London landlords squeeze cash from dead space - Reuters UK
LONDON |
LONDON (Reuters) - London landlords are renting out everything from vacant stores to empty sports fields, rooftops and even an abandoned quarry to cash in on the tight supply of space in the UK capital during the Olympic Games this summer.
Eleven million fans, sponsors and athletes are expected to arrive in Europe's second-most crowded city from July, stoking huge demand for storage, temporary shops and vantage points for TV cameras, in turn allowing landlords to cash in on otherwise dead space.
"You'll see usable space created that doesn't currently exist," said Mark Hughes-Webb, managing director of Space-2 Consultancy, a specialist real estate firm that finds buildings for events and film shoots.
"It's been a long time since the Games were in such a densely populated city," Hughes-Webb said. "People are having to be more imaginative."
London, the European Union's most densely populated city after Paris according to EU statistics, will host the games between July 27 and August 12. Homeowners have already hiked rents by up to six times in anticipation of the influx and commercial landlords are getting in on the act.
Unlike the last two Olympic cities of Beijing and Athens, where neighbourhoods were demolished to create venues, or they were located in more sparsely populated outlying areas, most of the 34 London sites are at the heart of built-up areas.
The Games' epicentre at Stratford in the east of the city has benefited from a 7 billion pound injection of infrastructure, sporting venues and homes, revitalizing an area better known for its polluted waterways and industrial estates.
Sites for hire include a former limestone quarry near the Bluewater shopping centre in Kent, southeast England, the owner of which is targeting contractors seeking temporary staff accommodation. Its proximity to a high-speed rail link means it is 30 minutes from the Olympic stadium in Stratford.
VACANT UNITS
Elsewhere the owners of a sports field in Chiswick, west London, are in talks with an overseas group of performers to rehearse for the handover ceremony to Rio de Janeiro, the Brazilian city that will host the Games in 2016.
Sites like these can cost between 10,000 to 20,000 pounds a week, Hughes-Webb said.
Also in demand are empty shops, particularly those close to busy retail areas like Oxford Street and Covent Garden, which are being snapped up by the likes of high-end U.S. clothing brand Opening Ceremony to house temporary, pop-up stores.
"Enquiries from landlords looking to lease out their vacant units during the Olympics have risen by 50 percent," said Rosie Cann, director at consultancy Pop-up Space.
Rents can be between a few hundred pounds to 20,000 pounds depending on the location and size. Stores generally remain open for between a day and two weeks, agents said.
Vacant shops around train and subway stations or Olympic venues are being rented by smaller sporting and drinks brands in need of makeshift space to store merchandise, Hughes-Webb said.
Not all attempts to find space are successful. Nike Inc's plan to build a temporary two-storey building to host exercise classes in Regents Park was blocked by Westminster council on the grounds it would ruin the park's appearance.
Equally those with empty space near venues may not see a big pay day. The London Olympic organising committee (LOCOG) bans non-sponsors from advertising within 300 metres of venues, keeping demand in check, property experts say.
Official sponsors Cadbury, BMW and British Airways are among those companies expected to seek temporary space near Olympic venues, which include a man-made beach on the Greenwich peninsula on the Thames built specially for the Games.
PANORAMIC VIEWS
Australian developer Lend Lease owns large chunks of land around the O2 arena, also on the Greenwich peninsula and the venue of the gymnastics and basketball competitions. It will lease out land earmarked for redevelopment to Olympic sponsors to make a short-term return and in an attempt to lure permanent office tenants to the area.
"We are most definitely making money from this," Simon Donaldson, Lend Lease's head of retail operations said, declining to say how much but adding it would be substantially more without the LOCOG rules.
Elsewhere demand from film crews keen to capture panoramic views of the London skyline has pushed up prices for rooftop space. Fees are likely to double from their norm outside of the Games to 300 pounds per hour over the period, Hughes-Webb said.
Developers of the 95-storey Shard skyscraper next to London Bridge train station, about six kilometres from the Olympic park, have been approached by a string of broadcasters about filming from western Europe's tallest tower, a spokesman told Reuters, declining to give further details.
Cash-strapped local councils are also getting in on the act. Newham, home to the Olympic stadium, has rented out the upper floors of two largely empty apartment blocks next to the Olympic Park to broadcasters BBC and Al Jazeera, while Redbridge council in northeast London is leasing out a forest to a temporary hotel company to house 4,200 Olympic security staff for an undisclosed sum.
Yet many landlords are missing out as they are unaware of the strength of demand for storage space, or the value of being close to the Olympic park, Hughes-Webb said.
"People are fixated on what the space is, not what it could be. They're looking at it and saying 'it's just an empty field'," Hughes-Webb added. "Well, it's not to us."
(Editing by Tom Bill and David Holmes)
Vauxhall sponsor England but stop workers from watching the Euros - The Sun
Bosses showed the red card to car factory staff who asked to watch tomorrow’s vital match against Sweden on TV sets.
The gaffers said it would breach “strict health and safety regulations”. They also barred scores of workers at Vauxhall’s plants in Luton, Beds, and Ellesmere Port, Cheshire, from seeing the 1-1 draw with France on Monday.
Outraged staff only saw the result after clocking off.
Ironically, production line workers feature along with England stars like Steven Gerrard and Joe Hart in a glitzy TV ad made by Vauxhall for the Euros.
The firm’s logo is on team jerseys. And the squad visited the Luton factory before the tourney.
Excited staff put up banners saying: “Good luck England from all at Vauxhall.”
One Luton worker angered by the TV ban said yesterday: “Our company is the main sponsor for England yet when it comes to matches we aren’t even allowed to watch.
“We work hard for the company. We’re gutted.”
Colleague Scott Boutwood, 35, said: “What an own goal. They’ll have to reconsider.”
Vauxhall said it was “proud” to sponsor England in a deal thought to be worth £6million a year.
But it added: “Strict health and safety regulations do not permit employees working on the production line to be distracted by matches shown on screens. And lines cannot simply be stopped to accommodate match times.”
Nissan has a similar ban at its Sunderland plant.
London Broncos considering more games away from Twickenham Stoop - BBC News
London Broncos say they are considering staging more games away from the Twickenham Stoop.
The Super League side played games at Leyton Orient's Brisbane Road and Gillingham's Priestfield Stadium earlier this season.
Chief executive Gus Mackay told BBC London 94.9: "They ticked a lot of boxes and we're pretty pleased with the way those two games went.
"It's certainly something we'd like to do again in the future."
He added: "A lot of new people came through the gate, which is what we wanted to achieve - with the idea they will come and watch us here [at Twickenham Stoop].
A crowd of 2,844 saw the Broncos lose to Bradford Bulls at Brisbane Road while 3,930 attended their narrow defeat to Hull at Priestfield Stadium.
"In terms of numbers, they didn't deliver what we wanted," Mackay continued.
"But compared with what we've been getting at here [at Twickenham Stoop], they were above [those] attendances."
However, due to both games being staged in May, the Magic Weekend and their Challenge Cup fixtures, the Broncos went nine weeks without hosting a Super League game at Twickenham.
But with an average attendance of just over 2,500 for Super League games at the Stoop, Mackay admits the club will have to carefully consider which matches to take to different grounds in the future.
"I hope we can find a balance," he said.
"You need a home base where you play 80 or 90% of your games but the idea of taking games to a new audience is the way we see developing the game and getting more people interested and watching.
"If you're going to do it and make them annual events you'll need to give those venues that we've done certainly another year or two, and maybe use another venue as well.
"You could do a model that would be 10 games at home and three on the road.
"I think it's important you try and select the right opposition as well and make a big thing of it so it becomes an annual event in everyone's calendar."
You wouldn't want to Occupy this! The squalid conditions of protesters' London camp are revealed - Daily Mail
By Ian Garland
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A mountain of discarded roadsigns and shopping trolleys protects a makeshift camps of tattered tents.
Eight months after they first occupied Finsbury Square, in the heart of the City of London, the anti-capitalist protesters who have set up home there show no sign of waning.
As another eviction threat looms this week, the 20 to 30 protesters - London's last remaining Occupy outpost - have barricaded themselves into their squalid camp ready to defend themselves against the police.
Occupy protesters have barricaded themselves into their camp on Finsbury Square in the City of London
Before protesters were evicted from the neighbouring camp at St. Paul's Cathedral in February, Finsbury Square was used as an overspill.
It later became an 'eco village' where sustainable technologies were showcased.
But there was no sign of that today. The once pleasant park is now a barren, litter-strewn dump.
20-30 'protestors' remain at the Finsbury Square camp - eight months after it was first 'occupied'
Residents of the square are bracing themselves for an eviction attempt on Friday and have barricaded themselves in
Islington Borough Council moved in March to start eviction proceedings against the 'residents' of Finsbury Square.
The most recent stay of execution expires on Friday after Justice Hickinbottom ruled at the High Court last week that Islington Council has the right to repossess the public space.
Islington councillor Paul Convery insists the time has come to move the camp on - claiming many legitimate protesters have been replaced by vulnerable homeless people.
He told the Guardian: 'The council has said from the outset that we support the right to peaceful protest, and we have tolerated Occupy's presence at Finsbury Square since October.
'However, it is now apparent that the character of the protest has changed and Occupy's presence is significantly diminished. In the protesters' place, we now see a group of vulnerable and homeless people who would be better cared for elsewhere.'
At one time protesters used the square to showcase sustainable technology, but it is now a litter strewn dump
But Tom McCarthy, a resident at Finsbury Square, insists the camp serves an important purpose.
He wrote on the Occupy Finsbury Square blog: 'This camp makes a political statement about our society.
'Since Occupy opened the camp on 21 October, it has become a home and community for many homeless people, for whom the system has failed.
'In evicting this community, Islington Council – who have helped to re-home some people that have ticked certain boxes – are potentially leaving some people in a much worse position than they are already in.
'We ask Islington Council to not go down the same route at the City of London Corporation – cleansing the City of homeless people is not the way forward. Helping to find real solutions is.'
Islington Council claims the camp is now just occupied by vulnerable and homeless people
Banners erected on the camp still preach anti-capitalist slogans, despite claims by councillors the square has become a haven for the homeless
Islington Borough Council are keen to repossess the square so they can start fixing the damage caused by protesters
London 2012: Are green and pleasant Games a real reflection of the UK? - BBC News
Meadows, fields, rivers, farmers tilling the soil and people playing cricket on the village green. It's the British countryside the Olympics opening ceremony will beam around the world. But is this rural idyll a realistic representation of the UK?
On 27 July the Olympic Stadium is to be transformed into country scenes as part of artistic director Danny Boyle's vision of a "Green and Pleasant" land.
He says the show was inspired by Shakespeare's play The Tempest and is about a land recovering from its industrial legacy. It will be a "reflection of part of our heritage" as well as a look to the future.
It is also meant to evoke William Blake's poem Jerusalem, which is seen as an emblem of Englishness.
But at a time when large-scale infrastructure projects such as HS2 and Heathrow's third runway are high on the political landscape, along with nuclear power stations and wind farms, and a rising population, is this rural idyll really recognisable?
For the Times' leader, the image of British life that instantly springs to mind is a somewhat different one.
"No! Not queues at Heathrow passport control and opportunistic entrepreneurs hawking 50p umbrellas for a fiver outside rainy Underground stations.
"It will be a portrait that brushes aside the workaday dust of daily life to reveal a country as recognisable to Caliban [from The Tempest] as his isle 'full of noises, sounds and sweet airs, that give delight and hurt not' as it is to John Major as his 'country of long shadows on cricket grounds, warm beer, invincible green suburbs, dog lovers and pools-fillers'," it says.
But it goes on to say Boyle has "rightly, interpreted his task as a celebration of what gives this country tang, a celebration that he aims to be idyllic, but not naive" - noting clouds, that can produce real rain, will hang over the stadium to bring the UK's signature summer weather to the proceedings.
The Daily Mail's Paul Harris is not so generous. He thinks people "could be forgiven for thinking it looked more like the land time forgot".
"Or for wondering, perhaps, if someone had unwittingly recreated Tinky Winky's Teletubbyland instead of Blake's Jerusalem," he goes on.
The Teletubby theme continues in the Daily Express, which thinks "the opening extravaganza is all a bit Laa-laa". "All it seems to need are Tinky Winky, Dipsy and Laa-Laa from the TV series," it says.
The Independent's Grace Dent is even less impressed. "Ducks force-fed shortbread, teens drunk on cider, petrol vigilantes... that's the real countryside, Danny Boyle," she says.
Dent also has a cautionary word about the nation's glee levels potentially dropping to "mild elation".
"You know that bit when the lights go out at the O2 and Kanye West emerges on a 50ft pink neon sugarcube? We want that. You know when Coldplay give out 40,000 LED Xylobands that pulsate right through Hurts Like Heaven when you're two drinks in? That, give us THAT," she says.
So is this vision of a green and pleasant land really the best way to show off the UK?
Rupert Uloth, the deputy editor of Country Life magazine, says it is "wonderful" that the UK is being celebrated through its countryside as it is "one of the most precious and valuable assets we have as a country".
"Lots of visitors come here to see it. For people who live in cities in Britain, it might be a bit of a dream or ideal, but people love getting out to the countryside, which is why we have national parks and a wonderful network of walkways and bridle paths.
"It is great that Danny Boyle is using it as a totem because everyone is aware of it," he says.
For Uloth, using the British countryside as a national emblem is "clever" because it is so unique.
"Because of its hedges, green grass, dairy cows and native trees, it couldn't be any other country in the world. And although cricket is played in other places, the context of a village green is very English," he says.
Uloth agrees projects such as HS2 and Heathrow's potential third runway are topical issues, but he says the fact they are so controversial only accentuates how special the countryside is, and "how worried people are about losing it".
Ellis Cashmore, professor of culture, media and sport at Staffordshire University, thinks Boyle is "a bit of a romantic" and takes an aspirational stance.
"I suppose we have to understand that this is not meant to be a graphic representation, but a satisfying vision of a perfect Britain - the place we'd all like to inhabit, not the actual place where we live out our daily lives," he says.
But he also makes the point that a more urban, or troubled, theme, might not be very picturesque.
"In fairness to Boyle, he wouldn't be expected to design a landscape where there are feral youths rioting in inner cities, or football fans spitting out racist abuse.
"His concession to youth is the moshpits. Are these still current? I thought they were very nineties," he says.
But what of Blake's "dark Satanic mills"?
"Well, it isn't quite William Blake, but it embodies many of the Chariots of Fire ideals," says Cashmore.
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