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 [...]
The art of inclusivity: Any path to a fairer economy should have culture at its heart September 24, 2018 Culture and commerce have thrived alongside one another in the Square Mile for centuries, arguably since it was a bustling Roman port and commercial centre. Today, the City of London is home to a number of world-leading cultural institutions, with an enviable reputation for artistic excellence and innovation. You may be surprised to learn [...]
TfL to lose out on £10m in advertising from Elizabeth Line delay in further blow to finances September 23, 2018 Transport for London (TfL) is to lose a further £10m in advertising from the delay to the opening of Crossrail, City A.M. can reveal. The £15.4bn Elizabeth Line was due to open this December but has been delayed until next autumn because of safety concerns and delays to signalling testing. TfL was relying on the line – [...]
Boris Johnson’s flagship cycle superhighway costs £62,000 for every extra cyclist September 18, 2018 Boris Johnson’s controversial cycle superhighway, heralded as London’s “Crossrail of cycling”, is costing taxpayers tens of thousands of pounds for every new cyclist it attracts, according to new figures. Today’s new information from Transport for London (TfL) is likely to provide fresh ammunition to critics of the £47m project, which has come under fire from [...]
Beleaguered Grayling set to announce major new review of rail services September 16, 2018 The government is set to launch a major review of the UK’s railways this week, following widespread criticism and a series of operational problems. Transport secretary Chris Grayling is expected to appoint Keith Williams, the former boss of British Airways, to undertake a systematic, 12-month review of the country’s rail services. Williams is the deputy [...]
Crossrail chairman Terry Morgan says he will not step down in wake of Elizbeth Line delay September 12, 2018 Crossrail chairman Terry Morgan has said he will not step down in the wake of the nine-month delay to the Elizabeth Line. The £15.4bn project was scheduled to open in December this year but has been put back until Autumn 2019 following delays to signalling testing and safety concerns. The delay was roundly criticised by [...]
After Crossrail’s gruesome discovery we’ve mapped all the City of London’s plague pits: Do you work near one? August 12, 2015 Crossrail is unearthing all sorts of secrets from London's past. Today, people behind the major infrastructure project revealed that excavators had found 30 skeletons near Liverpool Street – victims of a “catastrophic event”, thought to be the Great Plague of 1665. “This mass burial, so different to the other individual burials found in the [...]
Crossrail workers find mass burial site containing victims of “catastrophic event” the Great Plague of 1665 at Liverpool Street August 12, 2015 Crossrail archeologists have uncovered a mass burial site at Liverpool Street containing the skeletons of victims from the Great Plague of 1665. A mass burial site containing 30 bodies was unearthed during excavation of the old Bedlam hospital ground at the site. A headstone found nearby with the date 1665, and the individuals [...]
Citymapper is showing Londoners how much time commuters will save with Crossrail, by suggesting journeys that don’t exist yet July 28, 2015 Citymapper is planning well ahead, offering commuters Crossrail journeys that won’t be available for another 41 months or so. If you’ve planned a journey across London lately and you own a smartphone, chances are you’ve used Citymapper, the cult transport app that’s won commuters over in 27 different cities since launching in London in 2012. [...]
Those Paolozzi mosaics from Tottenham Court Road station are being moved to Edinburgh July 28, 2015 When the first part of the new-look Tottenham Court Road station opened at the end of last year, one thing was conspicuous by its absence: the raft of mosaics by post-war sculptor Eduardo Paolozzi, installed at the station in 1984. Since then, passengers have complained vociferously about the absence of the brightly-coloured mosaics, which appear [...]