Gulf News(UAE) reports “Bahrain’s real estate market is starting to feel the effects of the global financial crisis, but its modest growth rate should prevent it from seeing a sharp decline, local property experts say.”
[SOURCE: Gulfnews: Bahrain’s real estate feels pinch as buyers shun new properties].
Building.co.uk reports that “Architect McDowell + Benedetti has won the competition to masterplan a former JCB site in Staffordshire.”
SOURCE: Building.co.uk – McDowell + Benedetti wins 9ha Uttoxeter masterplan scheme
A deal worth up to £350m that will help deliver Crossrail on time and on budget has been finalised with the City of London Corporation. The agreement was announced today by Andrew Adonis, Transport Minister, Boris Johnson, Mayor of London and Sir Michael Snyder of the City of London Corporation.
The Minister and the Mayor also announced the signing of a series of core funding and governance agreements that will underpin the project.
The City of London Corporation has agreed to make a direct contribution of £200m to the Crossrail project. In addition, the City Corporation will seek contributions from businesses of £150m, and has guaranteed £50m of these contributions.
Today’s confirmation of funding and governance agreements means that Cross London Rail Links Ltd (CLRL), the company responsible for the delivery of the project, will now become a wholly owned subsidiary of Transport for London. This finalises how the project will be governed and continues to build momentum toward the start of main construction works in 2010.
The route goes from Maidenhead and Heathrow in the west right across the capital into Essex and Kent in the east. It travels underground through the city centre between Paddington and east London.
SOURCE: Greater London Authority – Press Release.
The Guardian reports
“Andres Duany flew in from America and yesterday unveiled a 64-point litany of mistakes made by British architects and planners over the last 50 years.
Duany is one of the original designers of Poundbury, the prince’s new town in Dorset, and said the leading lights of modernist architecture including Richard Rogers, Frank Gehry, Zaha Hadid and Peter Eisenman were “increasingly irrelevant”.”
SOURCE: The Guardian – Architect slams ‘dismal’ UK design