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Thread: Boom Over?

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    Senior Member Waterways's Avatar
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    Default Boom Over?

    Report says that the building boom in major northern cities is over.

    Contractors working across northern England have been told to brace themselves for a slowdown in major cities such as Manchester, Liverpool and Leeds.

    In its latest quarterly update, cost consultant Davis Langdon said the building boom along the M62 corridor and beyond was coming to an end.

    Report author Peter Fordham described Manchester as "probably having had its heyday" and also predicted work to drop off in Liverpool following the completion of a number of major schemes this year, including Grosvenor's Liverpool One – the renamed Paradise Street which is being carried out by Balfour Beatty and Laing O'Rourke.

    But Leeds is being picked out as the city where workloads are tailing off the quickest.

    Mr Fordham said: "Leeds is a classic example. With its oversupply of apartments, we are now seeing a marked fall in orders in the city." Leeds has been under the microscope in recent weeks after KW Linfoot halted its £155 million Lumière project, which Carillion is due to build.

    Meanwhile the city council shelved Simon Developments' £115 million Criterion Place 'Kissing Towers' scheme.

    The city has seen hundreds of flats built over the past few years, notably on parcels of former derelict land around the railway station and close to one its main thoroughfares, Wellington Street.

    But Mr Fordham said contractors on the other side of the Pennines should also start to worry about work drying up.

    He added: "Looking forward over the next couple of years, the North-west is going to be hit and this will be reflected on the ground with the number of schemes going ahead.


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    "Most of the rebuilding work in Manchester has probably already been done and while there is a lot of work going on in Liverpool, a lot of it will be finishing soon. That is going to leave a big hole in the market there." He added that most cities outside the capital would be hit by a softening market in the coming two to three years.

    London is best set to weather the problems, with huge schemes such as the 2012 Olympic Games and a series of extensive tunnelling jobs such as Crossrail.

    The report predicted that London prices will rise by 3 to 5 per cent per annum over the next two years but outside the capital it pegged the figure as low as 2 to 3 per cent.
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    Senior Member Waterways's Avatar
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    To think the goons at the council turned down Brunswick Quay Tower. The approving Government Planning Inspector said this of the Tower:

    IV Regeneration and Other Benefits

    390. The proposed tower would be of the highest design quality and would have a breathtaking impact on the skyline of Liverpool. It would represent a very significant private investment and would be perceived as a strong expression of confidence in the rejuvenation of the city that is now being seen after decades of decline. Whilst it is impossible to quantify the likely impact I consider that the proposal would act as a catalyst for further private investment. It would assist in achieving the wider objectives of national guidance, the RSS and local policy in assisting the continued rejuvenation of central Liverpool which forms one of the Regional ‘Poles’ for development identified in the RSS. Furthermore the site is within the ‘Newheartlands’ Pathfinder Area. I consider that the potential benefits both for the image of the city as a whole and the immediate locality would be considerable and should not be underestimated (38-41, 284-288).

    The new Amsterdam at Liverpool?
    Save Liverpool Docks and Waterways - Click

    Deprived of its unique dockland waters Liverpool
    becomes a Venice without canals, just another city, no
    longer of special interest to anyone, least of all the
    tourist. Would we visit a modernised Venice of filled in
    canals to view its modern museum describing
    how it once was?


    Giving Liverpool a full Metro - CLICK
    Rapid-transit rail: Everton, Liverpool & Arena - CLICK

    Save Royal Iris - Sign Petition

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    Otterspool Onomatopoeia Max's Avatar
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    The architecture was probably too good for the council to approve.
    Gididi Gididi Goo.

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    Senior Member Waterways's Avatar
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    Quote Originally Posted by Max View Post
    The architecture was probably too good for the council to approve.
    The bunch of Philistines would not know good architecture if it slapped them in the face.
    The new Amsterdam at Liverpool?
    Save Liverpool Docks and Waterways - Click

    Deprived of its unique dockland waters Liverpool
    becomes a Venice without canals, just another city, no
    longer of special interest to anyone, least of all the
    tourist. Would we visit a modernised Venice of filled in
    canals to view its modern museum describing
    how it once was?


    Giving Liverpool a full Metro - CLICK
    Rapid-transit rail: Everton, Liverpool & Arena - CLICK

    Save Royal Iris - Sign Petition

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    ?The residential development pipeline in Liverpool city centre has almost dried up?Estate agent Julian D?arcy Read
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