Battersea Power Station: ghost flats worth £1.8bn!

Versione in Italiano

We learned from the pages of London Evening Standard that “More than £1.8 billion worth of homes have been sold at Battersea Power Station since they went on the market in January last year”. None on these flats have been built yet.

Apparently most of this £1.8 billion came from the fortunate global launch that Battersea Power Station Development Company organized last month.  As we already suspected, the search for overseas investors has not been affected by fear of the chinese property bubble bursting – the due date of which is still under discussion among financial analysts.  The threat of a Mansion Tax did not slow the rush of foreigners to use their deep pockets in order to get their piece of Battersea Power Station. Even if the London property market, as shown in Estate Agents Knight Frank’s report (see below), has appeared to slow down in the last few months, off-plan sales seem to work pretty well.Taking Battersea Power Station as reference for this trend, The Newstatesman  recently reported that:

“Off-plan profits hit the headlines last week with reports that a studio flat in Battersea power station, sold for close to £1m in the spring, is now due to go back on the market for up to £1.5m before it has even been built.”

Before anything has even been built, and while our concerns about the “Big Bang” business model of monstrous development projects are all to be proven erroneous, Battersea Power Station Development Company has actually done what all Battersea Power Station’s previous developers have already proven to be masters at: demolition!

Battersea Power Station: photograph taken by Spectacle on 08/12/2014

The first chimney of Battersea Power Station is gone. In the next weeks we will probably see it to come slowly back to a new life while the other three will start coming down all at once. We hope that the £1.8 billion will give Battersea Power Station Development Company enough energy to prove that, other than demolitions, they are good at building too.

 

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Battersea Power Station: appartamenti fantasma già venduti per £1.8 miliardi!

English version

Abbiamo appreso dalle pagine del London Evening Standard che “More than £1.8 billion worth of homes have been sold at Battersea Power Station since they went on the market in January last year”. Nessuno di questi appartamenti è stato ancora costruito.

A quanto pare la maggior parte di questi £1.8 miliardi proviene dalle vendite avvenute durante il fortunato lancio globale che la Battersea Power Station Development Company ha organizzato il mese scorso. Come sospettavamo, la ricerca di investitori stanieri non è stata resa difficoltosa dalle paure riguardanti l’esplosione della bolla immobiliare cinese – gli analisti finanziari stanno ancora discutendo su quando ciò avverrà. La minaccia di una Mansion Tax (tassa su immobili di lusso) non ha rallentato la corsa degli investitori stranieri per accaparrarsi il proprio costoso pezzo di Battersea Power Station. Nonostante il mercato immobiliare londinese, come mostrato dal report dell’agenzia immobiliare Knight Frank (vedi sotto), ha mostrato rallentamenti nel corso degli ultimi mesi, le vendite su progetto sembrano funzionare molto bene.Prendendo la Battersea Power Station come esempio di questa tendenza, recentemente The Newstatesman ha scritto:

“Off-plan profits hit the headlines last week with reports that a studio flat in Battersea power station, sold for close to £1m in the spring, is now due to go back on the market for up to £1.5m before it has even been built.”

Prima che sia stato costruito alcunché, e mentre le nostre preoccupazioni riguardanti il “Big Bang” dei modelli finanziari usati dai grandi progetti di sviluppo immobiliare aspettano di essere falsificate dai fatti,  Battersea Power Station Development Company ha già realizzato l’unica cosa che  tutti i precedenti costruttori impegnati nel progetto hanno mostrato di fare con maestria: demolire!

Battersea Power Station: fotografia scattata da  Spectacle il giorno 08/12/2014

Battersea Power Station: fotografia scattata da Spectacle il giorno 08/12/2014

La prima ciminiera della Battersea Power Station è andata. Nelle prossime settimane assisteremo con ogni probabilità al suo lento ritorno a nuova vita, mentre le altre tre ciminiere verranno smantellate contemporaneamente. Speriamo che i £1.8 miliardi daranno alla Battersea Power Station Development Company energia sufficiente per provare che, oltre a demolire, sono capaci anche a costruire.

 

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Selling Battersea Power Station over stormy seas

Versione in Italiano

 

Why has the demolition of the south west chimney at Battersea Power Station apparently come to a stop?

The chimneys as they appeared on September 27th

The chimneys as they appeared on September 27th

Chimneys on October 21th

Chimneys on October 21st

Maybe the project has hit a technical snag- the chimneys are far more robust than the Battersea Power Station Development Company have wanted to admit – but it could also be that it is a barometer of the global economy and an indication of how vulnerable their business model really is. The business model of the current owners, like the previous ones, is a precarious one based on an ever increasing UK property market.

However the current economic climate is not looking good. The property market, according to most informed opinion, has plateaued and, in London, is in danger of going down.

Simon Rubinsohn, Chief Economist at Royal Institution of Chartered Surveyors, in an article about the UK’s Property Market says:

“As a result of the rebalancing in demand and supply, house price growth across the UK appears to be moderating […] prices are still projected to rise nationally over the next year and expected to increase by 2.6% on a 12 month view (compared with around 4% at the start of the year)”
The pound is getting stronger against currencies like the Euro (Milan and Paris are targeted cities for the Battersea Power Station Development Company), making London a less attractive investment and interest rates are going up.

(www.xe.com)

(www.xe.com)

The Labour Party, if they win the election in May 2015, which if due only to the metronomic pendulum swing of UK politics between the two major parties, is a distinct possibility, are promising a “Mansion tax” on all properties worth more than £2m (here is the Royal Institution of Chartered Surveyors’ opinion about the Mansion Tax).

Then there is the UK housing crisis, caused in large part by the selling of London property to foreign investors who have no intention of living in the properties they buy. Whoever wins the next election they need to address this and no solution will leave the property market untouched.

The Financial Times seems to support our worries in a recent article:

“Uncertainty around new property taxes, the strength of the pound on global currency markets and the introduction last year of a tax on homes held through companies have all contributed to the slowdown, according to those involved in trading properties.”

The same article gives us a quite impressive picture of the property market situation.

Some data about English Property Market, as published by Financial Times on

Some data about English Property Market, as published by the Financial Times.

Perhaps the emphasis on selling off-plan to overseas investors is because while there are plenty of rich in the UK  they might be a harder sell being better informed. Overseas investors, basing their judgement on futuristic artists impressions are unlikely to be aware of the smelly and disruptive waste processing plant with its hundreds of daily truck deliveries of reeking rubbish.

Our two faced Mayor of London Boris Johnson, ever the populist, plays it both ways, touring China promoting the London property market as an investment and for a local audience blaming that very market on the chronic housing shortage.

Boris Johnson at the launch of London City Island in Ballymore group sales event in Hong Kong, 18/10/2013) (from http://www.ballymoregroup.com/en-GB/news/41)

Boris Johnson at the launch of London City Island in Ballymore group sales event in Hong Kong, 18/10/2013) (from www.ballymoregroup.com)

It might be coincidence but in the week the Chimney demolition halted it was reported that the Chinese property bubble would burst soon, probably 2015, with catastrophic ripple effect on the global economy and international banking- possibly triggering a global crash.

As Bloomberg reported recently:

“The Chinese crash might make 2008 look like a garden party. As the risks of one increase, it’s worth exploring how it might look. After all, China is now the world’s biggest trading nation, the second-biggest economy and holder of some $4 trillion of foreign-currency reserves. If China does experience a true credit crisis, it would be felt around the world.
[…]
The potential for things careening out of control in China are real. What worries bears such as Patrick Chovanec of Silvercrest Asset Management in New York, is China’s unaltered obsession with building the equivalent of new “Manhattans” almost overnight even as the nation’s financial system shows signs of buckling. As policy makers in Beijing generate even more credit to keep bubbles from bursting, the shadow banking system continues to grow.”

This week the Battersea Power Station Development Company launched their overseas selling campaign of luxury apartments. Three of the cities targeted are Beijing, Shanghai and Hong Kong- all especially vulnerable to the vagaries of the Chinese economy.

The new owners are no different to all the previous owners – they are just better at PR and have better access to overseas markets. As before, despite the excellent PR hype suggesting that “at last work has started”, bolstered shamelessly by a “purse whipped” English Heritage, the only thing the current owners have actually done is demolish – they are taking down the chimneys, demolishing the precious, Grade II listed Victorian pumping station and removing the iconic listed cranes.

In other words the new owners are just flipping the Battersea Power Station. Selling today artists impressions of what MIGHT be built in the future.

We wonder what guarantees prospective buyers have that the off-plan flats they are buying will actually materialise. But then, having more money than sense, they probably do not care.

 

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Battersea Power Station in vendita per mari perigliosi

English Version

 

Come mai i lavori di demolizione della ciminiera sudovest di Battersea Power Station sembrano essersi fermati?

The chimneys as they appeared on September 27th

Come apparivano le ciminiere di Battersea Power Station il 27 settembre scorso

Chimneys on October 21th

Le ciminiere di Battersea Power Station il 21 ottobre

Il progetto si è forse incagliato su qualche scoglio tecnico – le ciminiere sono molto più resistenti di quanto la Battersea Power Station Development Company sia disposta ad ammettere – o dipende dall’andamento dell’economia globale e si tratta, quindi, di un indicatore sulla vulnerabilità del piano finanziario del progetto? Il modello economico seguito dagli attuali proprietari, così come dai precedenti, è alquanto precario basandosi in gran parte sull’idea di un mercato immobiliare britannico in continua crescita.

Guarda caso le previsioni economiche attuali non guardano al bello. Il mercato immobiliare, secondo le opinioni degli esperti, è in stagnazione e, a Londra, corre il rischio di deflazione.

Simon Rubinsohn, Chief Economist del Royal Institution of Chartered Surveyors, in un articolo mercato immobiliare nel Regno Unito afferma:

“As a result of the rebalancing in demand and supply, house price growth across the UK appears to be moderating […] prices are still projected to rise nationally over the next year and expected to increase by 2.6% on a 12 month view (compared with around 4% at the start of the year)”

La sterlina sta diventando sempre più forte nei confronti dell’Euro (Milano e Parigi sono obbiettivi per il mercato della Battersea Power Station Development Company), rendendo Londra una città meno attrente in cui investire, con tassi di interesse in crescita.

(www.xe.com)

(www.xe.com)

Il partito laburista, in caso di successo alle elezioni generali di Maggio 2015 – possibilità dovuta al fatto che l’alternaza tra i due maggiori partiti della politica britannica è inevitabile come il movimento di un metronomo – ha promesso la cosiddetta “Mansion Tax”, una tassazione aggiuntiva su tutti gli immobili di valore superiore a 2 milioni di sterline (qui è possibile leggere l’opinione del Royal Institution of Chartered Surveyors sulla Mansion Tax).

Poi c’è la crisi abitativa, causata in gran parte dalla vendita di immobili londinesi a investitori stranieri, i quali non hanno nessuna intenzione di vivere nelle case che comprano. Chiunque vinca le prossime elezioni dovrà mettere mano a questo problema, e qualuque possibile soluzione avrà inevitabili ricadute sul mercato immobiliare.

The Financial Times, in un recente articolo, sembra supportare le nostre preoccupazioni:

“Uncertainty around new property taxes, the strength of the pound on global currency markets and the introduction last year of a tax on homes held through companies have all contributed to the slowdown, according to those involved in trading properties.”

Lo stesso articolo è corredato da una fotografia impressionante della situazione che sta attraversando il mercato immobiliare.

Some data about English Property Market, as published by Financial Times on

Dati riguardanti il mercato immobiliare britannico, pubblicati su The Financial Times.

Può darsi che l’enfasi riposta sui piani di vendita a investitori stranieri, quando c’è abbondanza di ricchi anche nel Regno Unito, sia dovuta al fatto che gli investitori locali siano più difficili da convincere visto che sono meglio informati. Gli investitori stranieri, che fondano i loro giudizi su impressioni artistiche e futuristiche, sono probabilmente inconsapevoli dell’olezzo disgustoso proveniente dall’impianto di smaltimento dei rifiuti presente nell’area, con le centinaia di camion che quotidianamente vi riversano fatiscenti carichi d’immondizia.

L’eclettico Sindaco di Londra Boris Johnson, anche nella sua versione più populista, fa il doppio gioco: va in tour in Cina per promuovere investimenti nel mercato immobiliare londinese, mentre al pubblico londinese indica proprio questo modello di mercato come causa della cronica mancanza di abitazioni.

Boris Johnson at the launch of London City Island in Ballymore group sales event in Hong Kong, 18/10/2013) (from http://www.ballymoregroup.com/en-GB/news/41)

Boris Johnson interviene al lancio delle vendite del London City Island, in un evento organizzato dall’impresa Ballymore il 18 ottobre ad Hong Kong. (Fonte: www.ballymoregroup.com)

Può darsi che si tratti di una coincidenza, ma nella stessa settimana in cui la demolizione della ciminiera si è fermata sono stati pubblicati resoconti che indicano come la bolla immobiliare cinese stia per esplodere presto, forse già nel 2015, con catastrofiche ricadute sull’economia globale e sulla finanza internazionale – con la possibilità di innescare una crisi globale.

Come riportato recentemente da Bloomberg:

“The Chinese crash might make 2008 look like a garden party. As the risks of one increase, it’s worth exploring how it might look. After all, China is now the world’s biggest trading nation, the second-biggest economy and holder of some $4 trillion of foreign-currency reserves. If China does experience a true credit crisis, it would be felt around the world.
[…]
The potential for things careening out of control in China are real. What worries bears such as Patrick Chovanec of Silvercrest Asset Management in New York, is China’s unaltered obsession with building the equivalent of new “Manhattans” almost overnight even as the nation’s financial system shows signs of buckling. As policy makers in Beijing generate even more credit to keep bubbles from bursting, the shadow banking system continues to grow.”

Questa settimana la Battersea Power Station Development Company ha portato i suoi appartamenti di lusso in una campagna di vendite in giro per il mondo. Tre città raggiunte dalla campagna sono Pechino, Shangai e Hong Kong, tutte particolarmente esposte agli alti e bassi dell’economia cinese.

I nuovi proprietari non sono molto diversi da quelli precedentivi – sono solo più bravi in PR e hanno un migliore accesso ai mercati internazionali. Come in passato, nonostante gli eccellente battage pubblicitario sostenga che “finalmente i lavori sono iniziati”, sotenuto senza pudore dall’English Heritage, l’unica cosa che i nuovi proprietari hanno fatto in realtà è stato demolire – stanno abbattendo le ciminiere, demolendo la deliziosa e protetta Victorian pumping station e rimuovendo le iconiche (e protette) gru.

In altre parole i nuovi proprietari stanno facendo il loro gioco con la Battersea Power Station. Vendono oggi immagini fantastiche di ciò che POTREBBE essere costruito in futuro.

Ci chiediamo che tipo di garanzie vengano fornite agli eventuali acquirenti stranieri circa il fatto che gli apparatamenti che stanno comprando sulla carta vengano effettivamente realizzati. Alla fine, avendo costoro più soldi che giudizio, forse gli non importa più di tanto.

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A brief update on Battersea Power Station and the Nine Elms development

bps2

As construction work progresses on the Battersea Power Station site, the Battersea Power Station Development Company’s (BPSDC) ambitious plans for the project appear to be moving rapidly forwards too; last week it was revealed that the company have made an official bid for the proposed Crossrail 2 line to serve the location. An extension of the Northern Line, Charing Cross Branch, is already planned (and will be partially financed by Sime Darby, the Malaysian consortium behind the Battersea Power Station Development Company) from Kennington to the Power Station. The Evening Standard reports that TfL is citing this as a reason to distance itself from the proposal, insisting Battersea Power Station will already be adequately connected.

Meanwhile, on the ground Everyman continue to lease an area in front of the Power Station to screen films and sell expensive, ‘ethnic’ food in the evenings from Thursday to Sunday. Last week our interns, Charlotte and Marta, risked death by falling chimney chunk to check out the event and sneak some surreptitious footage. Surprisingly they survived, reporting only giant Jenga pieces flying around.

Elsewhere, on the neighbouring Nine Elms site, all-consuming construction work has spilled out onto the Thames Path, limiting access to Tideway Village, a floating community of houseboats now overhung by the Riverlight development buildings.

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INURA release public letter in solidarity with Serbian construction workers

belgrade

INURA, the International Network of Urban Research and Action, have released a public letter regarding the housing situation of former Trudbenik construction workers and their families in Belgrade, Serbia.

The letter describes INURA as “a network of people involved in research and action in localities and cities, including professionals, activists and researchers from community and environmental groups, universities and local administrations. INURA is
also a member of the Habitat International Coalition, a global network for the right to housing and social justice.”

Members of INURA recently participated in their 24th international conference, “Between Big Ideas and Life’s Realities” from June 22 – 29, 2014 in Belgrade and Tara.
The conference was attended by about 120 participants from more than 20 countries.

The letter explains, “As part of the official program, we visited a number of sites and projects, including an initiative representing the interests of residents of the so called Samački Hoteli in New Belgrade, Yuri Gagarin Street no. 139, and in Konjarnik, Luneta Milovanovića Street no. 6, built by the KMG TRUDBENIK in 1980 and 1964 respectively. We are writing to you in order to draw your attention to the very precarious living
conditions of its residents and, in particular, to their unresolved housing situation.”

INURA found that a group of over 210 people – mostly former workers of the well-known Serbian construction company KMG TRUDBENIK and their families – are threatened with eviction, writing:

“Their accommodation, once built with the help of solidarity funds financed by the wages of all workers, was sold along with the whole company to the firm MONTERRA in March 2008 as part of the general privatization process in Serbia. Apparently, nothing was done by the state authorities to protect the status of the workers and residents of the Samački Hoteli from the arbitrariness and mismanagement of the new owners. When MONTERRA declared bankruptcy in 2011, all previous arrangements were annulled. More than 500 workers were dismissed, left without any redundancy program or support from the government. It turned out that the “business” policy of the new owner was to plunder the company and profit from its dismantling, with no plans for future production or any obligations towards the workers.”

During their visit, INURA learnt that the residents of Samački Hoteli and similar accommodations have been facing constant harassment and pressure, first by the management of MONTERRA and later by the bankruptcy trustee ERSTE BANKA and SOCIETE GENERALE BANKA and the Commercial Court who all want them to move out of their homes, in order to sell both buildings to repay the debts accrued under the management of MONTERRA. With the bankruptcy of TRUDBENIK, most tenants have become unemployed and are now threatened by eviction. The people who INURA talked to during their visit told them that they have no resources and no other place to
go, and therefore they will probably become homeless. Some families are also frightened that they will be separated, with their children being put in state-run homes while the adults end up on the streets.

INURA conclude: “As INURA members, we come from different countries and are not familiar with the details of the privatization process in Serbia or the laws that enabled and accompanied it. However, we strongly believe that workers and their families should not become the pawns of highly irresponsible corporations and their incessant appetite for increased profits. We are convinced that the state and the city of Belgrade are responsible for the welfare of its citizens and residents and should therefore
take action to prevent these workers and their families from becoming homeless and safeguard their right to housing.”

Therefore, INURA urge political and administrative bodies of Serbia and Belgrade, “to take action and protect the people living in the so called “Workers’ hotels” in Belgrade from harassment, housing insecurity and eviction. We furthermore urge you to make all possible efforts to work on a permanent solution for them and resolve their status as legal residents.”

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INURA criticise ‘Belgrade on the Water’ development

In June, Spectacle’s Mark Saunders was among 50 international scholars and experts who visited the proposed site of the Belgrade on the Water project, a development on the Sava riverbank in the downtown area of Serbia’s capital. The group were attending the International Network for Urban Research and Action (INURA) 2014 conference in the city.

Belgrade on the Water is a vast real estate project intended to create a new business hub in Belgrade. It has been designed and will be built by Eagle Hills, a construction company based in the UAE which shares its chairman, Mohamed Alabbar, with Emaar Properties – the company behind Dubai’s Burj Khalifa, the tallest building in the world. Eagle Hills suggest that the development, which will cover 1.85 million square metres, could be completed within five to seven years. It is expected to cost just under three billion euros.

Belgrade-Waterfront-InSerbia_Info-0740

A model of Eagle Hills’ proposed Belgrade on the Water development

Despite having the full support of Prime Minister Aleksandar Vučić, who is thought to have let Eagle Hills have the land free, the project has attracted a number of criticisms. The INURA group – who between them have expertise on waterfront developments in London, Amsterdam, Hamburg, Barcelona, Boston, New York, Toronto, Vancouver, Hong Kong, Sydney and Melbourne – have since published an open letter on the subject. They write:

“We are very impressed by the unique qualities of Belgrade, especially the fine-grained and mixed urban spaces that this city provides. The connection of the downtown and the water could be enriched by a careful development of the area between the city centre and the Sava River. We understand that the Belgrade on the Water project is an initiative to make this connection, and we applaud the impulse. We have seen and studied the plans, however, and want to communicate some serious concerns about the current proposal.”

The letter goes on to outline their concerns:

1. The economic risks are high…

INURA point out that megaprojects are always vulnerable to market fluctuations, but the letter is particularly critical of the entire project being given to a single investor. It points out that if the company becomes financially unviable, Belgrade will have an unfinished development on a prime site. “At the very least,” INURA write, “ensuring a diversity of developers can mitigate these possibilities.”
The letter goes on to express doubt that the project will be completed at all. “The proposal envisages 200 new buildings, but the economic context is such that only what is referred to as ‘the first A phase’ of the project has some probability to be constructed: two apartment buildings, two hotels, a high-rise tower and the ‘largest shopping mall in the Balkans’.” INURA believe that the there is a significant risk of these buildings standing “unsold and isolated on a cleared site, cordoned off from the public until land values and purchaser interests increase”.

…and gains to Belgrade are low

The letter argues that, “promises of economic gain through jobs in design, construction, maintenance and operations need guarantees of use of local resources and labour with good wages and conditions.”
INURA are sceptical that the development will be particularly beneficial to local workers, pointing out that the buildings proposed for the waterfront are such that most jobs generated will be short term, low paid construction and service jobs. They argue that instead the content of the development could be far more diverse in order to respond to the real needs of the city and citizens.

As it stands, INURA don’t believe that the proposal is in the best interests of local people. INURA states: “The land along the Sava has great potential value. Its transfer at low or no cost into long-term private leasehold will deliver little benefit to the citizens of Belgrade. In addition, the commitment of EUR 200 million of public funds to the clearing of the Sava Amphitheatre is likely the beginning of high expenditure from the state which characterizes such projects. It seems that there are many better ways of using these means and the area, in the way which would be more appropriate to economical, societal and ecological context.”

2. The plans are clichéd and exclusionary

INURA criticise the current design for revealing “a generic landscape of soulless and disconnected office, residential and commercial buildings. This high-end ‘mixed use’ formula contains no social, economic or cultural mix. It is a clichéd, corporate model that neglects local needs in terms of housing or work. It provides a very limited range of opportunities for production and consumption.”
The letter argues that “Belgrade’s greatest attractions are intricately connected to its people and culture. The city’s people populate the streets and create the spaces that make it so distinctive and full of potentials. Their exclusion from the planning and design processes for Belgrade’s waterfront development is not only inequitable – and therefore dangerous – but missing a profound opportunity to engage and utilise the city’s most vital assets.”

3. The environmental consequences have not been taken into account

INURA describe the Sava’s ecological balance as delicate, and say this has been neglected in the current proposal. The letter points out that, “In a period of serious climate change in an already flood-prone city it makes little sense to build on riverbanks without careful consideration of adaptability and allowance for water expansion. Waterfront developments in the past have destroyed local ecologies, displaced resident populations, and made public open space inaccessible.”

INURA argue that technologies for climate change adaptation and handling waterfront ecologies are developing rapidly. “Here is an opportunity for Belgrade to display a new and exciting approach to its river bank.”

3. State-of-the-art practices engage local communities and employ innovative mechanisms

INURA point out that things could be done in a way that is much more beneficial to the community: “International practice and standards for making waterfronts available for better and wider uses are also improving rapidly…
Local authorities are now employing sophisticated urban design processes, including fine subdivisions of land for lease or sale to a range of investors from larger companies to small entrepreneurs and community groups. These principles encourage innovative local and vernacular architectural styles in large project designs, and ensure diversity in built form and use. This in turn allows local opportunities to flourish in the context of a more globalised environment.”

Further to this, INURA advocate participatory processes in planning, which they believe guarantee better outcomes. “In engaging local communities and their local knowledge, project outcomes are not only very often substantially improved, but they are locally owned, and receive a particular legitimacy from this process. Such an approach would make the development of the Belgrade waterfront more viable.”

4. Here is an opportunity for a project that really does capture the global imagination

Economically, too, INURA believe the Belgrade on the Water project does not do justice to the potential of the site: “If the nation wants to invite the world into its social, cultural and environmental heart, it needs to do more than plan for a run-of-the-mill development formula that lacks any character unique to Belgrade.”

INURA conclude that:

“Rather than providing a standard blueprint with an unclear business plan (the obligations of the state being much greater at this point than the obligations of the investor), this project should be built step by step, closely monitored by the highest standards of local planning regulations and transparency. It must have attention to local economics, and to the design and use of this central part of Belgrade. It must involve its people, recognise the need for ecological restoration and sustainability, and not fall prey to the expectations of a corporate urbanism that is rejected by urban professionals and citizens alike around the world.

If Belgrade on the Water is to be a sustainable success, it must project the city’s needs and desires onto the global stage, rather than making one of Belgrade’s prime pieces of real estate the extension of a nameless global enterprise.”

You can read the letter in full here. 

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Mark Saunders talks at reART in Zurich – 26th Oct

Spectacle’s Mark Saunders will be discussing East London and the commodification of local culture at reART in Zurich, Switzerland on Friday 26th Oct.

reART:theURBAN is an international conference that will revolve around the question of what art can do for the development of the urban society and the city itself. The conference takes place from the 25th-27th October this year, with talks from a number of international speakers, including Slovenian philosopher, Slavoj Zizek and Charles Landry, an urban thinker from the UK.

To find out more about the conference, go to the reART website and for more about Mark’s talk, click here

Click here to buy tickets

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See our Olympics project pages for more information and videos.
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Olympic City Critiques: a Birkbeck reading group

The Olympic Games literally and symbolically ‘take place’ in major cities. They represent the mega-event par excellence which not only physically transforms areas of cities beyond recognition but also shifts the urban place imaginary. City growth coalitions eagerly bid against other cities to win this world-class spectacle primarily for the boost it is supposed to impart to the local politics of urban regeneration. Researchers and activists over the last thirty years have highlighted how such grandiose visions and accelerated development projects produce spectacular but also highly inequitable outcomes for urban citizens. As with other neo-liberal regeneration programmes, the vital question of ‘who really benefits?’ is highly pertinent. However, many of the texts which researchers have produced are not well known or well understood outside the various academic specialisms within which they circulate. We are setting up a reading group open to students, academics, activists and other individuals interested in exploring the social, economic and political processes of these spectacular urban mega-events from critical perspectives.

The first meeting of the Olympic City Critiques reading group will take place at Birkbeck in central London on Wed 30 March 2011 12-2pm (Room 351, Malet Street).
The second meeting will be on Wed 27 April 12-2pm (Room 253, Malet Street). Subsequent meetings will be two weeks apart.

The paper ‘Going for Gold: Globalizing the Olympics, Localizing the Games’ by J.R. Short, provides a useful introduction to the topics we will be discussing, and I can email it to anyone interested in attending. The paper discusses the siting of the Summer Olympic Games at the global, national and local scales: the increasing corporatization of the Games is examined, and their use in city marketing campaigns is evaluated.

If you are interested in joining the reading group, please send an email to Dr. Paul Watt.

We look forward to seeing you at what will hopefully prove to be a stimulating reading group series.

Paul & Martin

Dr Paul Watt (p.watt@bbk.ac.uk)
Senior Lecturer in Urban Studies
Department of Geography, Environment & Development Studies
Birkbeck, University of London

Martin Slavin
member of the East End based group Games Monitor
a network of people raising awareness about issues within the London Olympic development processes.

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Wanstead Flats: Green space to Olympic holding cells?

Wanstead Flats: A vast, open grassland in Epping Forest, east London, surrounded by residential areas: This is where the Metropolitan Police plans to site an operational centre for the 2012 Olympics. On 5th September 2010, about 350 people attended a Mass Community Picnic on Wanstead Flats, demonstrating their opposition to the police’s proposal.

Official statements by the City of London, responsible for Epping Forest, have stated it will be a police briefing centre in the southwestern part of the Flats for a period of three months. However, subsequent conversations with officials have revealed that the site, covering three hectares, will seemingly be used for police deployment, and include a feeding station and stabling for police horses and also holding cells. Since those plans became public in June, local residents have started to organise their protest in order to preserve the open green space. Wanstead Flats are protected by the Epping Forest Act, 1878 which inhibits any use other than for recreation and public enjoyment and does not allow the erection of permanent structures. It is feared that the police’s proposal will set a precedent for further developments on the Flats in the near future. The fact that the Epping Forest Act has to be adapted in order to legalize the planned project is strengthening these apprehensions. These and other critical issues such as lack of public consultation, concerns about traffic and accessibility were discussed by local residents during the event on 5th September with Paul Thomson, Superintendent of Epping Forest. Two similar temporary police centres are to be erected for the Olympic Games, one in Hackney and another in Greenwich.

The next Local Residents’ Public Meeting of the Save Wanstead Flats Campaign will take place on Wednesday 6th October 2010, 7pm, at Durning Hall Community Centre, Earlham Grove, Forest Gate E7 9AB. For further information see savewansteadflats.org.uk

Wanstead Flats is one of many green sites that the “Greenest Olympics” will affect.

Sign the Petition now!

This is one of many green sites that the “Greenest Olympics” will destroy also see

Park to be tarmaced for Olympics

Basildon is latest signing to Disgruntled First XI

Greenwich Park, a centre for Equestrian Excellence? Perhaps not

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See our Olympics project pages for more information and videos.

Or visit PlanA our general blog on urbanism, planning and architecture.

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