by Sawon Banerjee | Jun 6, 2021 | International News
Zaha Hadid Architects has won planning permission for the world’s first wooden football stadium, which will be built in Gloucestershire, England for football club Forest Green Rovers. The stadium project was part of the £100m ($125.5m) Eco Park development proposed by green energy specialist Ecotricity.
The whole structure will be built entirely from resourced wood. A specialist membrane will cover the stadium. This will allow the grass to grow naturally under the sunlight whilst reducing shadows that could distract players and the crowd during the action. The football club is chaired by Dale Vince, founder of green electricity company Ecotricity.
by Sawon Banerjee | Jun 6, 2021 | International News
The New School, in South Zealand, will accommodate 580 children and 100 employees and will be Denmark’s first to be awarded the Nordic Ecolabel, a sustainable certification for energy consumption, indoor climate, chemical exposure and sustainable material use. Eva Ravnborg, a partner in Henning Larsen, said: “We have designed a school that works in a field between learning and landscape, and where it is not just about the learning that takes place in the building, but the whole route to and from the school and the way the school will connect to the local community.” The school is due to open at the end of summer 2022.
by Sawon Banerjee | Jun 6, 2021 | International News
Granite, the US-based infrastructure company has landed a $160m contract from Upper Trinity Regional Water District for work on the Leon Hurse Dam project in Ladonia, Texas. The project, a part of Lake Ralph Hall project is claimed to be one of the state’s biggest water projects in the last 30 years.
Upon completion, the project is expected to supply 45 million gallons of water per day to people in Collin, Denton and Fannin counties. Granite has a long history of collaboration and experience working on complex dam projects in Texas and across the U.S. “Granite’s work on the Leon Hurse Dam will continue our role of constructing important dam structures and water resource projects in Texas.” Granite regional Vice President, Matt Shepherd said.
by Sawon Banerjee | Jun 6, 2021 | News
Blackstone Real Estate took over Embassy Industrial Parks from Warburg Pincus and Embassy Group in a $700-million deal comprises 22 million sq. ft. of Grade A logistics and warehousing assets located in urban centres catering to tenants in major sectors.
Asheesh Mohta, Head of Blackstone’s Real Estate India Acquisitions, said, “Logistics is one of the firm’s highest global conviction themes, anchored by our belief that e-commerce trends will further fuel demand for logistics space especially near city centres. This is particularly true in India, where e-commerce is heavily under penetrated compared to major economies around the world. For instance, Bengaluru, the e-commerce hub, only has 30 million square feet of total Grade A and B warehouse space compared to 1.2 billion sq. ft. in Chicago.”
“We are extremely focussed on consolidating our resources towards the growth of our core businesses of office and residential development and management. This transaction with Blackstone Real Estate along with the upcoming merger with IBREL is a strategic move in that direction.” Tuhin Parikh, Blackstone’s Head of Real Estate
by Sawon Banerjee | Jun 6, 2021 | News
The structural growth expected in housing over the next few quarters is likely to strengthen the real estate industry’s role towards the country’s economic prosperity. Deepak Parekh, chairman of Housing Development Finance Corporation, while speaking, was quoted as saying “It is not only pent-up demand that will push growth but the country is going through a structural transformation in housing demand. This is because of a combination of first-time homebuyers, and customers moving up the property ladder to shift to larger homes or acquiring a second home in another location, that is at play.”
According to India Brand Equity Foundation (IBEF) recent report, the real estate sector in India with present 6-7% contribution to the country’s GDP, is expected to reach a market size of $ 1 trillion by 2030 and contribute 13% to the country’s GDP by 2025. “It is not only pent-up demand that will push growth but the country is going through a structural transformation in housing demand. This is because of a combination of first-time homebuyers, and customers moving up the property ladder to shift to larger homes or acquiring a second home in another location, that is at play,” Parekh issued a statement at the One World One Realty Digital Summit 2021.
