TfL moves step closer to offering 4G mobile coverage on the Tube from 2019 with plans to roll it out to Elizabeth Line and Crossrail 2 October 18, 2018 Tube passengers should soon be able to read emails and check Twitter on the go, as Transport for London (TfL) has formally kicked off the procurement process to deliver 4G mobile coverage across the Underground. TfL is on track to introduce 4G coverage from next year, with plans to branch out further and incorporate the [...]
FCA could slap fine on TfL for not informing London Stock Exchange of Crossrail delay in July October 18, 2018 The financial watchdog is considering whether to launch a formal investigation into Transport for London (TfL) over its alleged failure to inform the London Stock Exchange (LSE) about the impending delay to Crossrail in July. On 31 August Crossrail announced that the £15.4bn Elizabeth Line, which will connect Reading and Heathrow in the west to Shenfield [...]
Green light given to £230m Docklands tower October 16, 2018 Plans to build a £230m apartment block on the Isle of Dogs were given the green light today, joining a growing list of residential towers set for development in London’s Docklands. Central London developer LBS Properties is set to start construction on the 48-storey scheme for 332 flats near Canary Wharf after being given planning permission [...]
MPs call for £25m funding injection to extend Elizabeth Line to Kent October 11, 2018 MPs and council leaders have called for a £25m funding injection to extend the delayed Elizabeth Line to Ebbsfleet. A cross-party group of MPs, including former defence secretary Michael Fallon, Labour MP Teresa Pearce and Tory MP David Evennett, submitted their Budget submission to rail minister Jo Johnson this morning, in which they asked for the funding injection before the [...]
Crossrail faces handover to government if costs continue to rise October 7, 2018 The government could take over the reins of Crossrail from its fellow joint sponsor Transport for London (TfL) if a lid is not kept on the costs of the £15.4bn project. The Sunday Times first reported that in Crossrail's sponsor agreement, signed in 2008, there is a clause that entitles the Department for Transport (DfT) [...]
Property bosses clamp down on the white van man in bid to protect London business October 7, 2018 London’s landlords are declaring war on vehicle deliveries, amid fears that overcrowded and polluted streets are jeopardising business. Property heavyweights fear that worsening congestion is driving commuters, shoppers and tourists away from major destinations in the capital, as the rise of online purchasing leads to ever more delivery vans, motorbikes and lorries. Moves to pedestrianise [...]
London office take-up climbs as Crossrail arrival and new hotspots fuel demand October 4, 2018 Demand for office space in Central London jumped in the third quarter of 2018, with take-up in the capital’s commercial property sector showing no sign of a slowdown in the run-up to Britain leaving the EU. Office take-up in the three months to the end of September hit 3.7m square foot, marking a six per [...]
Sadiq Khan accused of misleading public over nine-month Crossrail delay October 3, 2018 Members of the London Assembly have accused Sadiq Khan of misleading the public over what he knew about a nine-month Crossrail delay that infuriated commuters when it was revealed this summer. The Assembly's transport committee, which has been investigating the delay, has sent a damning letter to London mayor Khan. The letter, seen by City A.M., [...]
Slovakian developer HB Reavis launches its first London flexible workspace arm October 3, 2018 A Slovakian real estate developer with a growing UK portfolio has become the latest property heavyweight to enter London’s flexible office workspace market, after introducing its co-working brand into the capital this morning. HB Reavis is launching its ‘HubHub’ workspace label within its £30m offices at 20 Farringdon today, where it will occupy roughly 34,000 [...]
South Korean backers splash out £100m for Microsoft HQ October 1, 2018 Microsoft’s vast HQ campus in Reading has been snapped up by a London-based real estate investor and a Korean asset manager for £100m today. Valesco Group and Seoul-headquartered AIP Asset Management have bought the tech firm’s 245,000 square foot park in the run-up to the arrival of Crossrail’s Elizabeth line, which is set to strengthen [...]