The National Newspaper reports
“Firms fully or partially owned by the Government, such as Dubai Properties, Emaar Properties and Nakheel, will be able to tap into the first US$10 billion (Dh36.73bn) of what will eventually be a $20bn sovereign bond programme, to meet their financial obligations. The Central Bank agreed to lend the money to Dubai earlier last week.”
[SOURCE: The National Newspaper – Cash boost for property firms]
Technorati Tags: UAEgovernment, dubai, crisis, emaar, nakheel, central bank dubai, dubai
Architects Journal reports
“Thomas Heatherwick will landscape the new Chelsea Barracks complex, which has had a substantial overhaul in response to local concerns
The developers of the £1-billion West London development – a joint venture between a company owned by one of the Candy brothers and Qatari Diar Real Estate Investment Company – have made a number of design changes following comments by CABE and local residents.”
[SOURCE: Architects Journal – Heatherwick to landscape redesigned Chelsea Barracks]
Technorati Tags: Heatherwick, Chelsea Barracks, West London, CABE, Qatari Diar,
The competition | Concurso Internacional Parque de Valdebebas
The aim of the competition is to secure the services of a multidisciplinary team that will plan and design a new urban park of approximately 80 hectares in Parque de Valdebebas. The design should resolve the transition between the urban area currently being developed and the adjacent forest park. Of utmost importance will be the proposed uses and their suitability for the scale and location of the park. To this end the winning design will need to make the most of the planning, landscape, environmental and social opportunities offered by the site.
More information go to the competition website
SOURCE: The competition | Concurso Internacional Parque de Valdebebas via AILA
Technorati Tags: Spain, Parque, park, international design competition, landscape architecture, landscape design,
Finance and Commerce reports
“We believe it’s a great time to develop because there’s not a whole lot being developed,” said Robb Bader, vice president of acquisitions and development for St. Louis Park-based Bader Development. His firm, in fact, is gearing up to break ground on a $31 million apartment development in St. Louis Park.
The St. Louis Park-based developer is planning to begin construction on The Ellipse, a project offering 132 rental units and 16,000 square feet of ground floor retail space, at the northwest corner of France Avenue and Excelsior Boulevard.
project team includes Minneapolis-based DJR Architecture,
Minneapolis-based Damon Farber Associates as landscape architect and
the Hopkins-based Frana Companies as general contractor. The
Minneapolis-based Ackerberg Group will lease the commercial space in
SOURCE: Finance and Commerce