HEKKTA’s Property Portal – London Olympia

Amongst the headlines this week is the news that London Olympia has been given the green light for a huge revamp of the event space, and property markets around the world appear to be struggling amidst political uncertainty.

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London Olympia is set to be completely transformed as plans for a £1bn revamp have been given the go ahead. Backed by European investment, architects Heatherwick Studio and SPPARC will be behind the design, which currently includes a 1,500-seat theatre, a 1,000-seat performing arts venue, two hotels and a four-screen cinema, aswell as office space and a logistics centre.

Chairman of YOO Capital John Hitchcox said: “Not only is this great news for London – it’s also an example of a British project with European investment creating jobs and opportunities in spite of the current economic and political climate.”

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The American Institute of Architects (AIA) have announced their 9 winners of the 2019 Honor Awards, which recognise the top architecture projects built last year in the USA. Winners include David Adjaye’s African American history museum, a preserved university building in Virginia, and BIG’s adaptive reuse of a second-world-war bunker.

 

Smithsonian National Museum of African American History and Culture - HEKKTA - London Olympia

Smithsonian National Museum of African American History and Culture – HEKKTA – London Olympia

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House price growth continues to stutter, nearing a six year low, and it is unlikely this will improve until the UK comes to an agreement over Brexit with the EU.

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Ensuring they achieve maximum satisfaction with their design among the consumers, MVRDV are consulting with the community, allowing them to have the final decision on the design of their mixed-use complex in Kiel, Germany.

KoolKiel - HEKKTA - London Olympia

KoolKiel – HEKKTA – London Olympia

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Brexit shockwaves appear to be spreading through Europe aswell as Italy falls back into recession with the Italian economy shrinking by 0.2% in the last quarter.

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Snøhetta have completed a new crystal workshop for Swarovski, which “sets a new standard for inclusive fabrication facilities,” said Kjetil Trædal Thorsen, founding partner of Snøhetta.

Swarovski Manufaktur - HEKKTA - London Olympia

Swarovski Manufaktur – HEKKTA – London Olympia

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Underfunded and underdeveloped social housing has led to serious overcrowding, with levels reaching the highest since records began with more than 300,000 households in England squeezed into too few rooms.

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Watch this short clip of the amazing Mercedez-Benz stadium roof, this year’s host of the Superbowl, which closes like a camera aperture.

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The US housing market is struggling at the moment, with property price growth slowing in more than half of the US’ biggest markets, including Seattle and San Jose. The fall has come after a period of rapid growth in 2017, with the two markets experiencing a 12.4% in 2017, but suffering a 5% fall in 2018.

Skylar Olsen, Zillow director of economic research, gives his take on the climate, “Employment growth continues, but that kind of extreme home value growth isn’t sustainable, and home buyers’ willingness and ability to outbid each other is falling back fast. We expect continued slowdowns in those expensive coastal markets. A three month trend in increasing inventory ended, telling buyers that the pendulum hasn’t fully swung in their favour for this year’s home shopping season”, he added.

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SOM have completed a stunning public library in Chicago’s West Loop area, converting old industrial buildings into a sleek, new design which nods to the old usage whilst modernising and advancing the design.

West Loop Branch Library - HEKKTA - London Olympia

West Loop Branch Library – HEKKTA – London Olympia

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Principal of Zaha Hadid Architects (ZHA), Patrik Schumacher, says that we should “Be more positive and less paranoid” about technology, as new Artifical Intelligence can to help customise mass-produced housing, which would eventually make it cheaper.

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Volvo have installed a seawall along the harbour in Sydney improve the water quality in the area and stimulate biodiversity growth. The hexagonal tiles were created to mimic the roots of mangrove trees, which are popular habitats for marine wildlife. Could these be an effective way to improve the pollution problem in our seas?

Living Seawall - HEKKTA - London Olympia

Living Seawall – HEKKTA – London Olympia

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A beautiful visitor centre in Lepe Country Park on the coast in Hampshire has been completed, and the design was thought up to shelter it from the “beautiful and brutal” elements and rising sea levels. Designed by Hampshire County Council’s Property Services, the Lookout’s simple yet effective structure replaced the former centre, which was threatened by the sea level.

The Lookout - HEKKTA - London Olympia

The Lookout – HEKKTA – London Olympia

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A museum dedicated to the history of Troy has been completed in Turkey by Yalin Mimarlik. Designed to resemble an “excavated artefact”, the “Museum of Troy is honouring this heritage and is a medium to tell the rich history of Troy in relation to its natural, cultural, artistic and archeological context,” explained the architects.

Museum of Troy - HEKKTA - London Olympia

Museum of Troy – HEKKTA – London Olympia

2019-02-06T12:14:04+00:00