Quote:
Originally Posted by wjfox2004
Doesn't change the fact that LBT, Pinnacle, Heron, Leadenhall, Riverside South, Beetham, St George's Wharf, Merchant Square, Strata, tons of other midrises... are all pretty much certain to go ahead.
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I am more concerned about the timing of the development pipeline. For example it is obvious BL is not in a rush to build the Leadenhall Building. Initially demolition was due to be completed by April...
Initially basement works at Riverside South should have started this month as you know...We are a long way off. And they won't be built spec. They will complete below ground works to enable speed of delivery and wait for a prelet.
Same with 25 CP and Arrowhead which were initially due to be built speculatively. It has now emerged they will complete basements and wait for a prelet.
Regarding the Shard and Pinnacle the contracts have not yet been signed to build them. And these arab investors are financiers, not property developers like BL or CW, withlittle or no experience in London.
The two other large-scale developments I was interested in, Wallbrook Place and 20 Fenchurch Street have been delayed or could even been scrapped...
We are going to see a lot of cleared site in London next year ... that's my thinking.
