DOCSLIB.ORG

Sky-High Risk: the Impact of Increasing Tall Tower Construction in the UK MARSH REPORT July 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sky-High Risk: the Impact of Increasing Tall Tower Construction in the UK MARSH REPORT July 2016 MARSH REPORT July 2016 Sky-high Risk: The Impact of Increasing Tall Tower Construction in the UK MARSH REPORT July 2016 CONTENTS 3 Executive Summary 6 On the Rise 8 Heightened Risk Mitigation 12 Mitigating and Transferring Tall Building Risks 12 Political Impact on Future Projects 13 Conclusion 14 About Marsh 14 About this Report 15 References 2 Marsh MARSH REPORT July 2016 EXECUTIVE SUMMARY Skylines in the UK, particularly in London, have been undergoing a rapid evolution in recent years. Today, more tall buildings are being planned and constructed than ever before, with 436 towers – defined as those with more than 20 floors – proposed, in planning, approved, or under construction in London, according to research by New London Architecture1. As the number of tall buildings under construction in the UK increases, greater focus needs to be placed on mitigating the associated risks, which can lead to project delays and significant reinstatement costs. While recent developments, such as the recent UK vote to leave the European Union, could impact planned projects moving forward, we expect to see this trend continue over the long-term. This paper has been designed to highlight and bring greater awareness to the various risks and insurance challenges associated with tall tower construction in the UK. Sky-high Risk: The Impact of Increasing Tall Buildings in the UK 3 MARSH REPORT July 2016 FIGURE 1 London’s tallest buildings, completed and planned Source: Skyscraper Center The graphic below (FIGURE 1) shows a selection of the tallest completed, under construction, and proposed buildings in London. Out of these buildings, 13 are proposed or under construction demonstrating how London’s skyline is set to be transformed over the next decade and the growing trend towards tall tower construction. The height of London’s skyline remained largely unchanged during the 1980s and 1990s, with only Tower 42, One Canada Square, and the Panoramic being completed at a height of more than 20 floors. In contrast, since 2000, 50 buildings with more than 20 floors have been built in London, with a further 25 under construction and due for completion over the next three years. The Shard is currently London’s tallest building standing at around 306 metres, followed by One Canada Square and 110 Bishopsgate. 22 Bishopsgate, which is currently under construction, will surpass all but the Shard when completed. COMPLETED UNDER CONSTRUCTION PROPOSED 306M 294.6M 300M 278M 239M 240.5M 230M 236M 250M 221M 224M 214.5M 219.8M 204.9M 198.6M 199.5M 199.9M 201M 190M 192M 192.1M 200M 150M METRES (M) 100M 50M 225 MARSH WALL WOOD WHARF E3/E4 5254 LIME STREET ONE LANSDOWNE ROAD 8 CANADA SQUARE ONE NINE ELMS 25 CANADA SQUARE WOOD WHARF A1 1 PLAZA TOWER SOUTH QUAY NEWFOUNDLAND WHARF NQ1 CANARY THE LEADENHALL BUILDING 110 BISHOPGATE ONE CANADA SQUARE CITY PRIDE TOWER HERTSMERE HOUSE 22 BISHOPSGATE UNDERSHAFT NO.1 THE SHARD 4 Marsh MARSH REPORT July 2016 FIGURE 1 London’s tallest buildings, completed and planned Source: Skyscraper Center London’s skyline still lags behind global cities like New York, Dubai, and Hong Kong, largely due to London’s historic landscape, protection of landmarks, and building height regulations. However, new construction opportunities available to build higher than ever puts greater focus on the need to mitigate the associated risks as the UK plans its high-rise revolution.* * Note: Listed data for proposed or under construction buildings is based on information currently available. This data is subject to change until the building has been completed and does not include proposed buildings without confirmed height estimates. COMPLETED UNDER CONSTRUCTION PROPOSED 306M 294.6M 300M 278M 239M 240.5M 230M 236M 250M 221M 224M 214.5M 219.8M 204.9M 198.6M 199.5M 199.9M 201M 190M 192M 192.1M 200M 150M METRES (M) 100M 50M 225 MARSH WALL WOOD WHARF E3/E4 5254 LIME STREET ONE LANSDOWNE ROAD 8 CANADA SQUARE ONE NINE ELMS 25 CANADA SQUARE WOOD WHARF A1 1 PLAZA TOWER SOUTH QUAY NEWFOUNDLAND WHARF NQ1 CANARY THE LEADENHALL BUILDING 110 BISHOPGATE ONE CANADA SQUARE CITY PRIDE TOWER HERTSMERE HOUSE 22 BISHOPSGATE UNDERSHAFT NO.1 THE SHARD Sky-high Risk: The Impact of Increasing Tall Buildings in the UK 5 MARSH REPORT July 2016 ON THE RISE “London is in As the population of London continues to grow, the middle of a the capital has been gripped by a construction frenzy population which has seen a greater number of taller buildings being boom that planned and constructed. “London is in the middle of a population boom that shows no sign of slowing down, shows no sign and it’s important we look at a range of options to achieve of slowing both the housing and workspace need,” the former London Deputy Mayor of Planning, Edward Lister, down and it’s said earlier this year2. important we look at a range FIGURE 2 Number of towers completed in London 2005-2015 Source: Skyscraper Center of options to 11 achieve both the housing 9 and workspace 7 need.” EDWARD LISTER Number Completed 4 FORMER LONDON DEPUTY 3 3 MAYOR OF PLANNING. 2 1 1 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Meanwhile, the new Mayor of London, Sadiq Khan, has recognised that more housing is needed, and therefore more construction in the city, saying, “my single biggest priority will be to build thousands more homes every year.” This trend is predicted to continue over the next decade. This year’s pipeline has seen an increase of 119 tall buildings compared to 2014, bringing the current number of those proposed, approved, and under construction to 436, according to New London Architecture (see FIGURE 3). 6 Marsh MARSH REPORT July 2016 FIGURE 3 Comparison of London tall buildings pipeline 2014-2016 It is not just Source: New London Architecture the number of 500 these projects 400 that needs to be taken into 300 consideration, 200 but also the 100 fact that the height of the 0 2014 2015 2016 individual Proposed (pre- and post-formal submission) Refused (since last review) buildings Approved seems to be Under construction Completed Status unknown rising. A number of tall building projects built in the past five years. are also underway in other Many buildings that are planned metropolitan areas across the or under construction, such as the UK. For example, according to 62-storey project at 22 Bishopsgate in Skyscraper Center3, nine buildings London, are following the same trend. with more than 20 floors have been proposed or are under construction While the new builds provide in Manchester, while three new space for residents and offices, towers are planned in Birmingham. constructing upwards is not without considerable risk. Building a tall The risks are two-fold for property tower is complicated, heightens developers. It is not just the number many traditional construction risks, of these projects that needs to be and presents risks unique to these taken into consideration, but also the projects. Property developers need to fact that the height of the individual be aware of these risks linked with tall buildings seems to be rising. tower construction and take steps to For example, out of the top five mitigate losses that could occur. tallest towers in London, three were Sky-high Risk: The Impact of Increasing Tall Buildings in the UK 7 MARSH REPORT July 2016 HEIGHTENED RISK MITIGATION Developers The increasing number of tall in a combined loss in excess of need to towers has given rise to certain GBP150 million – a level where perils before, during, and after insurers were questioning properly construction. There are several whether the provision of risk and insurance challenges that insurance for construction sites consider developers and contractors need to could continue economically. consider and potentially transfer via insurance to remove unnecessary Robust risk management methods protecting risk from the balance sheet. and employing contractors with sound track records can ensure that their assets FIRE AND/OR ESCAPE these are controlled and mitigated. with adequate OF WATER TERRORISM The possibility of fire and/or the site safety and We have seen a number of recent escape of water represents significant examples of terrorist activity across risk to a project’s practical completion Europe from the bombings in Paris security. date. Either one of these events has in 2015 to the attacks in Brussels the potential to cause severe damage earlier this year. Construction sites to the works and significant delays. can be targeted by terrorists as a This risk is multiplied in a tall tower, method of slowing growth, and due to the high concentration of value therefore strong consideration in a single structure. needs to be given in respect of • Escape of water: Especially terrorism insurance to reinstate during the installation and testing the construction works in the event phase of bathrooms, washrooms, of a terrorist act. and sprinkler systems, this can Tall buildings also carry a cause substantial claims if leaks concentration risk, as they are go undetected, as water damage typically located in urban areas, can impact several floors of the meaning there is a greater risk of building and has the potential damage to property and injury to damage equipment, such as to people due to falling debris. generators and cables located Developers need to properly in basements. The Construction consider protecting their assets with Insurance Risk Engineers adequate site safety and security. Group (CIREG), in conjunction Post-construction, tall towers have with the UK Construction All proved to be targets for attacks in the Risks Underwriters Group, has past, such as the World Trade Center produced a best practice guide buildings on 11 September 2001.
Load more

Recommended publications
  • Roman House Is a Rare Opportunity to Acquire a Luxury Apartment Or Penthouse in a Premier City of London Location
    1 THE CITY’S PREMIER NEW ADDRESS 2 3 ROMAN HOUSE IS A RARE OPPORTUNITY TO ACQUIRE A LUXURY APARTMENT OR PENTHOUSE IN A PREMIER CITY OF LONDON LOCATION. THE SQUARE MILE’S RENOWNED RESTAURANTS, LUXURY SHOPS AND WORLD CLASS CULTURAL VENUES ARE ALL WITHIN WALKING DISTANCE; WHILE CHIC, SUPERBLY WELL PLANNED INTERIORS CREATE A BOUTIQUE HOTEL STYLE LIVING ENVIRONMENT. AT ROMAN HOUSE, BERKELEY OFFERS EVERYTHING THAT COSMOPOLITAN TASTES AND INTERNATIONAL LIFESTYLES DEMAND. 4 1 THE EPITOME THE CITY OF OF BOUTIQUE WESTMINSTER CITY LIVING THE CITY Contents 5 Welcome to a new style of City living 28 On the world stage 6 Welcome home 30 On the city borders 8 An unparalleled living experience 32 Be centrally located 11 Y 35 A world class business destination 12 Your personal oasis 37 Wealth and prestige 14 A healthy lifestyle right on your doorstep 38 London, the leading city 16 Café culture 41 London, the city for arts and culture 18 Find time for tranquillity 42 A world class education 20 Y 44 Zone 1 connections 23 Vibrant bars 46 Sustainable living in the heart of the city 25 Shop in Royal style 47 Designed for life 26 London, the global high street 48 Map 2 3 Computer Generated Image of Roman House is indicative only. Y Welcome to years, and is considered a classic of its time. Now, it is entering a prestigious new era, expertly refurbished by Berkeley to provide ninety exquisite new homes in the heart of the City, a new style with a concierge and gymnasium for residents’ exclusive use.
    [Show full text]
  • Hot 100 2016 Winners in London’S Residential Market CBRE Residential 2–3 Hot 100 2016
    CBRE Hot 100 2016 winners in London’s residential market CBRE Residential 2–3 Hot 100 2016 The year is drawing to a close and so our annual Hot 100 report is published. Find out where was hot in 2016. Contents Best performing locations 4–5 Most affordable boroughs 8–9 For nature lovers 10–11 For shopaholics 14–15 Boroughs for renters 16–17 Best school provision 20–21 Tallest towers 22–23 Highest level of development 24–25 Demographic trends 28–29 Best economic performance 30–31 CBRE Residential 4–5 Hot 100 2016 Top 10 Best performing locations Although prices remain highest in Central London, with homes in Kensington and Chelsea averaging £1.35 million, the other London boroughs continue to see the highest rate of growth. For the second year running Newham tops the table for price growth. This year prices in Newham increased by 24%; up from 16% last year. The areas characterised by significant regeneration, such as Croydon and Barking and Dagenham, are recording price rises of 18% and 17%, which is well above the average rate of 12%. Top Ten Price growth Top Ten Highest value 1 Newham 23.7% 1 Kensington and Chelsea £1,335,389 2 Havering 19.0% 2 City of Westminster £964,807 3 Waltham Forest 18.9% 3 City of London £863,829 4 Croydon 18.0% 4 Camden £797,901 5 Redbridge 18.0% 5 Ham. and Fulham £795,215 6 Bexley 17.2% 6 Richmond upon Thames £686,168 7 Barking and Dagenham 17.1% 7 Islington £676,178 8 Lewisham 16.7% 8 Wandsworth £624,212 9 Hillingdon 16.5% 9 Hackney £567,230 10 Sutton 16.5% 10 Haringey £545,025 360 Barking CBRE Residential 6–7 Hot 100 2016 CBRE Residential 8–9 Hot 100 2016 Top 10 Most affordable boroughs Using a simple ratio of house prices to earnings we can illustrate the most affordable boroughs.
    [Show full text]
  • 22 Bishopsgate London EC2N 4BQ Construction of A
    Committee: Date: Planning and Transportation 28 February 2017 Subject: Public 22 Bishopsgate London EC2N 4BQ Construction of a building arranged on three basement floors, ground and 58 upper floors plus mezzanines and plant comprising floorspace for use within Classes A and B1 of the Use Classes Order and a publicly accessible viewing gallery and facilities (sui generis); hard and soft landscaping works; the provision of ancillary servicing and other works incidental to the development. (201,449sq.m. GEA) Ward: Lime Street For Decision Registered No: 16/01150/FULEIA Registered on: 24 November 2016 Conservation Area: St Helen's Place Listed Building: No Summary The planning application relates to the site of the 62 storey tower (294.94m AOD) granted planning permission in June 2016 and which is presently being constructed. The current scheme is for a tower comprising 59 storeys at ground and above (272.32m AOD) with an amended design to the top. The tapering of the upper storeys previously approved has been omitted and replaced by a flat topped lower tower. In other respects the design of the elevations remains as before. The applicants advise that the lowering of the tower in the new proposal is in response to construction management constraints in relation to aviation safeguarding issues. The planning application also incorporates amendments to the base of the building, the public realm and to cycle space provision which were proposed in a S73 amendment application and which your Committee resolved to grant on 28 November 2016, subject to a legal agreement but not yet issued. The building would provide offices, retail at ground level, a viewing gallery with free public access at levels 55 and 56 and a public restaurant and bar at levels 57 and 58.
    [Show full text]
  • Title: the Future of Workplace in Vertical Cities: Hanging Gardens, Roof Terraces and Vertical Plazas Author: Stephan Reinke, Di
    ctbuh.org/papers Title: The Future of Workplace in Vertical Cities: Hanging Gardens, Roof Terraces and Vertical Plazas Author: Stephan Reinke, Director, Stephan Reinke Architects Limited Subjects: Occupancy/Lifestyle/User Experience Social Issues Vertical Transportation Keywords: Green Walls Public Space Sky Garden Vertical Urbanism Workplace Publication Date: 2020 Original Publication: International Journal of High-Rise Buildings Volume 9 Number 1 Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Stephan Reinke International Journal of High-Rise Buildings International Journal of March 2020, Vol 9, No 1, 71-79 High-Rise Buildings https://doi.org/10.21022/IJHRB.2020.9.1.71 www.ctbuh-korea.org/ijhrb/index.php The Future of Workplace in Vertical Cities: Hanging Gardens, Roof Terraces and Vertical Plazas Stephan C. Reinke FAIA RIBA Director, Stephan Reinke Architects Level 02, 28 Margaret Street, London W1W 8RZ Abstract As the workplace evolves in our vertical cities, the need for “think spaces” and the public realm to meet, create and innovate will become integral to tall buildings. These people places are designed to address the social challenges and enhance the co- working environments which are emerging in the dense urban context of our future cities. The design of sky terraces and the “spaces between” offer a greener, more humane and smarter work environment for the future. The public realm should no longer be held down, fixed to the ground plane, but rather become part and parcel of the upper levels of our workplace centers.
    [Show full text]
  • Unconventional & Pioneering A.K.A. London
    UNCONVENTIONAL & PIONEERING A.K.A. LONDON Much like Ziggy Stardust ( A.K.A. D av i d Bowie) this ground breaking London landmark has many alter egos... From an iconic part of the City skyline to one of the most future focused addresses in which to locate a forward thinking business. IT’S TIME TO LOOK AT 30 ST. MARY AXE FROM A WHOLE NEW ANGLE. With options ranging from approx. 5,162 to 41,828 sq ft of world class, office space across 3 spectacular floors, this is also known as your next move. 007 A.K.A. James bond A NATIONAL TREASURE WITH STYLE AND MAGNITUDE The available office floors in this suave building offer dramatic Grade A specification workspaces that make a real statement. A.K.A. THE Gherkin 22 BISHOPSGATE THE LEADENHALL BUILDING SALESFORCE TOWER A.K.A. THE GHERKIN 52 Lime Street 100 BISHOPSGATE The Willis Building 70 St Mary Axe AN ICONIC PART OF THE LONDON CITY SKYLINE A.K.A. THE ULTIMATE COMPANY Imagine positioning your business as part of the London Skyline at an address that everybody knows. 30 St. Mary Axe is your opportunity to join a thriving and diverse community of game changers. Unrivalled WORKSPACE INSPIRING VIEWS AND ALL THE ON-SITE AMENITIES YOU CAN DREAM OF. AS SOME MIGHT SAY, A MORE ENERGISED AND PRODUCTIVE WORKFORCE. Reception CGI double height space Reception CGI available office floor Rum & Coke A.K.A. C u b a L i b r e A new twist on an old favourite Historically known as the Insurance District, the immediate area has since become a magnet for a more eclectic range of sectors, from technology to education and media to finance.
    [Show full text]
  • Entuitive Tall Buildings
    TALL BUILDINGS HIGH PERFORMANCE ENTUITIVE IS COLLABORATING WITH DEVELOPERS, ARCHITECTS AND BUILDERS TO DESIGN AND ENGINEER HIGH PERFORMANCE TALL BUILDINGS THAT ARE DEFINING CITY SKYLINES Urban centres around the globe are experiencing unprecedented growth. With limited land resources, cities are increasingly building towers – both for commercial and residential developments. Entuitive’s Tall Buildings team consists of structural engineers, building envelope specialists and technologists with decades of experience in delivering high-rise buildings through innovative and value driven solutions. DELIVERING VALUE It’s our ambition to help clients realize the best performing buildings that support their vision and commercial objectives. Through a holistic, integrated and highly collaborative approach, we draw on the wide-range of expertise wielded by Entuitive’s professionals to develop advanced structural and envelope solutions that deliver multiple dimensions of building performance with greater life-cycle economies. OPTIMIZING PERFORMANCE With extensive experience in tall buildings, deep knowledge of the latest building materials and construction methods, and sophisticated modeling techniques, our engineers and building envelope specialists focusing on solutions that enhance building performance. We strive to deliver a high degree of occupant comfort by mitigating the effects of wind-induced vibration. Our designs consider building resilience to natural and man-made events including seismic, extreme weather and blast. And we consistently optimize our structural and envelope solutions with an eye to improving efficiency at every stage while minimizing costs. AN ADVANCED APPROACH We use BIM and the latest technologies to enhance collaboration and coordination in order to deliver projects on-time and on- budget. We also go beyond BIM and utilize computational design and parametric modelling to assist architects in unleashing their creativity while optimizing the building structure – affording greater constructability, cost-savings and reduced time to market.
    [Show full text]
  • AN INTRODUCTION to BERKELEY GROUP OUR PURPOSE to Build Quality Homes, Strengthen Communities and Improve People’S Lives
    AN INTRODUCTION TO BERKELEY GROUP OUR PURPOSE To build quality homes, strengthen communities and improve people’s lives. OUR VISION To be a world-class business, defined by the quality of the places we create, generating long-term value and having a positive impact on society. OUR VALUES Have Integrity Be Passionate Think Creatively Respect People Goodman’s Fields, Aldgate Excellence Through Detail BUILDING COMMUNITIES For Berkeley, development is all about people. We go beyond the conventional role of a developer and put the strength and wellbeing of the wider community at the heart of every plan. We listen to local people and find out what they care about most. Then we work in partnership to shape unique, locally inspired masterplans with a mix of beautiful public spaces, natural landscapes and welcoming amenities that bring people together to enjoy community life. Beaufort Park, Colindale CONNECTING PEOPLE AND NATURE We believe that people and nature belong together. So in 2017 we became the first UK homebuilder to commit to enhancing nature on every new site, no matter what the land’s existing use. We use our Net Biodiversity Gain Toolkit to measure established habitats and create long-term strategies to preserve, enhance and expand nature, so that we leave behind a more beautiful and sustainable living landscape. We work in partnership with local Wildlife Trusts to create these nature-rich places and engage local communities in their growth and stewardship. Edenbrook Village, Fleet CLIMATE ACTION We want to play a lead role in decarbonising the built environment sector. Our business operations have been carbon positive since 2018, through taking action to reduce energy use and offsetting more emissions than we produce.
    [Show full text]
  • The Shard London Bridge London, United Kingdom
    Reference Project The Shard London Bridge London, United Kingdom Frese OPTIMA Compact Project The tallest building in the European Union • Max diff. pressure: 400 kPa • Operating temp.: 0 to 120°C The Shard London Bridge is a skyscraper in Southwark, London. Standing almost 310 meters tall, • Dimensions: DN10-DN32 it is the tallest building in the EU. It is also the second-tallest free-standing structure in the United • Flow rate: Up to 4000 l/h Kingdom, after the 330-metre concrete tower at the Emley Moor transmitting station. • Material: DZR brass Renzo Piano, the Shard’s architect, worked with the architectural firm Broadway Malyan during • Static pressure: PN25 the planning stage. The Shard London Bridge was designed with an irregular pyramidal shape • For cooling and heating from the base to the top, and is clad entirely in glass. The tower has 72 habitable floors, with a applications viewing gallery and open-air observation deck – the UK’s highest – on the 72nd floor, at a height of 245 metres. Its structure was completed in April 2012. Frese MODULA The Shard London Bridge is to contain office space, a 200-bed 5-star hotel, three floors of restau- rants and ten apartments (priced at approximately £50 million each). • Dimensions: Solution MODULA: DN15-DN20 MODULA Pro: DN15-DN25 Frese OPTIMA Compact & Frese MODULA were installed to ensure the hydraulic balance of the piping and the right temperature in the hotel and office areas. • Max differential pressure: Se Control Valve spec • Material: DZR brass • Static pressure: PN 16 • For cooling and heating applications • Allows backward and forward flushing and coil isolation KNOWLEDGE QUALITY INNOVATION MANUFACTURING CUSTOMER EXCELLENCE FOCUS Frese A/S · Sorøvej 8 · DK-4200 Slagelse · Tel: +45 58 56 00 00 · [email protected] · www.frese.eu.
    [Show full text]
  • 7.4 Report Of
    Committee: Date:th Classification: Agenda Item No: Strategic Development 9 October 2008 Unrestricted 7.4 Report of: Title: Planning Application for Decision Corporate Director Development & Renewal Ref No: PA/08/1215 and PA/08/1217 Case Officer: (Duplicate Application) & Tim Porter PA/08/1218 and PA/08/1238 (Duplicate Application LBA) Ward(s): Blackwall and Cubitt Town 1. APPLICATION DETAILS Location: Wood Wharf, Preston’s Road, London Existing Use: Primarily light industrial, office and warehouse units. Also residential, indoor sporting facilities and a nursery. Proposal: PA/08/1215 and PA/08/1217(Duplicate Application) Hybrid application for comprehensive mixed-use redevelopment of Wood Wharf comprising: 1) Outline Application (all matters reserved, save for access & layout) • Demolition of dwellings at Lovegrove Walk; • Commercial floorspace (B1), up to 1668 residential units (C3), and hotel (C1) contained in fourteen buildings; • Retail (A1), financial services (A2), re staurants & cafes (A3), drinking establishments (A4) and takeaway establishments (A5); • Leisure & community uses (D1 & D2); • Associated infrastructure, including the creation of structures in Blackwall Basin and South Dock; • Principles of landscaping and public realm; • Means of access; • Bridge links; • Car, motorcycle and bicycle parking spaces, servicing; and • Electricity substation. 2) Full Application • Creation of canal and other engineering infrastructure. PA/08/1218 and PA/08/1238 (Duplicate Application LBA) Partial demolition of a small section of the s outhern dock wall to Blackwall B asin, for the creation of a new canal between South Dock and Blackwall Basin, and the introduction of piled foundations to anchor structures within the Basin, and othe r associated works as part of a comprehensive mixed use redevelopment of Wood Wharf.
    [Show full text]
  • Issue 58 Castle Baynard Resident Cunn
    June 2018 Issue 58 Castle Baynard Resident Cunn GAS WORKS IN THE CITY In this issue: Residents will have Gas Works in the City noticed the continuing disruption and congestion Shoe Lane Library caused by street gas Home Delivery works in the City, the Service latest and most significant Blackfriars Station occurring in Gracechurch Underpass Street. This has necessitated the long- term closure of London Blackfriars Bridge Bridge to north bound traffic with vehicles being diverted to Tower and Blackfriars bridges causing increased congestion elsewhere in 36 INCH GAS MAIN INSTALLATION CIRCA 1880 the City. We hope the following information will give some useful background as to why these problems are occurring and the difficulty in remediating the situation quickly. In Greater London the gas distribution and supply network services approximately 2 million customers. Currently there are approximately 120,000 gas escapes, 12,000 excavations and 380 kilometres of mains replaced per annum. In April 2001 a 30-year programme was launched which aims to replace all iron pipes within 30 metres of buildings (some 45,000 kilometres in London). Many of these gas mains were laid over 100 years ago (see picture above) and were made of cast iron, ductile iron and steel. These old pipes are at the end of their life and are failing through corrosion or fracturing due to earth movement. These are being replaced by polyethylene pipes that can sustain higher pressures than the metal pipes and do not corrode. The new pipes are inserted inside the old pipes wherever possible to speed the work up and minimise disruption.
    [Show full text]
  • Rare Long-Let Freehold Investment Opportunity INVESTMENT SUMMARY
    26 DEAN STREET LONDON W1 Rare Long-Let Freehold Investment Opportunity INVESTMENT SUMMARY • Freehold. • Prominently positioned restaurant and ancillary building fronting Dean Street, one of Soho’s premier addresses. • Soho is renowned for being London’s most vibrant and dynamic sub-market in the West End due to its unrivalled amenity provisions and evolutionary nature. • Restaurant and ancillary accommodation totalling 2,325 sq ft (216.1 sq m) arranged over basement, ground and three uppers floors. • Single let to Leoni’s Quo Vadis Limited until 25 December 2034 (14.1 years to expiry). • Home to Quo Vadis, a historic Soho private members club and restaurant, founded almost a 100 years ago. • Restaurant t/a Barrafina’s flagship London restaurant, which has retained its Michelin star since awarded in 2013. • Total passing rent £77,100 per annum, which reflects an average rent of £33.16 per sq ft. • Next open market rent review December 2020. • No VAT applicable. Offers are invited in excess of £2,325,000 (Two Million Three Hundred and Twenty-Five Thousand Pounds), subject to contract. Pricing at this level reflects a net initial yield of 3.12% (after allowing for purchaser’s costs of 6.35%) and a capital value of £1,000 per sq ft. Canary Wharf The Shard The City London Eye South Bank Covent Garden Charing Cross Holborn Trafalgar Square Leicester Square Tottenham Court Road 26 DEAN Leicester Square STREET Soho Square Gardens Tottenham Court Road Western Ticket Hall Oxford Street London West End LOCATION & SITUATION Soho has long cemented its reputation as the excellent.
    [Show full text]
  • BPL2005AW Baltimore B XXZXX.Qxd:Layout 1 3/11/10 15:04 Page 1
    BPL2005AW_Baltimore_B_XXZXX.qxd:Layout 1 3/11/10 15:04 Page 1 in the frame for a spectacular new Docklands residence and a new London icon. The fine art of waterfront living, a masterpiece of light, line and space. BPL2005AW_Baltimore_B_XXZXX.qxd:Layout 1 3/11/10 15:05 Page 2 part of the bigger picture The curtain is being raised on one of the most dynamic residential conceived for a private residence in Europe, and a much sought developments of the 21st century. Docklands’ newest star attraction after facility, its own Montessori Nursery. Be anywhere else you is more than just an apartment complex. This is a beautifully need to be with flawless, express connections to Canary Wharf, conceived future classic, created with exquisite attention to detail the West End, Paris and New York. This is the new heart of the city, and quality. Baltimore is a luxury lifestyle universe: a variety refracted through the lens of cutting-edge contemporary design of picture-perfect contemporary home designs, from the ultimate and impeccable construction, with a dramatic seven-storey pied à terre to a double-height duplex, set around a perfectly architectural aperture on the banks of one of the city’s most landscaped boulevard of clean lines and reflections within historic docks. Exciting, inspiring and serene, a home at Baltimore a sweeping curve of the Thames. Baltimore’s facilities include is the perfect investment and utmost convenience… the most ambitious and radical urban gym and leisure facility ever everything and anything you want it to be. BPL2005AW_Baltimore_B_XXZXX.qxd:Layout 1 3/11/10 15:05 Page 2 aatt thethe heheartart CCanaryanary Wh Wharf:arf: London London’s’s mos mostt iconic iconic financial difinancialstrict and districtone of the and world one’s of mo thest influentiworld’sal bumostsiness influential development business zones.
    [Show full text]