Billionaire businessman Teddy Sagi buys Grade II-listed Holborn building for £300m September 17, 2019 Billionaire businessman Teddy Sagi has bought a Grade II listed building in Holborn for £300m through his co-working investment vehicle Labtech. The 300,000 sq ft Victoria House, a neoclassical building constructed in the 1920s, is Labtech’s largest acquisition to date and brings the total value of its property portfolio to around £3bn. Read more: Belgravia’s [...]
Sadiq Khan’s Ulez charge cuts polluting vehicles by over a third and bags TfL £51m September 17, 2019 Sadiq Khan’s Ultra-Low Emission Zone (Ulez), has raked in £51m in its first four months while also reducing the number of polluting vehicles in central London by a third. The policy, which charges polluting vehicles £12.50 a day for entering into the zone, was launched in April by the London mayor. Since then, the number [...]
Mike Brown hits out at ‘bonkers’ TfL borrowing limits September 16, 2019 Transport for London (TfL) boss Mike Brown has criticised the government for imposing “bonkers” limits on its borrowing and for failing to provide it with long-term certainty over its funding. The TfL commissioner told City A.M. that the organisation’s borrowing caps, which are set by government, were based on “no logic other than discussions within [...]
Bank station commuters warned of travel chaos as TfL prepares to shut DLR concourse ‘until 2022’ September 16, 2019 Commuters face years of chaos and overcrowding at busy Bank station starting later this month as the DLR concourse will be shut down as part of the station’s 2022 upgrade. Users of the DLR, which links the Dockland area of east London to Bank, will be directed through a one-way system – which could be [...]
Integrity International Group buys iconic TfL building for £120m September 16, 2019 Transport for London (TfL) has sold its Grade I-listed 55 Broadway headquarters to Integrity International Group for more than £120m. TfL put the 150-year leasehold for the St James’s office complex on the market in May this year in order to reduce its office administration costs and increase revenue for infrastructure works. Read more: Transport [...]
Sadiq Khan under fire for calling Shaun Bailey ‘frit’ in heated City Hall exchange September 12, 2019 Sadiq Khan and Shaun Bailey have traded fresh blows at City Hall this morning, with the mayor calling his Conservative challenger “frit,” and “a wuss”. Khan came under fire from the Conservative Assembly Member for being childish during the monthly Mayor’s Question Time, after implying he was too scared to ask him questions. Read more: [...]
Raising the roof: Bank Tube station upgrade reaches major milestone September 12, 2019 The upgrade project at Bank Tube station reached a major milestone this week as work was completed on the roof of the new entrance on Cannon Street. Read more: Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels Transport for London (TfL) said workers had “topped out” the new roof, [...]
Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels September 11, 2019 Tube drivers have threatened disruption on four London Underground lines after voting overwhelmingly in favour of industrial action in a dispute over noise levels. Drivers who are members of the RMT rail union voted by over 95 per cent in favour of industrial action in a ballot covering the Jubilee, Central, Northern and Victoria Lines [...]
Tube delays: Disruption strikes Circle, Hammersmith & City and Metropolitan Lines September 10, 2019 Severe delays are affecting three London Underground lines today as commuters face a difficult journey into work. Read more: Northern Line suspension causes day of misery for Tube commuters The Circle Line, Hammersmith & City Line and the Metropolitan Line all suffered disruption in this morning’s rush hour as Transport for London (TfL) advised commuters [...]
Shaun Bailey confirms he will increase Tube fares – but says a price hike is already coming September 5, 2019 Tory mayoral candidate Shaun Bailey has confirmed he would put up Tube fares after saying the current mayor of London, Sadiq Khan, would do the same. Bailey, who is looking to replace Khan as London mayor in next year’s election, said a Transport for London (TfL) fare hike was a “done deal”. Read more: Shaun [...]