Contractors World


The UK and Ireland's only FREE to READ publication for construction, demolition, mining and quarrying industries
in a convenient digital format

Contractors World  - UK & Ireland
2013 Vol 3 No 2
Forward: Print Page Register (free) Bookmark Page

Contractors World UK
More news in the
Contractors World - International issue


BREAKING NEWS


LIBRARIES

• back issues
•  brochures
• 
videos



previous page   PAGE 24 of 32    next page

CONSTRUCTION NEWS & ECONOMY

 

Paddington Integrated Project - architects impression of proposed OSDSchemes under planning

In January, CBRE Global Investors acquired two central London properties (110-113 Tottenham Court Road and 83 Clerkenwell Road) in a £20m deal, highlighting Crossrail as a key factor in both acquisitions.

Paddington Integrated Project - architects impression of proposed OSD

Michael Ness from CBRE Global Investors said: “We believe that these two acquisitions will be major beneficiaries of the Crossrail development, as infrastructure improvements are already adding to the commercial attractiveness of both Clerkenwell and the Tottenham Court Road area.”

Also in January, Goldman Sachs submitted plans for a 1.2 million square feet office scheme along Farringdon Street; and in the summer, developers Axa Real Estate expect to complete the construction of ‘Sixty London’, a 215,000 square feet office development in Farringdon. Both developments will benefit from the new Crossrail station at Farringdon which when it opens in 2018, will be one of the busiest rail stations in Britain and at the heart of London’s rail network linking transport services north, south, east and west.

In February, British Land acquired the Ealing Broadway Shopping Centre in a £142.5m deal, highlighting the improved journey times to Ealing Broadway that Crossrail will create as an important driver behind the deal. Charles Maudsley, Head of Retail, said: “We believe there are significant opportunities to grow and develop the shopping centre as a retail destination […] as the area benefits from residential development and the completion of Crossrail.”

Along with wider property investment in the capital, Crossrail’s own property development plans at stations along the new route are making good progress including

  • Planning permission secured for nearly 1 million square feet of development space so far – a total of 3 million square feet of high quality office, retail and residential space is planned above new Crossrail stations and sites. 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
  • Further over-site development planning applications submitted this year for 65 Davies Street at the new Bond Street Crossrail station and Crossrail’s Fisher Street site in central London also due to be submitted shortly

Further funding secured

Further funding secured for Crossrail’s ambitious Public Realm improvement programme which will deliver improved public areas outside stations along the Crossrail route. Initial urban realm design work has been completed for 16 stations so far, with masterplans for another 12 stations to be completed by the end of 2013.

Leading development partners secured for five over-site development sites: Grosvenor Estates (Bond Street West); Great Portland Estates (Bond Street East); Derwent London (Tottenham Court Road East); Cardinal Lysander Group (Farringdon West); Aviva Investors (Liverpool Street West)

Further investment and development opportunities available at other prime London sites including: Tottenham Court Road (West); Lindsey Street in Farringdon (East); Fisher Street in Holborn; Limmo Shaft, near Canning Town east London; Woolwich East; Paddington Triangle; Liverpool Street East (Blomfield Street)

Crossrail Director of Property Ian Lindsay said: “Recent property deals have highlighted the ‘Crossrail factor’ as a growing influence on London’s property market. It is encouraging to see major UK and international firms citing Crossrail as a catalyst in pushing forward existing schemes and an enabler in identifying new development opportunities. “
[CWMAGS]

Tweet this page

 

 

 

previous page   PAGE 24 of 32   next page

 
red divide
CW Contractors World - the digital publication for construction industry

Contractors World Magazines are published by VVV Limited
©VVV Ltd 2013 All Rights Reserved

Publisher: Roger Lindley
Content compiled and edited by:
Roger Lindley MCIM

Page updated: March/April 2013

 

READ OUR OTHER MAGAZINES

Contractors World -UK & Ireland
Contractors World - International up-to-date information on news, plant and equipment from around the world.

CLICK HERE


Contractros World - Australia
Australia News


cmldir.com
Online Buyers Guide of Construction, Quarrying

Contractors World - Eco Friendly publishingBy reading this page on line you are helping to save trees.
Trees saved up to March/April 2012 > 1567


The monthly magazine Contractors World - UK & Ireland is proud to promote and support the Lighthouse Club Please give generously. Contractors World Support the Lighthouse Club


CONTRACTORS WORLD MAGAZINES
CML House
7 Bell Mead
Sawbridgeworth
Herts CM21 9ES
UK
Tel: +44 1279 600598
Email: infodesk@cwmags.com
URL: http://www.cwmags.com

Contractors World is many magazines in one - construction news for latest information (read our daily news pages) and a site equipment magazine featuring site reports from around the world and reviews of construction plant and equipment as it is introduced.

Written specifically for earthmovers, quarry management, plant hire executives, and others with an interest in the construction and related industries. Configured for all Internet devices, iPads, tablets and PDF readers.

Registered Office: 54 Sun Street, Waltham Abbey, Essex EN9 1EJ, UK
Registered as a company in England and Wales, number 3892263

Contractors World and the Contractors World - UK & Ireland Edition are independent publications published for CWMAGS Ltd by VVV Ltd.

The mention of companies and/or products within the editorial pages or in advertisements does not infer any endorsement by the publisher or editors. All editorial is freely given, without conditions and at the sole discretion of the editor. Opinions expressed by contributors are not necessarily those of the publishers. Other than saving and distributing in complete page formats, copying, reproduction, decoding or disassembly of content or computer code by any means of any part of the publication is prohibited unless prior approval is provided by VVV Ltd in writing and confirmation received of agreement with any terms and conditions applicable. PDF version may be downloaded for personal use but no content may be used for promotional purposes or copied to web sites. All images and video content are subject to copyrights.