Developers are showing real faith in London’s commercial property sector, as the new London Bankside development gets the go-ahead, aswell as significant progress in the ‘Gotham City’ office development. Find out more inside HEKKTA’s Property Portal.

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The new London Bankside project along the River Thames has been given the go-ahead, as luxury property developer showed a vote of confidence in the capital. The £1bn development between Tate Modern and Blackfriars Bridge is to be a mixed-use development, with offices, apartments and also cultural additions to the already thriving area. It will eventually comprise 1.4 million square feet of new space, and the developer is also set to make a financial contribution of at least £65m to Southwark Council to deliver new affordable housing across the borough.

Alasdair Nicholls, chief executive of Native Land, said his firm has confidence in, “London as a world-leading city for the long term, irrespective of short-term political uncertainty, currency movements or conditions in other markets”.

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Following along the theme of the recently released blockbuster Joker, London’s ‘Gotham City’ offices have been given a start date, after a very long delay in proceedings. Another show of confidence in the capital, the £1.4bn Leadenhall office scheme will begin in 2020, and is set to achieve BREEAM Excellent Rating with carbon emissions 30% under regulation.

Tony Brown, global head of M&G Real Estate, provided his take on the recent upturn in the commercial sector, stating that Brexit uncertainty has in fact turned into a positive, as low prices make the market extremely attractive to interested investors.

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David Chipperfield Architects have been selected to design the vast new HQ for Rolex, on the New York’s iconic 5th Avenue. The 25 storey tower is set to be a staggered glass tower, designed to reflect the ‘values of the company’.

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The recent woes of office space provider WeWork is likely to put increased pressure upon London rent prices, as the new company occupies 6% of demand for office space in London.

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Fellow Italian architect Stefano Boeri has designed an elevated walkway to weave under Renzo Piano’s Genoa Bridge, the replacement for the Morandi Bridge that collapsed last year. The bold, red design is a stark contrast to the understated design of his fellow architect, using red steel as a reference to the “powerful local tradition of blast furnaces, cranes, and overhead cranes”.

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The Architecture and Design Film Festival (ADFF) New York is set to begin in the next couple of days, so here are five movies from the festival we urge you to watch.

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A bizarre, shipwreck tower on the outskirts of Prague is set become the Czech Republic’s tallest building, measuring at 135 metres. Unlike anything we have seen before, it comprises of a huge, shipwrecked boat crashing into an adjacent office tower. Accompanied by a rather dramatic video on climate change, designers Black n’ Arch and sculptor David Černý want the new building to serve as a reminder of climate change and the impending crisis. It certainly stands out!

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Dubrovnik is experiencing a major property boom thanks to a huge upsurge in tourism. With hit TV show Game of Thrones being filmed there, tourists are flocking in to see the historic city, causing an 100% rise in Airbnb rentals between 2015 and 2019. The number of people wanting to visit forced the government to step in to avoid overcrowding!

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Evictions are costing private renters £70m a year, as campaign group Generation Rent believe it should be the landlords that foot that bill.

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The new Swatch HQ in Switzerland has been completed, becoming one of the largest timber structures in the world. Covering a total length of 240 metres, the strange, snake-like design was conjured up by Shigeru Ban, situated in the town of Biel.

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It appears the super-rich are turning to renting rather than buying, as Brexit uncertainty is forcing people to hold their cards. Demand for lettings of 5,000 plus a week has hit a seven-year high, which is also affecting lower cost lettings in the capital.

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A study was conducted assessing 41,500 First Time Buyers using reallymoving for home move services over the last year, and the findings concluded that first time buyers using Help to Buy actually pay 10% more than those not using the service. This comes amidst loud voices aiming to scrap the scheme.

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The next Heatherwick project in the pipeline for the Big Apple has just announced it’s title; Lantern House. New renderings reveal the bulging windows which point towards it’s name, with the pictures also showcasing the unreal views from top floor apartments. Situated on the High Line in Manhattan’s Chelsea neighbourhood, the new development comprises of two towers of differing heights, either side of the High Line.