[london lad06]

Thats probably to be expected still I would expect them to get a pre-let sometime within 2007- Its would've been to easy for it to get pp & then start straight away- were used to waiting years for skyscrapers -lol.

They seem to be takig a different view from BL who appear to be developing a lot of ther short-mid term pipeline speculatively.

BL Land Sec
51 Lime St- Has pre-let New St Sq- Half pre-let- rest
2006-Ludgate West - Spec Bankside123- 1pre-let, 2&3 Spec
2006-201 Bishopsgate- Spec 1 Wood St - Has pre-let
2006- Ropemaker st- Spec One new change- Spec
2007- 122LH - Spec?? 20FC- needs pre-let
Dashwood House- Spec (when ithas PP)

As you can see BL has greater exposure. I hope Ropemaker doesn't tip them over the edge with too much space & delays 122LH. Lets hope not.With Land Secs they have a lot of space taken up already & not much activity in the central city core so it bodes well for 20FC.

With all the big property firms, BL , Land Secs, GPE, CWG & LMS they have good business plans with short, mid & long term development plans/pieplines so we can sort of guess what will go up when. Minerva had the total opposite buisness plan & was more of a hit & hope run firm which is why they seem to have come unstuck. Had they been brave enough & actually strated building the Minerva tower a year or 2 ago they could hev been first in now that the market has picked up- Silly Minerva.