world Britain’s compelling investment offer and these preliminary figures are very encouraging. Despite strong competition from our traditional competitors and emerging economies, Britain has retained its position as the leading destination for foreign direct investment in Europe.
“To retain the UK’s enviable position as one of the most attractive global locations of choice, Britain will need to continue to work hard to attract high value foreign investment in the coming year and beyond.“
The preliminary data published today compares favourably with last year’s 1406 recorded projects (4% increase) and 112,659 jobs (45% increase). Of the 163,489 jobs, 58,170 are new jobs and 105,319 safeguarded jobs. UKTI and its partners were involved in delivering nearly 84% of the projects. Full results will be published in July.
A consortium led by SITA UK, a subsidiary of Suez Environment, has been selected as preferred bidder for a resource recovery contract worth over £900 million over 25 years with the West London Waste Authority.
The contract is to manage up to 300,000 tonnes of residual household waste each year from the West London Boroughs of Brent, Ealing, Harrow, Hillingdon, Hounslow and Richmond-upon-Thames.
The new rail-linked energy-from-waste facility, which will be called the Severnside Energy Recovery Centre (SERC) is set to create new jobs and boost the trades.
The waste collected from over 1.4 million residents will be managed in a new energy-from-waste facility in Severnside, South Gloucestershire and transported by rail from West London.
Compared to the current waste treatment this will save over 83,000 tonnes of CO2 emissions each year, which is more than two million tonnes over the duration of the contract.
This facility will produce enough electricity to power the equivalent of approximately 50,000 homes and could also supply hot water to local businesses, further improving its environmental performance.
The total capital investment in the new facility is over £240 million. A total of 53 permanent jobs will be created at SERC with around 200 jobs being created during its construction.
David Palmer-Jones, Chief Executive Officer of SITA UK, said: “We are delighted to be named preferred bidder for this major waste management contract in West London. It is great news for the six boroughs and their residents, knowing that their waste materials will be used to produce energy and avoid landfill.
“Contracts like this make the circular economy a reality and show that environmentally sustainable solutions offer nothing other than business sense – extracting energy and employment from materials which too often are treated as waste.”
The first phase of HS2 alone, from London to the West Midlands, is expected to support about 40,000 jobs, figures which do not include broader employment growth supported by the new line and the use of released capacity on existing routes.
HS2 Ltd Chief Executive Alison Munro said: “HS2 will be an engine for growth that supports the creation of thousands of jobs for Londoners, provides extra space on the existing lines for more commuter services, and improved connectivity with our great northern cities.”
The new plans for Euston, developed partly in response to concerns from the community about the potential disruption caused by the redevelopment would lead to less disruption for passengers as the station could continue to operate mostly as normal rather than having to move services from old platforms to new ones while platforms are being progressively demolished and rebuilt.
Ms Munro commented: “Community concerns have been raised about the potential disruption caused by the redevelopment of Euston Station.
“Following more work done by our engineers to find the best way to deliver best value for taxpayers, we have identified an option that we believe delivers great opportunities for the area while minimising the potential effects on local communities in Camden and on passengers.”
The new proposals would see the station revitalised for passengers and with potential for new homes, offices and shops above. Completing construction by 2026 will unlock the line-wide benefits for local residents and businesses.
The revised proposal features:
- Potential opportunities for over-station development – with the possibility of being used for future homes, open space and businesses.
- The capacity needed for high speed and conventional trains
- New platforms and facilities for the high-speed trains
- New, improved facilities for all passengers in a redeveloped, integrated station with a new, combined concourse and façade
- Better connections with the Underground, including a new Underground ticket hall
- A sub-surface pedestrian link between Euston and Euston Square Tube
- East-west pedestrian routes across the station, helping to link communities on either side of the station.
Housing Minister Mark Prisk announced today that up to 10,000 new homes could be built by 2015 that will create new jobs and boost the trades.
The minister announced the first 45 projects to be taken forward using the £1 billion Build to Rent Fund which will provide equity finance to house builders and developers.
Mr Prisk said that the innovative new projects, a quarter of which are for London, will be the first step toward creating a more balanced rental market, driven by quality instead of demand.
The Build to Rent Fund is designed to help developers invest in homes built specifically for private rent by reducing the up-front risk in a relatively untested market.
A first round of projects will now receive a share of £700 million government investment package, with a second round of bids for the remaining fund expected to open later this year.
Projects going forward in this round have the potential to deliver between 8,000 and 10,000 homes, and include:
- Genesis Housing Association, with plans for new rental homes around London
- Place First, along with Together Housing Group, who will be building across Northern England
- Crest Nicholson, who intend to bring a significant number of homes to market over many sites across the country
Mr Prisk said that the varied mix of developers, from brand new organisations and small housing providers to long-established developers, will bring new blood into a market currently dominated by small-scale buy-to-let landlords, and will help to give tenants more choice when choosing a home in the future.
Housing Minister Mark Prisk said: “This government is determined to get Britain building, and the Build to Rent Fund is set to help us deliver, with up to 10,000 new homes to be built from these projects.
“We’ve seen overwhelming demand for the fund, and it’s become clear that there’s a real appetite for rental investment. We want to support that, which is why we’ve made a £1 billion Budget boost to the fund.
“Now, these new projects will help us map this almost uncharted market, bringing in new blood to improve rental quality and choice, and building the new homes that this country wants and needs.”
What is your reaction to the new £1bn build-to-rent fund that will deliver 10,000 new homes and boost the trades? Share your thoughts by commenting here or raise your voice on our Facebook and Twitter pages.
Costain has been awarded a £300 million contract to design, fit-out and commission the railway systems in Crossrail’s tunnel network that will create new jobs and boost the trades.
Under the contract, the engineering solutions provider will design and install track, overhead lines and mechanical and electrical equipment to fit out the 21km of twin tunnels currently being bored under the streets of London.
Design work will commence immediately, with the fit-out works starting in 2014, and will be carried out within the entire tunnelled and surface sections of the Crossrail route between Royal Oak, Pudding Mill Lane and Plumstead Portals.
Costain has also announced that in Joint Venture with Alstom it has been awarded the £15 million contract for the design, construction and commissioning of the system that will provide traction power for the trains in the central tunnelled section of the Crossrail scheme.
Work will involve the construction of several auto–transformer stations and a feeder station site at Pudding Mill Lane to provide a 25 kV supply to the overhead line equipment that will power the new Crossrail trains. Costain is also constructing for National Grid the new cable tunnels to provide power to the other Crossrail feeder station at Kensal Green.
Crossrail will open in 2018. The Crossrail route will pass through 37 stations and will increase London’s rail-based transport network capacity by 10 per cent. An estimated 200 million people will travel on Crossrail each year.
Andrew Wyllie, Chief Executive of Costain, said: “The Crossrail scheme is providing a much-needed solution to upgrading a key part of the nation’s travel infrastructure.
“We are delighted to have been awarded these contracts, which follow on from other Crossrail projects we are involved in, including the construction of the Bond Street and Paddington stations and works at Eleanor Street and Mile End Park.
“We believe these further wins demonstrate the successful implementation of our ‘Choosing Costain’ strategy in which we focus group-wide resources on meeting the developing requirements of major blue chip customers.”
Mansell has been selected for a £12 million seven-storey student accommodation building on London’s Euston road that will pave the way for new trade jobs
The scheme involves demolition of part of the existing building behind a retained façade and construction of a 171-bed accommodation block along with associated external works, services, lifts and ancillary areas.
Once complete, the building will be certified with a BREEAM ‘Very Good’ rating.
Construction of the seven-storey project at Bentley House will be completed in time for the 2014 student intake, boosting the trades and people in the building construction industry.
To protect the architectural heritage of the building, bricks removed during demolition will be salvaged, cleaned and reused where possible, with new material matched to the original as closely as possible.
Situated within close proximity to an area of high pedestrian footfall and heavy traffic, sensitive demolition techniques and sophisticated logistics planning will be used throughout the duration of the contract to avoid disruption.
An innovative piling solution, which will complete prior to the start of demolition works, will facilitate the seamless transition between an old and new sub-station.
The first step has been taken to allow the redevelopment of the 14.57 acre Harmsworth Quays printing works site in Canada Water, South East London, to go ahead.
The decision is a key milestone for the development which has the potential to deliver significant improvements to the local area and create new trade jobs.
Cllr Fiona Colley, Cabinet Member for Regeneration at Southwark Council, said: “In addition to new homes, the redevelopment of Harmsworth Quays has the potential to deliver the town centre and jobs that Rotherhithe really needs.”
British Land will now begin working up proposals in consultation with Southwark Council and the local community to realise the full potential of this important site. Vacant possession of the site will be available later this year following the relocation of DMGT’s printing operations to Thurrock.
Southwark Council, which is currently developing policy to guide the redevelopment, will be adopting a preferred option of its Area Action Plan in May for consultation. This will emphasise the council’s and community’s vision to create a mixed-use town centre at Canada Water.
Both Southwark Council and British Land have committed to exploring the potential to create a new campus for Kings College as part of the scheme, to complement their proposals for the adjoining site at the Mulberry Business Park.
Nigel Webb, Head of Development for British Land, said: “We are delighted that the London Borough of Southwark has agreed the assignment for Harmsworth Quays. We can now begin the process of working with the local community, the London Borough of Southwark and other key stakeholders to bring forward a new, mixed use development in the heart of Canada Water.”
Peterborough City Council has approved plans for building 5,300 new homes as part of the Great Haddon development which is set to create thousands of jobs in the construction industry.
Peterborough Planning and Environmental Protection Committee has backed plans to build three primary schools, one secondary school and some 5,300 new homes alongside the 390 hectare site in the south west of Peterborough
The scheme is expected to create 24,600 new jobs in the next 8 years whilst delivering wider economic growth to the Peterborough area and boosting the trades.
The project has been included in the government’s London-Stansted-Cambridge-Peterborough growth area to help meet the UK’s housing shortage and generate economic growth.
The Committee has asked the Consortium to work up further details for certain aspects of the scheme, such as the design of the Yaxley ‘Loop Road’ and the timing of provision of community facilities, to ensure that those aspects of the scheme are fully scrutinised prior to implementation of the consent.
The applicants’ team will be working these details up over the coming weeks prior to a report being presented back to Committee.
Lucia Serluca, the chairman of the planning committee, said it was essential that good and efficient infrastructure is built before people started moving in to the new homes.
“Let’s not just build the houses and forget about everything else,” she said.
“We need to build the houses in conjunction with the educational centre, the retail centre, to make sure the amenities that those residents will have, they have as soon as they live on the development.”
The 1.5 million sq ft residential-led development is based on the former Diary Crest site and is expected to create thousands of jobs in the construction industry and boost the trades.
Current plans include demolition of all existing buildings on the site and providing up to 1,150 new homes, business space, local retail and associated services, leisure and a range of community facilities comprising a multi-purpose community building incorporating basement and service level car parking.
The scheme will also see the building of an Urban Square, a public Central Garden Square with communal and private space available on site.
Development Director at Helical Bar, Matthew Bonning-Snook, said: “We are extremely excited about our proposals for Brickfields.
“The Eric Parry design code for the masterplan uses a predominantly natural palette of brick and stone to create sustainable and attractive buildings which, alongside the public realm and amenities, will form a genuine new London community.”
The brick-built homes will be a mixture of affordable, shared and private ownership. The developer and partner Aviva Investors also plan to build 150,000 sq ft of offices, retail and community facilities.
The site is part of the Mayor of London’s and Hammersmith and Fulham’s White City Opportunity Area, set to deliver thousands of new homes and jobs for the capital.
What is your reaction to the new residential development at White City that will see the building of new homes and boost employment in the trades? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
A planning application has been submitted to Camden Council for striking residential scheme comprising 22 one, two and three bedroom apartments at Fisher Street in central London.
The scheme has been designed in consultation with the London Borough of Camden and English Heritage. The plans will incorporate the ground floor Crossrail shaft while creating a unique exterior that offers different views of the building from each angle.
The project is Crossrail’s latest over-site development submitted for planning consent. Another 3 million square feet of office, retail and residential space is planned above new Crossrail stations and sites in London with planning consent secured for nearly 1 million sq ft of development so far.
These developments will help create new business space, jobs and new homes for Londoners on top of the world-class new transport links Crossrail is delivering.
Crossrail’s Land and Property Director, Ian Lindsay, said: “Not only is Crossrail delivering world-class new transport links, it is creating high-quality new development opportunities throughout the capital.
“The Fisher Street plans offer a striking piece of architecture for a unique opportunity to deliver new residential space in a prime central London location.
“This is one of a number of commercial opportunities in the pipeline and we are continuing to seek new development partners to help us deliver a range of future schemes.”
Construction work on the Fisher Street shaft is already well underway and is expected to be completed in 2015.
The Mayor of London, Boris Johnson, has secured a £100 million government investment for housing providers to help boost affordable housing in the capital.
The new investment secured by Mayor Johnson forms the latest part of his pledge to safeguard London’s affordable housing market and create new jobs in the construction industry.
By improving housing options of Londoners, Boris Johnson is providing a real boost for building professionals and people working in the trades.
Today’s investment represents an additional funding to the first £100 million Housing Covenant announced by the Mayor in September. The scheme will target housing providers who commit to starting construction on site by March 2015 at the latest.
Mayor Boris Johnson said: “This latest tranche of cash is another fantastic opportunity for housing providers in the capital to deliver the homes that this city desperately needs.
“Whether it’s for affordable homes to own, or to make better use of properties that lie empty or under-used, the fund will help working Londoners across the capital and create valuable jobs in construction.”
The Mayor, who has overseen the release of 100 hectares of Greater London Authority land since he assumed his new housing powers, announced last month that funding allocations for the first part of his Housing Covenant would deliver more than 3,000 homes and support around 6,000 construction jobs.
Developers, local authorities, charities and private organisations are all invited to bid for funding, which will be used to deliver affordable homes to own.
The Mayor also wants to hear from organisations committed to bringing empty properties or under-used commercial units back into use as affordable homes or to help London boroughs tackle homelessness. Organisations interested in submitting bids in London will need to do so by April 30. The funding prospectus for this round of funding can be accessed from here.
Construction work on site is set to start in summer 2013, paving the way for new trade jobs and boosting the building construction industry.
Peninsula Riverside forms part of a multi-billion master plan which will deliver 10,000 new homes to transform Greenwich Peninsula into London’s most exciting riverside community.
Max James, Chief Executive of Quintain said: “We are delighted that the Royal Borough of Greenwich has granted detailed planning consent for 506 homes at Peninsula Riverside.
This decision paves the way for construction work to start on site this summer delivering new jobs and homes; a positive step in transforming the vision for Greenwich Peninsula into reality.”
The 190 acre scheme has been given an outline planning consent by the Royal Borough of Greenwich. It will see the building of residentially led mixed-use development scheme with new homes spread across four quarters and a commercial district, including a 40-acre park.
Anthony Gill, Development Director for Greenwich Peninsula said: “The Peninsula Riverside development will continue the unstoppable momentum East London has enjoyed since the Olympic Games.
“The combination of affordable riverside living, just one tube stop from Canary Wharf and within 15 minutes’ reach of the West End, ensures Peninsula Riverside will become one of the most exciting new housing schemes in London.”
Richard Blakeway, Deputy Mayor for Housing, Land and Property, said: “Greenwich Peninsula, with its potential to deliver thousands of homes, including a large proportion of affordable housing, and jobs, is exactly the kind of development we want to see moving forward in London helping to boost the economy and accelerate the number of homes being built on GLA public land.”
The £18 million scheme also includes the construction of new state-of-the-art cookery school making Waitrose the only UK supermarket to have such facility on site.
Applications approval and listed building consent are likely to be submitted in May this year. Construction is anticipated to start in late 2013 with the shop and cook school due to open at King’s Cross in spring 2015.
The goods shed was originally built in 1850 by the Great Northern Railway as the temporary Maiden Lane passenger railway station while the original King’s Cross station was under construction.
Waitrose Managing Director, Mark Price, said: “We’re delighted to be part of the continuing regeneration of King’s Cross and are looking forward to creating up to 170 new jobs and building on the success of our school in Finchley Road.
“We always believe that, as a food retailer, we have responsibility to help educate and inspire people not only when it comes to their weekly shop but also when it comes to creating and enjoying good food. It’s fantastic to give even more people the opportunity to develop their culinary skills.”
The new supermarket will be in close proximity to superb public transport connections, being five minutes from King’s Cross and St Pancras mainline stations, as well as being surrounded by new and existing homes, offices, schools, community facilities and public spaces at King’s Cross creating an excellent customer catchment on the doorstep.
Richard Meier, Partner at Argent said: “It is fantastic to have a quality brand like Waitrose sign up at King’s Cross. We are creating a truly mixed-use development and this supermarket will become an everyday attraction both for the residents, students, workers and visitors already on site, as well as the wider local community.”
Work is due to start for the building of 288 new homes in Croydon after Legal & General received planning permission to transform Nestlé’s former Croydon headquarters into flats.
The financial investment company was given planning permission for the St George’s House scheme in Croydon that will create new jobs and boost the trades.
Jason Perry, cabinet member for planning, regeneration and transport, said: “This exciting plan matches the council’s vision for transforming the town centre into a place to live as well as to work, shop and socialise.
“It’s a significant leap forward in the council’s strategy for regenerating the town centre, refreshing its 1960s streetscape and boosting the economic growth of the borough.”
Charlie Walker, director at Legal & General Property, said: “Last night’s decision marks an important step forward for Croydon and is a strong testament to the hard work we have put in over the past year to ensuring our proposals not only complement the existing qualities of the borough but contribute to its wider regeneration, enhancing its position as a desirable residential location.
“We believe that not only will this scheme deliver much needed high quality residential accommodation to the very centre of town, but should bring a new lease of life to the area by significantly improving the public realm, creating a more accessible and attractive civic space for residents and visitors to enjoy.”
Legal & Generals plans include community and retail space at ground level and a roof top garden area that will be environmentally sustainable.
There will also be 160 car parking and 313 secure cycle spaces and a café on the corner of Park Street and Park Lane.
The planning committee granted permission to the scheme less than seven months after being presented with the pre-application enquiry.
Property developer Stanhope has outlined plans for BBC’s iconic Television Centre in White City that could see the building of 1,000 new homes.
Stanhope and the BBC have launched their vision to transform the Television Centre in West London that will be turned into office and studio space for the BBC, modern housing, complementary entertainment, leisure facilities and a hotel.
Listed buildings are to be retained, while the “inner ring” of the TV Centre will be converted into new apartments that will create new trade jobs as well as boost the construction industry.
David Camp, chief executive of Stanhope Plc, said: “Stanhope is working in partnership with the BBC to deliver a publicly accessible mixed use remodelling of these iconic buildings and redevelopment of the adjoining land.
“We will be introducing a vibrant and exciting mix of new retail, leisure, office and residential uses whilst keeping and enhancing the famous original BBC buildings and retaining key operational BBC studio and office facilities on site.”
- The listed buildings and the remodelled forecourt, frontage and elevation of Television Centre from Wood Lane will be retained
- The ‘inner ring’ of Television Centre will be refurbished to provide space for a hotel and residential apartments
- The current ‘Stage 4 and 5′ buildings will also be refurbished to provide speculative office space, targeted at being a new media or creative hub for businesses in the area
- The ‘Drama Block’, ‘Restaurant Block’ and Multi Storey Car Park on Wood Lane will be replaced with new residential buildings and townhouses and the ‘East Tower’ will be replaced with a more slender and appropriately positioned residential building
- A ‘Village Green’ of town houses for families with private rear gardens will be created to the south of the site
- There will be approximately 1,000 new residential units and townhouses in total, including affordable housing
- RIBA award winning practice Allford Hall Monaghan Morris are Stanhope’s lead architects on the project, supported by Macreanor Lavington and Duggan Morris
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High Speed Two Ltd (HS2), the company planning and building Britain’s high-speed rail network is going to recruit local property management companies along the route between London and Leeds to boost the trades and create new jobs.
HS2 is seeking expressions of interest to provide both local as well as wider national expertise in valuation services; estate services; property management and in both urban regeneration and commercial development.
The aim of this is to spread the economic benefits of planning and building the new railway across the country from the earliest opportunity and boost the economy.
Local firms will be able to add to HS2’s knowledge and provide focused local expertise about the area in which they are based and boost confidence among local people.
Commenting, HS2 Ltd.’s Head of Land & Property, Liz Hirst, said: “We are looking for firms with local and national expertise who can help us with property management, surveying, valuation, development and regeneration services.
“We want to create opportunities for local and small business contractors and we are interested in learning more about both large and small companies with the skills that will be needed on HS2.”
An Official Journal of the European Union contract notice has been published inviting expressions of interest for the HS2 Ltd Land and Property Professional Services Framework.
Lend Lease, the integrated property and Infrastructure Company, will work with the Council to deliver a masterplan that will see the creation of one of the largest new housing developments in London.
By 2025, the scheme is expected to deliver 2,500 new homes, shops, restaurants and community facilities, paving the way for over 6,000 new jobs in the construction industry.
Mark Dickinson, Managing Director of Lend Lease’s Development business in EMEA, said: “The £1.5bn regeneration of Elephant & Castle is now underway.
“The approval of our masterplan vision sets in motion our long-term plans and our commitment to the area. We’ve set out our blueprint for the future but there is a lot of detailed work to undertake and we’ll continue working with the community at every step.
“At the heart of everything we do is the desire to create a sustainable place to live. A truly sustainable environment needs to bring economic benefits, support business growth and local job creation.”
The new neighbourhood will be a low carbon energy development and the masterplan is currently one of just 18 global projects to be accepted as part of the Clinton Climate Positive Development Programme, designed to showcase and support large-scale urban projects that are ‘climate positive’.
There will also be significant improvements and investment in public transport, along with new pedestrian and cycle paths that will create one of the best connected locations in London.
Chancellor Peter John, Leader of Southwark Council, said: “We now have the opportunity, working with local people and our partners Lend Lease, to continue the transformation of the area as a place where people want to live, work, shop and relax.
“The regeneration of Elephant & Castle will take time, but this announcement, and the starting of work on a brand new leisure centre, are all crucial steps towards a greener, safer and more attractive place in central London that people will be proud to call their home.
“It is so exciting to see this vital project gain momentum so that people will finally begin to see those much needed improvements being made on the ground.”
United House is set to build 327 homes in a £58 million mixed-use residential scheme in Islington, paving the way for new jobs in the trades.
The canal-side scheme will comprise a mixture of private sale, shared ownership and social rent homes.
The apartments will be built in four blocks from seven to ten storeys tall with rooftop play areas and terraces and including almost 6,000 sq ft of commercial space.
The double storey basement to be built beneath the scheme is between listed buildings and within a conservation area.
John Cridland, the CBI director-general, has urged the government to invest £1.5 billion into major infrastructure projects that will boost the economy and create new jobs.
The CBI says that the government should back the construction sector, by introducing measures including investment tax breaks, and business rate reductions.
Such measures will encourage further financial investments and pave the way for more employment opportunities in the trades.
But the CBI chief also called for a focus on projects such as the Thames Tideway “super sewer” tunnel in London and the Hinkley Point nuclear power station in Somerset to give the economy an ‘Olympic-style shot’ in the arm.
“We need an industrial Olympics, with big schemes which can make a real difference,” Mr Cridland told the Evening Standard.
And in the Guardian he is quoted as saying: “Kennedy said at the start of the 60s that America would put a man on the moon by the end of the decade and it did, even though sadly Kennedy was not around to see it. We need the sense that we are just going to do these projects.”
Mr Cridland highlighted the need for improvements in the UK’s rail and road networks that are vital for strong economy and future growth.
Contractors are being invited to tender for a framework to revamp police stations and buildings across London and the Home Counties worth up to £220m.
An OJEU notice has been published for the three-year deal which will see up to 12 contractors win a place to work for the Mayors’ Office for Policing and Crime.
The framework will be split into two lots – general works and M&E works.
Contracts will be awarded across Cambridgeshire, Bedfordshire, Hertfordshire, Kent, Essex, Surrey, Thames Valley and the Transport for London region.
Firms should register their interest by November 26 with Mayors’ Office for Policing and Crime (MOPAC) c/o Metropolitan Police Service Property, 11th Floor, Empress State, Empress Approach, Lillie Road, West Brompton Mr Richard Davies Mr Richard Davies SW6 1TR London UNITED KINGDOM +44 2071611503 firstname.lastname@example.org
The announcement comes after the Prime Minister, David Cameron, visited the site and showed his support for the project in an attempt to prevent planning levy for local infrastructure being double-charged and cut red tape.
David Cameron said: “Already the changes we are making to the planning system are having an impact, with Land Securities giving the go-ahead to a major multi-million pound investment, supporting thousands of jobs in our construction industry.”
The scheme is designed by Lynch Architects and it comprises of two new buildings: The Zig Zag Building, a 190,000 sq ft office building over 14 floors with a staggered façade; and Kings Gate, a 12 storey residential building comprising 100 apartments.
Both buildings will provide a new and enhanced retail space with 45,000 sq ft of space, together with considerable improvements to the public realm benefitting the wider Victoria area. The buildings are planned to complete in summer 2015.
Robert Noel, Chief Executive of Land Securities said: “It is heartening to know that the Government has listened to the industry and acted to remove some of the uncertainty in the planning process.
“It enables us to progress with developing the former Kingsgate House site and continue to transform Victoria into a distinct and vibrant West End hub where people choose to live, work and visit.
“Our experience with our current developments demonstrates that Victoria is proving attractive to potential occupiers. This project will further add to its appeal.”
The scheme will also provide an affordable housing contribution of £11.6 million which will be directed towards the provision of affordable development in the Westminster area.
Plans to deliver a £17 million multi-use leisure centre for Queens Park residents in London have been given the go-ahead by Westminster City Council.
The scheme, which has cross value of £60 million, will see the building of 120 new homes developed by Regen on two sites within 0.6 miles of each other.
The new sport centre will be located on the existing Moberly site will be developed at no cost to the taxpayer. It will be funded by a private developer, Willmott Dixon, in exchange for building residential properties on both sites.
The Council is expected to benefit from uplift in sales values of the homes during construction which will create new jobs and boost the trades industry.
This type of land arrangement is set to become more widespread as councils look for innovative funding methods from private sector developers to unlock value and increase funds to build new facilities.
Westminster councillor and a deputy cabinet member for sport and the Olympics, Steve Summers, said: “Few councils are in the position of being able to build multi-million new sports facilities in the current financial climate.
“But together with Willmott Dixon, we look forward to working on proposals which will create a £17m sports centre for residents of Queen’s Park together with a smaller sports facility at the Jubilee site. This will all be done at absolutely no cost to the taxpayer, so represents incredible value for money.”
The new leisure facility will have a 25-metre swimming pool, eight court sports hall, health and fitness facility, exercise studios, a health spa plus boxing and gymnastics halls.
Andrew Telfer, CEO at Regen, said: “I am delighted to be working with Westminster City Council on this exciting and ground-breaking scheme.
“With both current leisure centres in need of modernisation, this solution provides a bigger, state-of-the-art property for the local community offering high quality sporting facilities for many generations to come along with much needed quality new homes.”
The plans will see the demolition of the London Fruit and Wool Exchange which will make the way for a six-storey building for office and retail use to be build.
The Mayor believes the site and its location are vital to the prosperity of this fast developing part of the capital and to London’s wider economy.
Mayor Johnson used powers granted to him in 2008 to support the application, which had previously been refused planning permission by Tower Hamlets Council.
He said: “The historic London Fruit and Wool Exchange, in the heart of London’s East End, is a former commercial epicentre to which producers and buyers flocked from miles around to do business.
“These plans will not only restore the façade to its former glory, but regenerate the Spitalfields area with thousands of new jobs, and brand new commercial opportunities.
“It will also make a vital contribution to the wider London economy and have a significant impact not just on Tower Hamlets but on surrounding boroughs as well.
“I can find no reason to refuse permission and am of the firm view that this ambitious and important redevelopment should go ahead.”
HOLLYWOOD film giant Paramount has unveiled £2 billion proposals to build one of Europe’s largest theme parks in Swanscombe.
Planning to create 27,000 jobs, the 872-acre development planned for the Swanscombe Peninsula is bigger than the Olympic Park.
At the core of the development will be a Paramount-branded entertainment resort, boasting attractions including Europe’s largest indoor water park.
Theatres, live music venues, cinemas, restaurants and hotels are also planned to open in just six years time on the currently derelict brownfield site.
Top-secret talks have been held almost daily between developer London Resort Company Holdings (LRCH) and Dartford and Gravesham Councils during the past year.
Gravesham Council leader Councillor John Burden said: “This scheme is as imaginative as it is vast.
“It has the potential to re-energise the entire north Kent economy, wipe out unemployment at a stroke and resolve the long-standing regeneration issues surrounding this peninsula.
“It’s a landmark announcement which could transform the area at super-heroic speed.”
A new country park, the biggest performing arts centre in Europe and apartments for the site’s employees are also in the pipeline.
The developer says a study suggests the huge attraction will draw in thousands of tourists to the north Kent area annually, adding significantly to the economy.
LRCH project leader Tony Sefton said: “Our vision is to create a world class entertainment destination, the first of its kind in the UK.
“We’re at the start of a long journey, but have been encouraged by the support and buy-in we have had to date.
“We are particularly pleased with the appetite we are seeing from investors, who consider this a compelling investment proposition.”
Ebbsfleet International station is at the core of access plans for the site, while the M25, M20 and A20 will provide road access.
Source This Is London
South Essex College has signed a £33 million contract with Skanska which will see the building of a new 2,500 place student campus in Essex.
Construction of the scheme is set to start immediately with the new learning campus being ready to open in the summer of 2014.
Skanska will be responsible for the construction of three and four storey buildings covering around 150,000 sq ft. It has the target of achieving BREEAM excellent rating and the facility will incorporate rainwater harvesting, air source heat pumps and roof level PV installations.
The project is expected to create hundreds of new jobs in the construction sector.
The new college aims to boost local construction skills and will teach welding, brickwork, carpentry, engineering, mechanical, electrical and plumbing skills.
Following the completion of the new facility, Skanska will undertake landscaping and associated works which will include car parking, cycle storage and external landscaping.
Paul Heather, Managing Director of Skanska for London and the South East said: “We have successfully delivered a number of world-class education facilities across Essex in recent years and this has enabled to bring together a wealth of experience, skills and expertise to this project.
“The development of the new Thurrock Campus will provide excellent facilities for the students, teaching staff and the wider community and we are proud to be part of creating this key learning environment”.
House builders will have the chance to put their bids forward to deliver major building work which could boost the London economy by £2 billion and create new jobs in the construction industry.
According to the Mayor, injecting such significant investment in the housing market could contribute £1 billion worth of construction projects across the city.
The Mayor has said that all ‘reusable investment’ from this funding boost will be reinvested for the building of more affordable homes over the next decade.
Motor Johnson said “To improve the housing choices of those who work to make this city the fantastic place that it is, I am opening up the market, cutting red-tape and injecting £100million worth of investment to stimulate supply.
“The programme we are announcing will not just unlock the door to home ownership for thousands more Londoners, it will give a welcome shot in the arm for jobs in the capital’s construction industry and spur wider economic growth too.”
The first homes are expected to be available for sale in early 2013 with completions ranging up until March 2016.
The Royal Borough of Kensington and Chelsea granted yesterday a planning consent for the development which will see the building of a new school, state-of the-art leisure centre and hundreds of new homes.
Developer Leadbitter has been selected to deliver the scheme which will create new jobs in the construction industry and boost the trades.
Building of the leisure centre will run in parallel with the academy which will allow for both buildings to open together in 2014. The existing Kensington Leisure Centre is expected to close this December.
Leader of the Royal Borough of Kensington and Chelsea, Merrick Cockell, said: “This is a landmark day for the North Kensington community and represents our ongoing commitment to investing in great facilities for our residents.
“Despite the challenging economic climate we are proud to be able to build a new academy and leisure centre which are going to make a vital contribution to local life for decades to come.”
The Mayor of London Boris Johnson and Communities Secretary Erick Pickles have given final approval to a £320 million regeneration scheme in Harrow.
The project will turn the 40-acre strip of land, previously used by the camera company Kodak, and build 985 new homes, a primary school, medical centre as well as shops and offices.
Portfolio holder for regeneration at Hallow Council, Keith Ferry, said he was ‘delighted’ that the project, which was granted panning permission in June, had finally been approved by the Government, paving the way for building work to start in early 2014.
Mr Ferry said: “As a council we are determined to deliver on our promise to regenerate and build the most sustainable community in Harrow and to establish a thriving residential and commercial centre.”
Developer Land Securities estimates the project, which also includes a community centre, student accommodation, and a retirement home, will create up to 1,500 jobs in the construction industry.
Harrow Council said that this development is the biggest in the area and it forms part of the wider Heart of Harrow project, which seeks to create 3,000 new jobs and build 2,500 new homes.
What is your reaction to the multi-million development scheme which has been approved by the government? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Plans for a £26 million student centre at the University of Essex were given planning permission today, paving the way for building construction work.
The project, which is part of the University’s £200 million-plus capital investment programme, will improve facilities and create new jobs in the building engineering industry.
The University of Essex is now going to look for a contractor to complete the project by the end of 2014.
The state-of-the-art centre will provide a ‘one stop shop’ for a range of student services, putting accommodation, finance, registry and student support functions under one roof to enhance the student experience.
The centre will also be home to an integrated learning centre, new IT facilities, a state-of-the-art media centre and will offer a 24-hour reading room.
Richard Halsall, Deputy Director of the Capital Development Team, said: “We are looking forward to getting work underway on this project as it will improve facilities for our students and staff, and bring student services together more cohesively.”
The London Borough of Ealing has granted planning permission for the £579 million regeneration scheme in Acton Gardens that will build thousands of homes and pave the way for new jobs in the trades.
The regeneration of Ealing’s largest housing estate will develop an urban village with around 2,500 homes, half of which will be affordable, as well as tree-lined streets, parks, communal gardens, offices and retail space.
The developer, Acton Gardens LLP, is a joint venture between Countryside Properties and social housing landlord L&Q. It has established Acton Gardens Community Board in conjunction with local residents and stakeholders, to help manage the 15-year regeneration programme.
The new homes will be built to achieve a minimum Code for Sustainable Homes Level 4 offering low heating, power and water consumption. Non-domestic buildings are aspiring to achieve BREEAM ‘Excellent’.
David Montague, Chief Executive of L&Q, said: “Securing planning committee approval is a crucial milestone in the transformation of South Acton and we are extremely pleased to have been given the green light by our partners at the London Borough of Ealing.
“The consultation process with residents and local and regional stakeholders involved numerous public exhibitions, workshops with community groups and over 600 face to face interviews with residents.
“The results of this process can be seen in the quality of the design proposals which are very focused on delivering the aspirations of local people. The ground-breaking ‘Future Climate’ work at Acton Gardens will aid us in all our future projects.”
Currently there are 167 dwellings at Acton Gardens which are under construction with first completions expected in January 2013.
What is your reaction to multi-million regeneration scheme at Acton Gardens that will build new homes and create jobs? Share your thoughts by commenting here or raising your voice on our Facebookand Twitterpage.
The London Borough of Hammersmith and Fulham has today granted planning permission to Capital and Counties Properties to develop a new urban district including 7,500 new homes across four residential districts.
The Council have estimated that more than £1 billion worth of community benefits will be generated in the local area, creating 9,500 permanent jobs. It will also include 760 replacement council homes.
The scheme will also include the building of 1,500 affordable homes, offices, educational, cultural and community facilities as well as a new five acre green park.
Residents living on the estates would be offered the chance to build new skills in preparation for the thousands of employment opportunities which will be created.
Leader of Hammersmith and Fulham Council, Cllr Nicholas Botterill, said: “This major regeneration could lead the way in lifting the country out of recession – ploughing hundreds of millions of pounds worth of investment into London’s economy and bringing thousands of new homes and jobs.
Ian Hawksworth, Chief Executive of Capco welcomed the Council’s decision to grant a planning consent for the Earls Court Masterplan which work is expected to start next year.
He said: “The proposed scheme will offer a multi-billion pound investment in both London and the local community creating thousands of new homes and jobs.”
Trade Minister Lord Green and Olympic Ambassador Sebastian Coe vowed today to build on the success of the Olympics and Paralympic Games by working with industry to promote British skills around the world.
An Olympics Legacy programme of trade missions and companies in the building construction sector will build on the successful completion of the Olympic venue which is set to bring £13 billion to the UK in the coming months and years.
Olympics Legacy Ambassador to the Prime Minister, Sebastian Coe, said that the Olympic legacy which London 2012 left is ‘once-in-a-lifetime’ opportunity to showcase British business excellence to the world.
Coe, who is also a double Olympic Champion and 12-time world record holder in athletics, said: “The extraordinary success of the London 2012 Games has shown the best of Britain to the world and now our focus turns to securing a lasting legacy. We have already witnessed the incredible regeneration of east London, with world class facilities and a new urban park created.
“We now need to ensure that organisations up and down the country use the positive impact generated by the Games to reach out to new markets and grow their businesses.
“The British Business Embassy at Lancaster House has brought together business leaders from the UK and all over the world in a showcase of Britain’s industrial strengths and successes.”
Trade and Investment Minister, Lord Green, said that the Games have provided excellent chance to enhance Brittan’s business links with the rest of the world that will bring significant investment to the economy.
Mr Green said: “The British Business Embassy has hosted 4,000 business people from large and small firms alike. The connections they have made will deliver real economic dividends.
“We are now working hard, alongside firms around the country to follow up the contacts, networks, announcements and momentum created by the Games.”
You can listen to the full interview with Babatunde via AudioBoo at: www.audioboo.fm/train4tradeskills
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You can listen to the full interview with Danny via AudioBoo at: www.audioboo.fm/train4tradeskills
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“Post-Olympic Work to Create New Jobs in the Trades”
The London Legacy Development Corporation (LLDC) has appointed Britain’s second biggest homebuilder to build the first of the five new neighbourhoods on the Olympic Park.
Sitting between the Athletes’ Village and the Lee Valley VeloPark, the development of Chobham Manor will address the residential needs for larger homes, with more than 75% of the new homes offering family housing.
Eleven thousand new homes, schools, nurseries and shops are set to be built in the Olympic Park over the next 20 years after the London Games leave town.
Daniel Moylan, Chairman of the London Legacy Development Corporation, said:“Chobham Manor will set the tone for the high quality neighbourhoods we want to create across the Park with new schools, health centres and community spaces to support them.”
The Mayor of London, Boris Johnson, welcomed the announcement by emphasising the future benefits for local communities and the increasing accommodation needs in the city.
Mr Johnson said: “With the incredible energy of London 2012 captivating audiences across the world, the long-term legacy of the Olympic Park is quietly going from strength to strength.
“The development of Chobham Manor is major milestone and will help ensure a thriving community on the Park becomes a reality sooner rather than later.”
What are your reactions of the Olympic Games and the lasting legacy they will bring to London’s infrastructure? Do you welcome the Post-Olympic work which is set to deliver thousands of new homes for Londoners? Share the wider implications of the Games for you and your business by commenting here or raising your voice on our Facebook and Twitter page.
Speaking today at the largest trade and investment event ever held in Britain, Prime Minister David Cameron said that the £8 billion development of the Battersea Power Station in South West London will create 20, 000 jobs during its construction.
The mixed development will contain homes, office space, a hotel and retail space and will see the Northern Line extended with a new transportation hub at the Power Station site.
The Global Investment Conference, launched by the Prime Minister, is the first of a series of global business summits being held in London to showcase the UK during the Olympic and Paralympic Games. The event is expected to generate hundreds of thousands of new jobs for people in the trades.
The conference kicks off the largest and most ambitious set of trade events held in Britain. During the six weeks of the Games, the British Business Embassy will host 17 global business summits that will bring over £1 billion of deals and projects.
These events will allow more than 4,000 business leaders and politicians to exchange views and ideas, discuss local and international economic challenges as well as develop strong global partnerships for future growth and showcase the best of British business to the world.
Chancellor George Osborne said: “Britain has always been a country that is open to the world. In hosting the Olympic Games, we are showcasing that openness. As we welcome the world’s best athletes, we also welcome the world’s best companies – so that they can succeed, invest, and create jobs in Britain.”
Business Secretary Vince Cable said: “Tomorrow we welcome the world to London as the 2012 Olympic Games get underway. This summer is more than just a great sporting spectacle – it is an unrivalled opportunity to promote the best of British industry and make the most of our openness to foreign trade and investment.”
This month, the UN’s World Investment Report showed that the UK had retained its place as the number one destination in Europe for inward investment. The report showed that there were almost 60,000 new jobs created last year as a result of inward investment.
What is your reaction to the Global Investment Conference that could bring billions of pounds to the UK economy? How much of an impact will the Olympics have on your business? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
You can listen to the full interview with Aledore via AudioBoo at: www.audioboo.fm/train4tradeskills
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“Investment in Infrastructure Projects is Crucial for Economic Growth”
The Chancellor of the Exchequer, George Osborne, has unveiled a new UK Guarantees scheme to accelerate major infrastructure projects and create new jobs in the building engineering industry.
The new loan guarantees scheme will enable private sectors investors to benefit from more funding for big building projects which will generate jobs and help economic growth, the UK’s Economics and Finance Ministry said.
It follows two other significant announcements from last week in which the government committed a £9 billion investment package to improve railway networks across England and Wales; and Funding for Lending Scheme which will enable businesses across Britain to access more and cheaper loans.
The UK Guarantees scheme will kick start £40 billion worth of infrastructure projects which will pave the way for more employment opportunities in the trades. The first guarantees are expected to be awarded this autumn.
Under the scheme, the Government will ensure that where major infrastructure projects are struggling to access private finance because of adverse credit conditions, these projects can go ahead.
The Chief Secretary to the Treasury, Danny Alexander, who made the announcement with the Chancellor of the Exchequer last week, said:
“The measures we’re announcing today will help work get started on many important infrastructure projects and help our major exporters, providing lasting benefits for thousands of people and a significant boost to the economy.”
Chancellor George Osborne commented that the Government’s credentials with the International Monetary Fund, and other similar organisations, have helped millions of British families and businesses to keep down the cost of borrowing.
Mr Osborne added: “Now ‘UK Guarantees’ will use that hard-won fiscal credibility to provide public guarantees of up to £50bn of private investment in infrastructure and exports.”
What is your reaction to the UK Guarantees scheme which will accelerate the building of major infrastructure projects? Let us know what you think by commenting here or raising your voice on our Facebook and Twitter page.
You can listen to the full interview with Mick via AudioBoo at: www.audioboo.fm/train4tradeskills
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You can listen to the full interview with Mick via AudioBoo at: www.audioboo.fm/train4tradeskills
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Increased demand from first-time buyers coupled with the government’s increased investment in the housing market are driving new private housebuilding projects to grow by 40 per cent in the second quarter of 2012, resulting in more employment opportunities for people in the trades.
New data published by construction industry analyst Glenigan has revealed significant year-on-year growth in the underlying value of new private housing project starts in the first two quarters of 2012, compared to the same period in 2011.
Glenigan forecasts indicate that the underlying value of project starts will increase by 29% over 2012 providing further employment opportunities for builders and trade professionals, including electricians, plumbers and gas engineers.
Glenigan said the findings are giving a strong indication that confidence is returning to the private housebuilding market, paving the way for more jobs in the building construction industry.
Economics Director at Glenigan, Allan Wilén, said that despite weak economic conditions and a fragile banking sector, housing developers have seen an increased demand from first-time buyers and the government’s incentive schemes which have helped them to make a swift economic recovery.
Commenting on the sector’s future performance Mr Wilén said:“While the threat of an increase in interest rates and the end of the stamp duty holiday have stymied the market to a certain extent, we expect the sector to continue to grow through 2012 and 2013 as the wider economy begins to recover once more.”
The figures from Glenigan, compiled through comprehensive data collation and exhaustive research, reveal that London and the South East continue to dominate the market having accounted for almost a third of the value of all new private housing schemes starting on site in the first half of 2012.
Do you welcome the figures by an industry expert Glenigan indicating significant house-building activity in the second quarter of 2012? Let us know what the implications might be for you or your business by commenting here or raising your voice on our Facebook and Twitter page.
Barratt London and L&Q sign major partnership to redevelop Fulham Wharf
Barratt London have announced that, in partnership with L&Q, it has acquired an 8.5 acre site in Fulham from Sainsbury plc. The site, which is on the north bank of the Thames, has a gross development value of £420m with planning permission for 463 riverside apartments and a new Sainsbury’s supermarket.
This is the third major JV Barratt is undertaking in conjunction with L&Q in London which in total will supply more than 1,000 homes in the Capital. Fulham Wharf follows on from the 50/50 JVs at the Ashburton regeneration project adjacent to the Emirates stadium in North London, and the 27 story Alie Street project on the eastern edge of the City.
The Fulham site has been bought on an unconditional basis with planning permission. In addition to the supermarket and housing, it will include restaurants, cafes and bars, a crèche, a gym, landscaped gardens, a riverside walk and the use of a jetty to create an ecological area for riverside wildlife.
The development will be delivered in two phases with phase one comprising the construction of the new 9,395m2 supermarket for Sainsbury’s together with 267 residential units of which 52 will be shared ownership. The residential blocks wrap around the new supermarket as well as extending above the building and range from 2-17 storeys. Phase two comprises the demolition of the existing superstore and the construction of 196 units, including 14 social rented homes.
Alastair Baird, Regional Managing Director of Barratt London said: “We are delighted to have secured this high profile project on the west London water front. Barratt has a strong track record of delivering complex London schemes including Dalston Junction and Canada Water and this gave us a strong competitive advantage. Our London portfolio is expanding fast – we now have over 3,000 units under construction across the Capital in 17 boroughs providing homes ranging from £120,000 to £3.5m.”
Jerome Geoghegan, Group Director of Development and Sales at L&Q, said: “We are delighted to be working in partnership with Barratt London. We are now working together on three high profile sites that will deliver over 1000 new homes across the Capital.”
The scheme has been designed by Lifschutz Davidson Sandilands and construction is scheduled to start this month.
Barratt London is now working on 21 sites across London including Maple Quays at Canada Water, Queensland Road, Arsenal and the Court House in Westminster.
What is your reaction to the major regeneration projects which will pave the way for more employment opportunities for people in the building engineering sector? Let us know what you think by commenting here or raising your voice on our Facebook and Twitter page.
Building, Engineering and Construction work of the Olympic Park for London 2012 has raised the public profile of the industry, helping millions of people in Britain to appreciate the importance of civil engineering to society, a survey by a leading engineering body revealed today.
A new survey published by the Institution of Civil Engineers (ICE) showed that over half of the public (53%) no longer just think about bridges when they think of civil engineering in the light of the London 2012 Olympic Games.
Nearly half of the 2, 000 people who took part in the ComRes survey said they would consider civil engineering to be a ‘respected’ profession, alongside jobs such as lawyers and teachers.
More than 46,000 jobs have been created as a result of the London 2012 construction project. Post-Olympic work, taking place just after the closing ceremony next month, is expected to create thousands of extra new jobs.
The successful delivery of the £7-billion worth Olympic infrastructure has raised the public profile of civil engineers and people working in the trades.
45% of the people who participated in the survey say they would consider civil engineering to be a ‘respected’ profession, alongside jobs such as lawyers and teachers. Over a third (38%) of the participants said they would encourage their children to pursue a career in civil engineering.
ICE President Richard Coackley said: “Our day-to-day lives depend on the infrastructure around us that is designed, built and maintained by civil engineers – from roads, railways and bridges to energy, water and waste networks.
“It forms the backbone of society and the economy. But unfortunately it is often only when things go wrong that the work of civil engineers is thrust into the media spotlight.
“The London 2012 Games have changed this – showcasing and celebrating the work of these often ‘unsung heroes’ while at the same time helping the public understand more about what civil engineers do and what a diverse and exciting career it is.
“If anything could excite and inspire young people to pursue civil engineering as a career it’s the Olympic and Paralympic Games – a true feat of engineering in every sense.”
What’s your reaction to the survey by the ICE indicating a bright future for civil engineers and people in the building construction industry? Share your thoughts by commenting here or raising your voice on our Facebook page.
Leading property developers, Development Securities and the Cathedral Group, have confirmed today they have bought a 2.2-acre site in Greenwich town centre which will enable the development of a 350,000 sq. ft. mixed-use regeneration scheme, paving the way for new jobs in the building construction industry.
Following completed acquisition of the site for £16 million, both companies are now able to begin infrastructure work in order to prepare the land for the £110 million scheme which will include 25,000 sq. ft. mixed-use leisure and retail space.
From an earlier announcement it became clear that Development Securities has exchanged contracts for a £50 million residential element of the scheme with Willmott Dixon.
In addition, contracts for sale have been exchanged with McLaren at £8.3 million for the building of a 358-bed ‘student village’; the deal is expected to complete in August this year.
Chief Executive at Development Securities, Michael Marx, said: “This is a good example of the successful implementation of our strategy to create value by repositioning secondary or tertiary real estate into prime or near-prime development via the process of regeneration.”
If you are living in Greenwich, what’s your reaction on the substantial development which will transform the area? Share your thoughts about the future implications of the scheme by commenting here or raising your voice on our Facebook page.
LED (Light Emitting Diode) street lighting can generate to up to 85% energy savings, a new report by electronics giant Philips and the Climate Group found.
The results of a major two-and-half year study looking to improve energy efficiency in some of the world’s largest cities, including New York, London and Sydney, have indicated significant potential for the green economy by replacing traditional light bulbs with highly efficient LED technology.
Lighting is estimated to be responsible for nearly a fifth of global electricity use and around 6% of global greenhouse gas emissions. The report shows that LED lighting technologies could double lighting efficiency and have a climate impact equivalent to eliminating half the emissions of all electricity and heat production in the European Union.
Mark Kenber, CEO of the Climate Group said: “This report clearly highlights that LEDs are ready to be scaled-up in towns and cities across the globe. LED technology is energy efficient, scalable and positively impacts on the public; it is the Clean Revolution in action. We are now calling on Governments to remove policy obstacles and enable a rapid transition to low carbon lighting.”
It has been estimated the LEDs could save 670 million tons of greenhouse gas emissions every year. The report showed that citizens of pilot cities preferred LED lighting because of social and environmental benefits.
A recent reportby the International Labour Organization concluded that the green economy could create up to 60 million jobs; the Climate Group, Philips and partners who participated in the report are urging the government to improve LEDs in cities and make a green investment that will create millions of high-value jobs across the world.
What’s your reaction to the significant savings that could be made from LED street lighting? Would you consider replacing traditional light bulbs at your home with LED lighting to cut energy cost? Share your thoughts by leaving a comment below:
Wandsworth Council has granted planning permission to two major development schemes in London’s biggest regeneration zone, Nine Elms, which will see built almost 3,000 new homes.
The Nine Elms scheme will include replacing the existing 1970’s tower block on the corner of Warnsworth Road with two new 58 and 43-storey buildings, Wandsworth Council confirmed yesterday.
More than 1,000 new homes are currently under construction at the 195 hectares acres site in Nine Elms and another 12, 000 new homes are expected to come through the planning pipeline.
It has been estimated the building delivery programme at Nine Elms could support up to 24, 000 jobs in the building construction industry as well as contributing towards major infrastructure upgrades including the Northern Line Extension.
Wandsworth Council’s planning chairman Cllr Nick Cuff said: “We’re making tremendous progress in Nine Elms. Each new development will create new homes, new open spaces and new job opportunities for local people.
Commenting on the approved New Covent Garden Market scheme to modernise 40 years old market facilities in the area which could provide over 2, 000 new homes, Mr Cuff said: “The modernisation of New Covent Garden Market is designed to safeguard the future of 2,500 jobs and comes with a contribution of around £63 million towards the Northern Line Extension.
“One Nine Elms would see an outdated office block replaced with two glass towers and around half of the site would become a new public square lined with shops, cafes, bars and restaurants.”
Wandsworth and Lambeth Councils said they were securing apprenticeship places and local employment opportunities as a condition of each scheme’s planning consent.
Once the construction process is complete the new Nine Elms will provide an additional 25,000 new permanent jobs for London as well as 16,000 new homes.
Do you welcome the major developments in Nine Elms that will build new homes and create thousands of new jobs? Share your thoughts by leaving a comment here or raising your voice on our Facebook page.