Offices. Do we Need Anymore?

• Guest 690

  • Registered: 10 Oct 2009
  • Posts: 4,150
  24 March 2010     15:2444289
  #1      
  I was up Kings Cross station this morning, and with an hour to spare, I walked down a nearby road. I came across a small park, with some gravestone`s and tomb`s in it. Naturally I thought of Jeane. (I`ll pop a picture on her other posting). . Anyway, sat there in deep thought, and all around the area, were office`s, many office`s. New build, mostly empty, all to let. Many other parts of London and the whole country as well, empty office`s. So while towns like ours struggle to get money to build much needed new build in places, how do these countless offices get to be built with no sale or letting at the end of it? Where does that money come from, and being empty, where does any profit come from?
  Tell them that I came, and no one answered.
• Guest 651

  • Registered: 12 Mar 2008
  • Posts: 5,673
  24 March 2010     15:2744290
  #2      
  Around St Pancras/Kings Cross there were listed buildings demolished to create new offices and developments !
  Been nice knowing you :)
• Guest 690

  • Registered: 10 Oct 2009
  • Posts: 4,150
  24 March 2010     15:2844292
  #3      
  That`s where this lot were Paul.
  Tell them that I came, and no one answered.
• Guest 651

  • Registered: 12 Mar 2008
  • Posts: 5,673
  24 March 2010     16:0044296
  #4      
  http://www.derelictlondon.com/id67.htm
  Been nice knowing you :)
• Guest 657

  • Registered: 13 Mar 2008
  • Posts: 3,037
  24 March 2010     16:4544302
  #5      
  Thought my ears were burning Colin. The building I worked in for over 26 years on Euston Road shut in April 2006 (it was a DSS HQ). It was rented to a media company for a while and then sold for £50 million to a development company. I popped in the other week and it's still empty, the development company can't afford to do the work at the moment. They were going to sell it on but there hasn't been much interest other than a couple of hotel groups who pull out when they see the scale of what needs doing. I also had the building listed (it was built by A B Pite) so that restricts some of the work.
  
  Oh well....when I win the lottery!
  www.facebook.com/jeaneheadstonehunter
• Guest 690

  • Registered: 10 Oct 2009
  • Posts: 4,150
  26 March 2010     21:4944620
  #6      
  Great picture`s there Paul, thank you. Interesting what you say there Jeane as well. I still can`t understand though how it`s all financed, as it must be a risky investment with the thought that the office space may not be taken up?
  Tell them that I came, and no one answered.
• Brian Dixon

  • Location: Dover
  • Registered: 23 Sep 2008
  • Posts: 23,940
  27 March 2010     06:2944648
  #7      
  scotchie,have you any pictures of derelict dover in your colection.
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  27 March 2010     12:3744718
  #8      
  colin
  
  i was told a long while ago that most new office blocks are financed by pension funds, surprises me to see them stay empty with no rent income.
  
  
  maybe blue barry will know more of this, he knows about pension funds.
• Guest 651

  • Registered: 12 Mar 2008
  • Posts: 5,673
  27 March 2010     13:4444724
  #9      
  Depends where Brian, what are you after ?
  Been nice knowing you :)
• Brian Dixon

  • Location: Dover
  • Registered: 23 Sep 2008
  • Posts: 23,940
  27 March 2010     17:2644752
  #10      
  scotchie,dover is a big town but was thinking market square/ditz area and the old lanes by queen street.