Quote:
Originally Posted by New Brisavoine
(Post 6505258)
BT Tower is not a skyscraper, just as the Eiffel Tower is not a skyscraper either. As for 122 Leadenhall and 20 Fenchurch Street, they have already passed 150 meters, which leads to the figure of 15 skyscrapers for London that I indicated in my previous post.
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The BT Tower is a mixed-use building (office and communications), which whilst not architecturally interesting does have 37 office floors; the Eiffel Tower in contrast has only 3 floors because it is an observation tower. 122 Leadenhall and 20 Fenchurch Street are both still under construction; until the occupiers start moving in I wouldn’t consider either to be finished.
Quote:
Originally Posted by New Brisavoine
(Post 6505258)
Regarding the 7 other skyscrapers under construction, the only one I had missed was South Bank Tower, which is not far from reaching 150 meters, so London will soon have 16 skyscrapers. Apart from that one, only 1 is really rising above ground, and the other ones are either under at ground works or just at a demolition, and in London we know that doesn't necessarily mean they will effectively be built (think Riverside South for example), so I would call them under construction yet.
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As per my previous post, I did raise the point about Riverside South and other towers that are currently on hold. The difference (as previously mentioned) is that those towers have problems related to the financial crisis, whilst the post-financial crisis round of skyscraper projects is predominantly residentially-focused. These towers are supported by a voracious appetite for housing driven by population growth, astronomically high prices, international demand, and limited building space.
I don’t believe all of the towers that we currently know about will be built, but a majority will, and that those that aren’t built will be substituted by other projects that are currently in the pipeline but have yet to become public. London isn’t going to end up like Hong Kong or New York, but due to the aforementioned pressures, there will undoubtedly be a large volume of new towers popping up in the years ahead.
Quote:
Originally Posted by dc_denizen
(Post 6506829)
In terms of culture, LA actually exceeds NYC in employment in the arts (15% of the national total compared to 10% or so). LA has 56% of motion picture industry jobs in the US, around 140,000. Interesting to know what London's total is on this metric.
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It’s quite hard to get a specific figure due to the blurred lines with some roles (e.g. a book-keeper at a production company); London & Partners (
http://cdn.londonandpartners.com/l-a...s_brochure.pdf) puts the number of people working in London’s creative industries at 400,000 (although other figures indicate nearly double that amount), of which 77,000 are directly employed in film, video & broadcasting. What isn’t certain is whether that includes the four principal production sites of Elstree, Leavesden, Pinewood and Shepperton, all of which are technically not in London, but on its outskirts.
Quote:
Originally Posted by dc_denizen
(Post 6506835)
London's problem is that, besides media and culture, much of its wealth is built on asset management for global elites. Is this specialization desirable or sustainable?
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Whilst London may be relatively unique amongst world cities for having such allure for the global elite, I don’t believe that this is impairing the vitality or growth prospects of the economy. Also London’s economy goes beyond ‘media and culture’ into financial, business & professional services, the knowledge economy, etc…
Quote:
Originally Posted by dc_denizen
(Post 6508220)
^ no property tax certainly helps. And being the center of the tax haven empire of the UK.
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It depends on the situation and circumstances, but there are several taxes relating to property:
- Stamp duty which is paid on the purchase of a property (on homes over £2mn (US$3.3mn) this is 7% if an individual, 15% if a company).
- Council tax which is paid each year based on the value of the property (although these are generally low by international standards).
- Inheritance tax (40% on anything over £325,000 (US$536k)).