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Sellar Property is likely to start construction of the Shard tower in London, SE1 later in 2008, after a finance package was agreed with Qatari-backed consortium - the Qatari Islamic Investment bank QInvest, Qatar National Bank and Qatari Islamic Bank. Sellar will remain the developer for completion of Shard of Glass tower and 55,740 sq m (600,000 sq ft) New London Bridge House in 2011. The schemes were designed by Renzo Piano. Cushman & Wakefield advised on planning, and Mace is project manager. - (01-02-2008)
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Whitecliff Investments and Scottish Widows have gained planning consent for the speculative redevelopment of the vacant 140 Aldersgate Street, London EC1A 4JQ with an eight-storey office and retail block. The 12,800 sq m (138,000 sq ft) building will include 11,000 sq m (122,000 sq ft) of offices and 1,500 sq m (16,000 sq ft) of retail space. A construction start has been set for April 2002. BH2 is advising. - (11-12-2001)
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Barclays Bank has confirmed that it is has reached agreement in principle with Canary Wharf Group to take a new headquarters building at Canary Wharf, London E14. The bank is to take the BP1 site at Churchill Place, at the eastern end of the scheme. The building will be about 1 million sq ft and initially 60,386 sq m (650,000 sq ft) will be occupied by Barclays, with the flexibility to move into more space as required. Design work is underway and construction of the new tower will start at the end of 2001 and is due to be occupied by Barclays in 2005. Barclays Bank is being advised by Weatherall Green & Smith. - (05-09-2001)
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British Waterways has appointed Weatherall Green & Smith to advise on the redevelopment of Wood Wharf, east of Canary Wharf, London E14. Discussions are to be held with the planning authorities to "maximise the development potential" of the site. The site is seen as having potential for a "high-density, quality, mixed-use office and residential scheme". - (19-08-2001)
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The St Katherine's Dock mixed-use development in East Smithfield, London E1 is understood to have been put on the market by Taylor Woodrow. In 1969 the Port of London Authority sold the docks in Wapping to the Greater London Council for £1.5m and in 1969 the GLC awarded Taylor Woodrow the project to develop the docks, the first London Docklands regeneration project. The development includes the K2 site, previously called Europe House, which is planned as a 21,802sq m (234,676 sq ft) building that will provide seven-floors of office space, amounting to 16,720 sq m (180,000 sq ft), and a lower ground floor of 1,394 sq m (15,000 sq ft) of retail and restaurant space. The whole St Katherine's Dock development is on the market through Jones Lang LaSalle and is expected to be sold for around £250m. Possible bidders are said to include Catalyst Capital (previously Greenwich Group) with Lehman Brothers, and the US funds JE Roberts and Blackstone. - (01-07-2001)
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Demolition work has just started on 12 Arthur Street, London EC4, a site which has recently seen proposals for a new 12,680 sq m (136,487 sq ft) office building of 10-storeys submitted for planning permission by developer Shieldpoint. The proposed scheme has been designed by Irish architects Horan Keogan & Ryan, a firm which has made a big impact in the Sandyford area of Dublin over the last decade, designing the Sandyford Business Centre and the AIB Financing & Leasing premises among other projects. Horan Keogan & Ryan's latest office project in Dublin is The Atrium Office Development for Green Properties, which is now nearing completion. - (12-04-2001)
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British Land is now said to be the front runner to buy the 10-acre Berkeley Square estate in Mayfair W1 from the BP Pension fund. It is thought that an offer of around £300m has been made by the company that is on a shortlist of bidders that may also include the Barclay twins and Moorfield, the property group, Simon Hallabi, a Syrian-born investor, Grosvenor Estates, and the Saudi Arabian Royal family. The BP Pension fund acquired the portfolio in 1967 for around £12m. The sale is being dealt with by Richard Womack at CB Hillier Parker. It is said that unsuccessful bids have been made by Minerva, Benchmark, and Green Properties and an unnamed US investment bank. - (09-04-2001)
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Ballymore's Arrowhead Quay office scheme in South Quay, London Docklands E14 has had its planning application approved by London Borough of Tower Hamlets. The scheme, designed by Skidmore Owings & Merrill, will in total provide 44,600 sq m (480,074 sq ft) of office space, with leisure and retail space in two buildings. The design will make use of a Mica paint technology that will make the façade of the buildings appear to change colour between blue and green depending on the light conditions. - (07-03-2001)
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