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 .
Fritz Haeg isn’t perhaps the obvious representative of a revolution in global farming. As an architecture and design academic and practitioner, the American has had his work exhibited at Tate Modern and the Whitney Museum of American Art, and has taught fine art at several US universities. Yet it is last year’s community-collaborative project on an inner-city council estate in south London that best showcases his current passion: the urban farm.
Read more @ the SOURCE: The Independent – The urban farmer: One man’s crusade to plough up the inner city
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