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 –
The UAE may soon be the world’s premiere home for theme parks as an increasing number of entertainment giants such as Paramount Pictures and Marvel Entertainment are teaming up with local developers to build mega resorts in the country. However, as billions of dollars are being poured into these projects, some experts are raising concerns about whether these parks will be as successful as hoped.
SOURCE: AMEinfor.com – UAE prepares for theme park boom - UAE Focus.
For Oklahoma State University landscape architecture graduate Jessica Waugh, the job search was more of a job sort.
Before Waugh even walked across the commencement stage May 3, she’d had four employment offers, including two from out-of-state companies. She picked a Tulsa firm and will start work next week.
Read more @ the SOURCE: NewsOK.com – State’s job market remains optimistic for many graduates
URBAN regeneration specialist Urban Splash has picked up the Best Residential Marketing Campaign award for its Saxton development in Leeds at this year’s Property Marketing Awards.
Urban Splash accepted the award at a ceremony organised by trade magazine Estates Gazette in partnership with The Chartered Surveyors Company in London. The award recognises the innovative marketing campaign employed by the company to raise awareness of the Urban Splash brand in Leeds and to promote Saxton, its first development in the city during the run up to the first public sales launch.
Source: Yorkshire Evening Post – Urban Splash makes a splash at awards –
Sometime in 2011, three twisting towers are set to shoot up along a man-made creek in the desert sheikhdom of Dubai.
Bent at the waist, the Signature Towers will be the work of the Pritzker prize-winning architect Zaha Hadid, who, with fellow Pritzker winners Norman Foster and Frank Gehry, is leading an architect rush to the Emirates.
“We are trying things out for the first time which we wanted to try out, but couldn’t,” said Patrik Schumacher, a partner at Zaha Hadid Architects. “We have found an unusual degree of receptiveness to new ideas in the Gulf.”
The Persian Gulf is home to more than $2 trillion worth of construction projects, fueled by a quadrupling of oil prices over the last five years. As the Gulf states – home to about 40 percent of the world’s proven crude-oil reserves – seek to diversify away from hydrocarbons, their appetite for landmark buildings is growing.
Read more at the Source: Hadid leading architectural rush to the Emirates International Herald Tribune.