ABA win with Tribeca
Alison Brooks Architects' three landmark buildings for the Tribeca development in Liverpool have won a 2008 Housing Design Project Award. ABA’s scheme forms part of the 5 acre Urban Splash development, believed to be Liverpool's largest ever residential project. The scheme will act as a beacon at the southern end of Great George Street, at the foot of the world renowned Anglican Cathedral designed by Sir Giles Gilbert Scott. ABA’s buildings, which received planning permission in December 2007, will hold spacious apartments, roof terraces and colonnaded commercial space at street level. The judges commented: ' It's a brave architect who squares up to Sir Giles Gilbert Scott's Anglican Cathedral in Liverpool with a cluster of buildings of vigour, but ABA have taken on the challenge with their gateway to the Tribeca development...'
View the project page for project details.
UK’s design quality protected by law
RIBA has successfully lobbied Parliament to secure an amendment to the Housing and Regeneration Bill passed yesterday. The amendment will ensure the new Homes and Communities Agency (HCA), created in the bill to assume the duties currently held by the Housing Corporation and English Partnership, will have a statutory duty to contribute to design quality in new housing. RIBA worked with a careful selection of peers with expertise in the architecture area to provide a voice of authority during the passing of the bill. Anna Scott-Marshall, Head of Public Affairs at the RIBA said: “We are delighted that the Government has responded to our calls for an explicit duty for the Homes and Communities Agency to improve design quality. At a time when economic pressures on housebuilders could lead to design and quality being squeezed by more immediate pressures this duty should ensure that this does not happen.”
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New York's Chrysler Building sale is complete
On the 12th of June WAN reported that a majority share of the Chrysler Building was to be sold to Abu Dhabi Investment Council. Now, less than a month later the deal has been done. Bloomberg have reported that the sale was completed yesterday in a move that symbolises Abu Dhabi’s strength on an international platform.
TMW, the German arm of an Atlanta investment company who owned the Art Deco icon sold their 75% share to oil-rich Abu Dhabi for an undisclosed price yesterday, although it was believed in June that the cost would be approximately $800million. Tishman Speyer Properties hold the last quarter share of the building and as part of the deal are to remain in control of the building.
Having been set up in 2006 by President Sheik Khalifa, the Abu Dhabi Investment Council is charged with building up a balanced investment profile and is able to make tax-free investments both inside and outside of the Emirates.
Niki May Young
News Editor
British building firm lays off over 1000 staff
British housebuilding firm, Persimmon Homes, has been forced to cut over a quarter of its workforce as it feels the strain from the Credit Crunch. Home sales plummeted by 31% in the first quarter of this year resulting in the loss of 1,100 job cuts at the company commencing in May it was reported by Reuters. Persimmon Homes is one of the top three housebuilders in the UK with over 450 developments nationwide trading under Persimmon Homes and Charles Church brands. Persimmon Homes have seized advertising vacancies on their website.
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