Heathrow Airport says it will take steps to reorganise and shrink its operation to remain open throughout the Coronavirus (Covid-19) crisis.
Keeping Heathrow open will enable some passenger services to continue, as well as facilitating cargo operations.
The Airport also says that to safeguard the financial resilience of the business, they are taking a number of steps, include reducing operating costs, cancelling executive pay, freezing recruitment and reviewing all capital projects. The management team are reviewing further actions which can be taken if required and as the situation continues to develop.
The UK Government has also confirmed that it will provide support for the UK aviation sector – including airlines and airports.
The airport says prudent management over the past decade means that they are “well funded and in a robust financial position, with cash and committed facilities available of £3.3 billion designed to maintain at least a 12-month liquidity horizon”.
Barnet Council and TfL have completed the Section 106 agreement for the redevelopment of the Colindale Station site, and the council has issued a formal approval.
The scheme involves a comprehensive redevelopment of the site, with full planning permission for the demolition of the existing buildings to provide a replacement railway station ticket hall building and including a retail unit. Outline planning consent has also been granted for the construction of a mixed use development ranging from six to 29 storeys in height including up to 860sqm of flexible retail, employment and community uses and up to 313 flats comprising of 168 market sale flats, 25 for social rent, and 120 intermediate.
It is hoped the development will be a catalyst for economic growth for the area around the station.
Avison Young handled planning for TfL on the BDP designed scheme.
ZEDHomes has had its plans for a 581 home redevelopment of the Abbey Manufacturing Estate in Alperton recommended for approval by Brent Council.
The plans, designed by Broadway Malyan, were originally submitted in December 2018. The recommendation for approval is subject to a number of conditions including 115 of the homes being a mix of affordable rent and shared ownership.
The scheme would involve the demolition of the canalside industrial estate and its replacement with a mixed use development of buildings ranging between three and 14 storeys containing 581 residential units, 14,500 sq ft of flexible commercial floorspace of which 6,000 is to be affordable, car parking, landscaping and ancillary facilities.
Bell Cornwell are handling planning for ZEDHomes.
SMEs and higher education students came together with the Digital Grid Partnership for an evening of capacity-building and reviewing
Supported by the GLA and funded by the ESF, a Digital Skills Partnership review event was held at Barnet and Southgate College’s Wood Street Campus. In attendance were representatives from local SMEs (small to medium enterprises) working in the technical and creative sectors, working alongside College staff staff to review IT modules for higher education courses.
The aim was to ensure currency and relevance for SMEs in London. Mark Casey from Nexus UC, David Cole from Netrix Internet Innovation and Bidemi Alabi from Barnet TV are amongst those supporting the initiative. Also present were higher education students who engaged in “S.K.E.-ing” (speed knowledge exchanging) with the employers. The next stage is to co-design new curriculum modules and build capacity for work experience.
Inland Homes plans for Hillingdon Gardens have been called in by the Mayor of London following local refusal.
The plans would deliver more than 500 homes in a development of a development of up to 11 storeys on the former Master Brewer site next to the junction of Long Lane and Freezeland Way. The developer describes it as a residential-led, mixed-use neighbourhood of 514 homes, including 179 affordable homes and 1,250sqm of commercial space.
Hillingdon tube station adjoins the site, with direct services into central London in approximately 35 minutes.
Stephen Wicks, Inland Homes CEO, commented: “The announcement that the Mayor of London is ‘calling in’ the Hillingdon Gardens planning application is very welcome, demonstrating our unrivalled ability to identify brownfield sites where we can add value. Not only will Hillingdon Gardens deliver more than 500 much needed homes to the area, it will also provide additional employment opportunities and public realm benefit”.
The sale of White City Place is progressing, with four bidders now understood to be still in the race.
An international group including Cadillac Fairview (Canada), GIC (Singapore), Peterson Group (Hong Kong) and Great Portland Estates (UK) have, it is understood, made it through to the second round in the race to buy the 966,290 sq ft office campus.
Stanhope, Mitsui Fudosan and AIMCo put its lease, which runs until 2035, over the 17-acre site up for sale with Eastdil Secured for around £250m.
The campus contains WestWorks, MediaWorks, the Garden House, Television Centre, Energy Centre and the Lighthouse building. Tenants already include the BBC, ITV Studios, YOOX Net-A-Porter, The Royal College of Art and Huckletree with L’Oréal set to move in soon.
The BBC sold the site to Stanhope, Mitsui Fudosan and AIMCo in 2015 for £87m, and has since redeveloped Television Centre into 432 homes, and a hotel and office space, while refurbishing WestWorks, MediaWorks and Garden House.
The London Borough of Ealing, in association with Branduin Business Support are offering a fully funded support package to enable local businesses get ‘Fit to Bid’.
The programme involves an initial Bid Capability Assessment of each company, and experts then provide 1:1 advice to improve their chances of winning more contracts. The programme is worth over £3,000 for each business, and is fully funded by Ealing Council
There are ten specialist workshops, including “Ten Golden Rules for Successful Bidding”, “Writing an effective Executive Summary”, and “Marketing to Tier 1 Suppliers”.
Interested firms should visit the website to complete the simple online Bid Capability Assessment Questionnaire.
Brent Council has shown its first set of proposals for the regeneration of the St Raphael’s Estate.
The consultation showed initial designs for infill development and redevelopment – the two approaches being considered to improve St Raphael’s for existing residents while also providing new affordable housing.
Karakusevic Carson Architects, who residents appointed as their chosen architect in July 2019, have created the initial designs following a set of workshops.
Councillor Eleanor Southwood, Brent’s Cabinet Member for Housing and Welfare Reform, said: “For the last year we’ve been working closely with residents and community groups as they have created plans for how their estate could look and feel in the future. It’s vitally important that the community continues to lead the design process, so I encourage everyone living locally to tell us what they think and their preferred design option.”
Chair of the estate’s resident board St Raphael’s Voice, Asif Zamir, said: “The public exhibition is a significant milestone for all residents; I’m excited to see the community turn out and to have some thought provoking conversations on the possibilities, and their aspirations, for the future of our estate. We will continue to empower residents to lead the way forward together, so that we can get the best outcome for everyone whichever option is preferred.”
Following the exhibitions, the community’s preferred initial designs will be tested to ensure they meet planning guidelines and are affordable. Later this year eligible residents will choose their preferred vision for the future of St Raphael’s.
- North End Road – A Community Led Re-Design (London Borough of Hammersmith & Fulham) – A multi-faceted place-based project focused on improving the high street and market along North End Road – receives £1,000,000
- Open Havelock, Catalyst Housing (London Borough of Ealing) – To deliver a new canoe club, multi-use sports facility, and workspace, alongside a new play space within the Havelock Estate utilising a series of undercroft spaces that are currently fenced off. The project will also improve the public realm to the Estate’s edge with the Grand Union Canal and deliver an innovative evaluation programme to monitor the long-term impact – receives £517,587
- West London Disability Hub, Action on Disability (Hammersmith) – To create a new community and service centre for disabled Londoners. The centre will provide benefits advice, employability training, employer training as well as independent living courses. The works will fit out a ground floor unit within a new-build development, as well as create a new community garden space at the back of the community centre – receives £153,670
In the latest round, Mayoral pledges include £50,000 to The Lexi Hub Appeal in Brent – the UK’s first social enterprise cinema. If successful, its crowdfunding campaign will help it provide 2,000 hours of additional community activities, screenings and volunteering opportunities each year, as part of its wider work to tackle isolation and support the local community.
Under the crowdfunding model, once each campaign successfully reaches their fundraising target the Mayoral pledges will be released. The programme is delivered in partnership with civic crowdfunding platform Spacehive.
Valor Real Estate Partners has bought a 100,000 sq ft multi-let industrial park in Ruislip and a 38,000 sq ft property in Park Royal.
The Ruislip acquisition comprises 10 fully-let units, while the second acquisition in Park Royal is located off the A40. They acquired the two along with another property in Thurrock for around £50m.
Gustav Detter, Vice-President Investments at Valor, said: “We are delighted to have secured three prime assets in some of the most attractive London submarkets. These assets are very well-placed to benefit from above average rental growth on account of low vacancy rates and increasing occupier demand for logistics assets in these areas.
“Valor continues to pursue our strategy of acquiring quality last-mile logistics assets in supply constrained submarkets with substantial capital available for new opportunities.”
The 2020 Technology Innovation Hubs report includes perspectives from KPMG’s latest global Technology Industry Innovation Survey, now in its eighth year.
More than 800 global technology industry leaders ranked the cities and countries that are leading innovation centers. The publication also outlines what technology company executives and venture capitalists should consider when selecting and investing in technology centers.
Singapore is the only location in the world ahead of London on the list of “leading technology innovation hubs outside Silicon Valley”. Tel Aviv, Tokyo, and New York were ranked third, fourth and fifth respectively.
Survey respondents voted a modern infrastructure the most important factor to enable a city to become a technology innovation center, followed by an urban locale that attracts young professionals, the presence of at least one research university, and available investment funding.
TfL has announced that it is working with A2Dominion to bring forward plans to deliver around 400 new affordable homes in Hounslow.
The proposals, which cover a 1.48 hectare site, have been designed by HKR architects and include the delivery of around 400 new affordable homes across four buildings. They will be a mixture of both shared ownership and London Affordable Rent, which provides low-cost rented homes to support low-income households. The rent levels for London Affordable Rent are set by the Mayor of London and are substantially below open market rents.
TfL say the site is being designed with a sustainable focus and includes the planting of new trees and a range of biodiverse planting across the development.
The development will provide a range of benefits for the local community, including improved pedestrian and cycling facilities, such as cycle parking.
There will also be a new public square and gardens for the local community and around 1,400 sqm of retail space created.
The designs will ensure that the station’s Grade II-listed ticket hall is preserved and kept at the centre of the proposals. The new station concourse, which will be built as part of the development, will also allow for improved step-free access via lifts to be provided in the future.
“We’re looking forward to engaging with the local community on our plans, which also include a variety of improvements for the local area, including a new public square and gardens and cycle parking”, said Jonathan Cornelius, Head of Property Development, at TfL
Danny Lynch, Director of Land at A2Dominion, said: “Hounslow is a very important borough for us, having provided homes in the area for over 70 years we have developed a very strong relationship with the council. Through schemes like this, we expect that relationship to strengthen further in the future.”
A new decade means change for every small and growing business. It means new opportunities as technologies emerge, markets develop, consumer tastes change and business needs evolve. It’s a time when every small business needs to ask itself: are we ready?
The London Growth Hub Roadshow is taking place in Hammersmith on March 11 and 12. The Roadshow aims to ensure that small businesses are equipped and resilient.
Working with respected partners, including Google, Facebook, The British Library, this roadshow delivered by the London LEAP will be hosting a range of workshops open to SMEs and business owners.
Google: Social media strategy (9:00am – 10:00am)
Google: Build your brand online (1:00pm – 2:00pm)
Facebook: Find new customers using Instagram (5:00pm – 7:00pm)
Facebook: IG Story school (10:00am – 12:00pm)
MOPAC: Cyber security (10:00am – 11:00am)
British Library: Developing new business ideas at a time of change (2:00pm – 3:30pm)
The West London Spring Property Lunch will take place on Friday 27 March 2020 at Fulham Palace, 1pm.
This Spring, with the support of Better Futures and WSP, the spotlight will be on CleanTech and green construction. The WLB property lunches bring together key influencers from West London’s property, construction and planning sector for networking during a three-course lunch.
The West London Spring Property Lunch will take place at Fulham Palace. The Palace is a Grade I listed building with medieval origins and was home of the bishops from at least the 11th century until 1973. The Fulham Palace Restoration Project began in the 2000s and was completed in 2019.
Speakers are Paul Vick, Principal Architect, Paul Vick Architects; and Nick Belsten, Executive Director, WSP.
Link for booking can be found here.
West London companies have won half the awards available at the London Business Awards 2020.
The London Business Awards are a celebration of some of the most exciting companies and entrepreneurs based in the UK capital, showcasing their success stories and highlighting London’s status as a global business community.
With award categories spanning a variety of growth areas, this year’s winners were (West London companies in bold):
• One To Watch – Spyras (an Imperial College spin off)
• Disruptor of the Year – Mitt Wearables (based in the Ugli Building in White City)
• Best London Newcomer – Sitetracker (based in Hammersmith Town Centre)
• Impact Award for Education – VotesForSchools
• Impact Award for Health – Medshr (based near Charing Cross Hospital)
• Impact Award for Environment (joint winner) – Olio
• Impact Award for Environment (joint winner) – Ocean Bottle
• Startup of the Year – FilmChain (and Imperial College supported spin out)
• Scaleup of the Year – Checkout.com
• Paying It Forward – Dr Anne-Marie Imafidon MBE
In his speech at the ceremony, Rajesh Agrawal, Deputy Mayor of London for Business, reiterated that London remains open to business, talent and investment from around the world. Sadiq Khan, Mayor of London also said: “My warmest congratulations go to all the winners and nominees. London is a richer, stronger and more vibrant place thanks to their contributions, helping to power our economy, enrich our society and create the prosperity that sustains our communities.”
Laura Citron, CEO London & Partners, London’s international trade, investment and promotion agency added: “It’s an important time to be celebrating London’s business community – its diversity, creativity, ambition, knowledge transfer and warmth. These awards are an opportunity to shine a light on the success of London’s businesses that make London such a global hub for innovation.”
A number of awarded companies are graduates of the Business Growth Programme and the Mayor’s International Business Programme – the accelerator programmes run by London & Partners that provide free support services to help high-growth startups and scaleups expand in the capital, and beyond. Between them, the Business Growth Programme and Mayor’s International Business Programme have supported more than 1500 London-based businesses in the technology, life sciences, creative and urban sectors.