The founders of property developer Urban Splash are to sell off almost a quarter of the company’s equity to its management team and have agreed a refinancing deal with three banks worth £125m.
Chairman Tom Bloxham and chief executive Jonathan Falkingham are selling 24 per cent of the shares to seven of its most senior staff, who will be given the option of buying between one and five per cent for an undisclosed price.
SOURCE: Crain’s Manchester Business – Urban Splash founders sell 24 per cent to managers –
Faizan Jawed, 22, is not too excited about the increase in the number of malls and multiplexes dotting the city’s landscape lately. Unlike people his age, he believes that the “horrid architecture of these places is killing the city.” But unlike many, he wants to do something about it; and his ideas have won him a prestigious prize.
Jawed has been awarded the 6000 pound (approximately Rs 5 lakhs) RIBA Norman Foster Travelling Scholarship, named after the internationally renowned architect and administered by the Royal Institute of British Architects (RIBA), which will help him study pioneering sustainable infrastructure projects across three continents. His prize winning research proposal was ‘The Role of Public Transport in Shaping Sustainable Human Habitats,’ in which, he suggests ways to make Mumbai a pedestrian and cycling friendly city.
Source: DNA – Daily News & Analysis – Mumbai – A pedestrian-friendly city
Prominent architect Adrian Smith has won a commission to design a $7-billion mixed-use development in Dubai, United Arab Emirates, a lucrative assignment likely to fuel rapid growth at his two-year-old firm.
Read more @ the SOURCE: Chicago Business News Smith & Gill wins Dubai deal .
A living roof, drains which lead to sunken wetland, water heated with solar panels – it sounds like something from a green home in the future but these are all standard features of a new housing development in Northampton.
The properties, which all lie just off the A45 by Sixfields, boast a ‘sustainable urban drainage system’ which offers an alternative to traditional drains.
Instead of using sewers for rainwater, the development has specially designed reed-bed ditches which create habitats for wildlife, as well as reducing the risk of flooding in heavy rains.
Read more @ the SOURCE: Northampton Chronicle and Echo – Living roofs, solar panels – all standard in new homes
The University of Toronto today announced an historic $14-million gift by John and Myrna Daniels to the Faculty of Architecture, Landscape, and Design, the largest ever private gift to any architecture school in Canada.
The gift will fund a major physical expansion and renovation of the faculty and will also endow a scholarship fund for outstanding architecture, landscape and design students. In recognition of the powerful impact this gift will have on the university, U of T will name the Faculty the John H. Daniels Faculty of Architecture, Landscape & Design. John Daniels received his bachelor of architecture degree from U of T in 1950 and went on to become one of Canada’s most important developers of residential communities.
“The Faculty of Architecture, Landscape & Design has a fabulous tradition of contributing to the creation of beautiful and functional buildings and sustainable cities,” said President David Naylor. “The Daniels’ remarkable benefaction will play a pivotal role in the education of the next generation of architecture leaders in Canada.”
Read more @ the SOURCE: University of Toronto – $14-million gift launches transformation of architecture education at U of T
Construction officially started on the London 2012 Olympic Park today as the Olympic Delivery Authority (ODA) began work on the Olympic Stadium – three months earlier than originally planned.
The work to create the permanent foundations for the Stadium was witnessed by Prime Minister Gordon Brown who had an opportunity to meet workers on site. In the next few years over a thousand workers will help build the venue.
The Stadium will be the centre-piece for the London 2012 Games with over 4bn people across the world watching the Opening and Closing Ceremonies and the track and field events.
SOURCE: London2012.com – News: Olympic Park construction gets early start.
The U.S. Green Building Council’s new rating system for Leadership in Energy and Environmental Design in neighborhood development, known as LEED-ND, is coming under fire for not putting a greater emphasis on affordable housing.
Critics say LEED-ND, in its current draft, discourages participating developers from alloting dollars into expensive energy-efficient affordable housing if their payback is, at most, four points out of a possible 106. They worry the point system, and any resulting developer disincentives, will get ingrained in municipal law books if local governments continue to adopt LEED standards at unprecedented rates — all at a time, they add, when the growing gap between wages and mortgages is creating an affordable housing crisis regionally and nationally.
In a recent study by Cambridge, Mass.-based New Ecology Inc., the cost of building green affordable housing held a nearly 3 percent premium, ranging up to 9 percent on some projects.
read more @ the SOURCE: Mlive.com – Critics say new green rating hurts affordable housing.
Ed: Although an interesting article however the article doesn’t mention the savings that low-income families will gain with lower energy bills.
More education of the public in relation to LEED is needed (eg initial construction cost vs long-term running costs and reduced environmental costs). Urban Planning also becomes more important including density of housing.