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
JAMAICAN Gregory Minott and team members Troy Depeiza and Snehal Intwala won the US$10,000 prize for Best Design for Building in the Dudley Square Community Charrette and Design Competition.
The Boston Society of Architects hosted the competition in association with the City of Boston, the Boston Redevelopment Authority, Common Boston and the Roxbury Masterplan Oversight Committee, as part of the public programming for the American Institute of Architects’ 2008 National Convention in Boston.
SOURCE: JAMAICAOBSERVER.COM – Jamaican wins Boston community design competition –
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 .
Today is the first day of the ban on retailers supplying plastic bags to customers. Numerous
retailers have started charging customers between 0.3 to 0.5 yuan per bag and supplying the alternative of heshian or material bags for shopping.
The law has come into effect to try and reduce the the direct pollution of the environment and the indirect pollution through the production of plastic bags. The production of plastic bags uses thousands of litres of oil per day in China.