Posts tagged L&Q
The UK Green Building Council (UKGBC) has announced the launch of a new project that will kick-start the Green Deal and creates new jobs.
Speaking alongside climate change minister Greg Barker at the Conservative Party conference in Birmingham, UKGBC’s chief executive Paul King welcomed the implementation of the scheme and outlined its potential for stimulating economic growth.
Mr King praised the Government’s commitment to the scheme, but warned that it needed adequate support to accelerate the level of uptake and implement its objectives.
He said: “The Green Deal still has the potential to be truly revolutionary in driving mass home retrofit. This new market could, if nurtured properly, create jobs, stimulate economic growth and protect consumers from ever-rising energy prices”.
Diana Montgomery, chief executive of the Construction Products Association, which is supporting the new project, said that despite the strong industry support for the Green Deal, more needed to be done to encourage households to take it up.
Dr Montgomery said: “Collaborating with the UK-GBC on this Green Deal Task Group project will help us to ensure that we can help Government effectively navigate the options they have available to them for capitalising on that opportunity.”
Incentives to be included:
- Stamp duty banding/rebates
- Council tax banding/rebates
- Energy efficiency feed in tariff
- Subsidised interest rates for Green Deal
- Low interest loans (outside Green Deal)/ Green mortgages (underwritten by Government)
- Lump sum grant/payment (cashback/vouchers)
- Progressively tightening minimum standards, inc. extending to owner-occupied sector
- Salary sacrifice (tax free scheme) through work/tax credits
- VAT cut extension to a wider range of measure
“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.
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.