London mayor Boris Johnson unveils plans to build 200,000 homes as part of his “city in the East” October 22, 2015 London Mayor Boris Johnson wants to expand the capital eastwards by building more than 200,000 homes, after new research showed the area's building potential is actually four times greater than previously thought. Johnson's "City in the East" plan, launched today, stretches from from London Bridge to the Isle of Dogs and Greenwich Peninsula, through to Ilford in Essex and Dartford [...]
TfL to sell off land for 10,000 London homes October 20, 2015 Transport for London’s development project is to provide an extra 10,000 homes across the capital. More than 300 acres of TfL land across the city has been brought forward for 10m square feet of development over the next 10 years – with 67 per cent of the sites within zones one and two. TfL, one [...]
Developer Irvine Sellar unveils £1bn “Shard of west London” to rejuvenate Paddington October 20, 2015 Irvine Sellar, the man behind The Shard, has unveiled his latest proposals for a larger-than-life tower – and they don't disappoint. The developer has used Shard architect Renzo Piano to design a 65-storey building for a site next to St Mary's Hospital in Paddington. The new building will be 65 storeys high (rather than its [...]
Transport for London: Uber and London’s private hire trade need new regulations October 20, 2015 On Friday, the High Court declared that smartphones used by some private hire drivers were not taximeters. This confirmed the view that Transport for London (TfL) has held all along. It was right to seek clarity on the matter at the High Court because, as the regulator of the taxi and private hire trades, we [...]
Transport for London development project to provide an extra 10,000 homes across London October 20, 2015 It may be more at home ferrying workers across the capital – but now Transport for London (TfL) has announced plans to build homes, as well. In fact, it reckons it can create 10,000 homes in London. More than 300 acres of land owned by TfL across 75 sites has been put forward for development. The organisation suggests it will create [...]
London Paramount resort and theme park in Kent gets £100 million after Chinese investor hops on for the ride October 19, 2015 A little known Chinese construction firm has agreed to inject £100m funding into the development of a new £3.2bn Hollywood theme park in north Kent. The developers behind Paramount Entertainment resort – which will have over 50 rides when it opens based on TV shows and popular Hollywood films – said China’s SinoFortone Group has thrown [...]
Jinping Kerching: David Cameron and Chinese President expected to announce several deals October 19, 2015 Prime Minister David Cameron and Chinese President Xi Jinping are hailing a “golden era” of Sino-British relations on the eve of Jingping’s four-day state visit to the UK, as investors await confirmation of billions of pounds worth of trade and investment deals. Among the expected announcements is a multibillion pound deal to build the controversial new nuclear [...]
City Moves for 19 October 2015 | Who’s switching jobs October 18, 2015 BNP PARIBAS Wike Groenenberg has been appointed global head of emerging markets strategy at BNP Paribas Corporate and Institutional Banking. She was previously head of strategy for BlueBay Asset Management’s emerging markets macro fund. Groenenberg has also headed emerging market strategy at Citigroup in London, managing a team of strategists in Europe, South Africa and [...]
Why Shoreditch is still so attractive for young firms – Investec Comment October 18, 2015 For a young business finding its feet, office space is a classic challenge. Alongside being a sizeable overhead, the question of how much space you take and how long you take it for is not easily resolved. Landlords will typically want to sign you up for as long as possible. But while your company is [...]
London can revive its industry and double house-building by getting creative with its space October 18, 2015 The average Briton spends eight hours and 41 minutes using digital devices each day, according to Ofcom – more than they sleep. It is therefore little surprise that we are also the biggest online shoppers in Europe, and this rapid growth in e-commerce partly explains London’s resurgent industrial sheds market, required to stock goods. Transactions [...]