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4. The property industry has its cyclical ups and downs.
On the up phase mega schemes are dreamt of:
- Large scale sites are assembled
- Large professional teams are employed
- Large sums are raised and risked
If all goes well the heroic project gets off the ground and struggles through to
completion. However, these projects rarely work out exactly as planned.
Why?
- The world may have moved on and the large scale nature means that
such projects take a long time to realise and often get caught in the
downward spiral
5. Some projects may eventually be completed on the second or even third upswing.
Most people can think of at least one example.
Time is a great healer and it is possible that the development pain will be forgotten
when the last space is let.
However in some cases whole areas are left blighted and unloved throughout the
protracted development process. Some are unproductive for decades.
At the other end of the scale a tried and tested approach exists that is:
- Lightweight, energy efficient, human scale
- Always lower risk
- Much lower cost
- Sometimes interim
- Generally able to catch the moment
- Generally creates a greater profit per pound of capital expended
6.
7. CAMDEN LOCK
PREVIOUS USE:
CURRENT USE:
AREA:
JOBS ON SITE:
INVESTMENT:
Wood yard
Market
32,670 sq. ft.
400 plus
£12 million BEFORE
www.urbanspace.com
AFTER
8. MERTON ABBEY
MILLS
PREVIOUS USE:
CURRENT USE:
AREA:
JOBS ON SITE:
INVESTMENT:
Silk printing works
Market, shops,
restaurants, café
offices, theatre
30,000 sq. ft.
400
£1.2 million
BEFORE
www.urbanspace.com
AFTER
9. GABRIEL’S WHARF
PREVIOUS USE:
CURRENT USE:
AREA:
JOBS ON SITE:
INVESTMENT:
Wasteland
Market, cafes,
restaurants,
retail workshops,
performance area
30,000 sq. ft.
20,000 sq. ft.
60
£78,000
BEFORE
www.urbanspace.com
AFTER
11. SPITALFIELDS
MARKET
PREVIOUS USE:
CURRENT USE:
AREA:
JOBS ON SITE:
INVESTMENT:
Wholesale fruit
and veg market
Market, retail,
Restaurants,
Sports,
Opera House
240,000 sq. ft.
550 plus
£300,000
BEFORE
www.urbanspace.com
AFTER
14. BISHOPSGATE
GOODSYARD
PREVIOUS USE:
USM USES:
AREA:
JOBS ON SITE:
INVESTMENT:
Derelict railway
arches
Retail, offices
Restaurants,
Gym,
Events venue
Swimming pool
430 sq. ft.
100 plus
£1m
BEFORE
www.urbanspace.com
AFTER
17. TRINITY BUOY
WHARF
PREVIOUS USE:
CURRENT USE:
AREA:
JOBS ON SITE:
INVESTMENT:
Buoy
manufacturing
Arts and
performance
venue,
workspaces for
creative uses
90,000 sq. ft.
515 plus
£4 million
www.urbanspace.com
BEFORE AFTER
18. TRINITY BUOY
WHARF
•CREATIVE COMMUNITY
•ARTS AND CORPORATE EVENTS
•MIX OF BUILDINGS
www.urbanspace.com
19. CONTAINER CITY
OVER 40 SUCCESSFUL PROJECTS
COMPLETED TO DATE:
•SCHOOLS
•YOUTH CENTRES
•SPORTS HALL
•GENERAL PRACTICE
•THEATRES
•CINEMA
•OFFICES
•RETAIL UNITS
•ARTIST STUDIOS
•LIVE / WORK UNITS
•NURSERIES
•CAFÉS
•MUSIC STUDIOS
•ROOFTOP PLAYGROUND
www.urbanspace.com
ELECTRIC
HOTEL
SPORTS
HALL
ARTIST
STUDIOS