Stories coming from our capital have occupied most of the property headlines this week, so HEKKTA sticks closer to home this week to see what’s going on in London.
London office work has begun a shift towards major office refurbishment projects, as the commercial property sector in the capital continues to defy Brexit, with construction of new offices at its highest level for three years.
A huge £3bn mixed-use scheme in Canada Water will recieve the final decision on planning in July, it has been announced. The 5.5 square metre project will bring hundreds of new homes, offices and community centres to the area.
Developer Landsec is to begin its three major projects in London this year, the new Piccadilly Circus scheme, on the building with the lights, the new Nova East building in Victoria, and the Sumner Street scheme on Southwark Bridge Road.
The BFI in Southbank has been given a new entrance by firm Carmody Groarke. The illuminated canopy under Waterloo Bridge was designed to draw people in to experience the restaurant, bar and cinemas.
“This transformation has revitalised the BFI’s identity, which has recessed in recent years, and increased the visibility of the BFI’s offer, proudly reconfirming its place as one of the national cultural institutions on the South Bank,” said the studio.
A huge 39-storey student block with a fragmented crystal facade has been given the green light, which is situated just next to The Shard. Designed by architecture giant Kohn Pedersen Fox, the 138m skyscraper will accomodate over 900 students for the city’s universities.
House prices are returning back to normal rates around the country, exclusing London, which continues to suffer.
The Telegraph have said that the ‘Global property boom is over’, with slow growth, rising risk and high prices to blame, with rock-bottom interest rates driving prices forward.
MIT’s Self-Assembly Lab is experimenting with growing islands and coastlines in the Maldives, by placing structures into the sea to utilise wave energy. This is another scheme from creative minds across the globe to try to combat loss of land through rising sea levels.
The new Green Deal NY proposed by de Blasio will not even exclude the president as the New York Mayor takes aim at Trump, “Your polluting buildings are part of the problem. Cut your emissions or pay the price.”. And that price would be $2.1m each year.
Zaha Hadid’s Al Wakrah Stadium has been completed, a venue for the Qatar 2022 Football World Cup. The 40,000 seater stadium located near Doha, was modelled upon the shape of the typical fishing boats called dhows that can be seen in the city’s harbour, although others pointed out it’s similarities to something else anatomical…
The government has been told not to delay the new property register aimed at preventing foreign organised crime laundering money through British property, after it’s estimated there is £90bn worth of dirty money being laundered on the market.
David Adjaye’s skyscraper under construction in New York has just topped out at 800 feet. The building is the Adjaye’s first residential project in the city situated in Lower Manhattan, and he has opted for a more traditional style of architecture, using concrete with a bronze facade exterior.
Landlords are set to confront the government after recent changes to the law, banning no-fault evictions and also preventing landlords from discriminating against benefits tenants.
Sekisui House, Japan’s biggest housebuilders, have just agreed a deal to move into the UK property market, promising thousands of new homes. The £90m deal with Homes England and Urban Splash is a good start in combating the housing crisis, and the firm are also pioneers of modern methods of construction and will bring their techniques to the UK.
The jewels of Trump’s property empire are reportedly in steep decline, with The Trump National Doral Miami and his Manhattan skyscraper both struggling financially.
Foster + Partners announce plans for a new mammoth new neighbourhood at a former golf course in the Silicon Valley. The Santa Clara area will be characterised by shaded streets and squares occupying 9.2 million square feet of land. Already an area of world famous innovation, the firm want to bring an sustainable, urban slant to the area.
Bjarke Ingels makes a surprise appearance in HBO hit TV show Game of Thrones, in one of the final episodes ever.