No end in sight for Crossrail fiasco as budget overshoot could surpass £1bn September 2, 2018 Crossrail's budget overshoot could surpass £1bn as the flagship project works towards a new 2019 deadline. Last week it was confirmed that the £15.4bn Elizabeth Line, which stretches from Reading and Heathrow in the west to Shenfield and Abbey Wood in the east, has been delayed by almost a year over safety issues and will now [...]
Focus On Knightsbridge: Who actually lives in the land of Harrods and what homes are set to be ‘superior’ to One Hyde Park? August 31, 2018 Fast cars, flagship designer stores and fancy restaurants are all things that characterise Knightsbridge in the London hive mind. But who actually lives amongst this finery where, according to Hamptons International, the average home goes for £3.5m? “Vietnamese, Turkish, American, Bahrani, French, Italian…” reels off Charlie Willis, head of London residential agency at Strutt & [...]
City Airport boss Sir Terry Morgan – who also happens to be the former Crossrail boss – stepping down to focus on HS2 August 31, 2018 Sir Terry Morgan is stepping down as chairman of London City Airport next month to focus on his new job heading up HS2. Morgan, who has been at the helm of City Airport since March 2017, also happens to have been chairman of Crossrail Ltd, which today admitted the massive infrastructure project would overrun by nearly [...]
New homes: Our pick of the new builds going on sale in London this weekend August 31, 2018 New developments on the market this week Manhattan Plaza, Poplar From £599,995 Hate furniture shopping? Four fully-dressed two bedroom apartments are going on sale this weekend at this development close to Canary Wharf and Blackwall DLR stations. The flats are being used to sell the last two and three bedroom homes, many of which are [...]
Focus On Covent Garden: The tourist trap turned foodie hotspot also does homes August 31, 2018 Who lives in Covent Garden anyway? To most Londoners, this historic 17th century piazza is synonymous with street performers and burger bars. It’s always been a place to pass through on the way to the theatre, rather than a place to spend much time in or, god forbid, live in. But all that is changing [...]
Crossrail delayed by almost a year over safety issues August 31, 2018 Crossrail has been delayed by almost a year, the infrastructure firm behind the project has admitted today. The Elizabeth line, which had been expected to launch in December, will now open through central London in autumn 2019. It is understood the company only told Transport for London and the Department for Transport about the severe delay yesterday. [...]
TfL and Network Rail urged to stop ‘passing the buck’ over failures on Gospel Oak to Barking line August 30, 2018 Transport for London (TfL) and Network Rail have been urged to stop "passing the buck" over continuing failures on the Gospel Oak to Barking line. Commuters using the London Overground line have endured repeated delays to the introduction of new Class 710 electric trains, which manufacturer Bombardier has blamed on software problems. The trains were [...]
Irish hotel group Dalata swoops in for £91m Aldgate site August 29, 2018 Ireland’s largest hotel operator has agreed a £91m deal for a site under development on the edge of the Square Mile. In the latest sign of London’s burgeoning hotel market, the aim-listed Dalata Hotel Group has snapped up the Clayton Hotel in Aldgate, which is situated near the new Crossrail station at Whitechapel. The deal for [...]
British shop prices rise for first time in five years August 29, 2018 British shop prices have risen for the first time in five years as hot weather and the rising price of oil conspired to add to inflationary pressure. Shop prices increased by 0.1 per cent in August 2018 compared to last year, figures from the British Retail Consortium, prepared by Nielsen, will today show. The rate [...]
Capital & Regional given the go-ahead for Walthamstow redevelopment August 28, 2018 Shopping centres owner Capital & Regional has been given the green light for a major mall development in Walthamstow today. The newly-approved plans to transform Walthamstow’s town centre includes more than 86,000 square feet (sq ft) of extended space that is set to be added to the area’s current site. According to Capital & Regional, [...]