Nightmare on Nine Elms street as investors flee massive South London development of 55-storey residential towers. Property experts doubt the #VNEB development will ever be finished, despite the opening of new tube stations. via @BenGartside
telegraph.co.uk/business/2021/…
The success of the site, located in Vauxhall, Nine Elms and Battersea, largely hinges on Guangzhou R&F, a Chinese developer that's coming under mounting pressure because of its $52 billion debt pile, which @MoodysInvSvc downgraded earlier this month. telegraph.co.uk/business/2021/…
There are also worries that the Nine Elms development is too focused on glitz and spectacle rather than the realities of building a new London hub. “The regeneration is one hell of a leap of faith,” said a local property adviser. Good story by @BenGartside telegraph.co.uk/business/2021/…
“Customers began to suspect they’d bought into an illusion, rushing to sell speculative investments back to the developers, leading to a phenomenon known as ‘Nine Elms disease’, as up to £2 million was knocked off some penthouse flats.” via @ObserverUK theguardian.com/artanddesign/2… The ‘Vauxhall Cluster’, Sou...
and, of course, the infamous Embassy Gardens Sky Pool is part of the #NineElms development. “It’s become the visual cipher for everything that’s wrong with London’s property boom,” says @edwinheathcote

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More from @Ian_Fraser

18 Sep
“1,000 Cranes of Solidarity” exhibition in stpetersedinburgh.org. A powerful exposé of how China has trampled over human rights in Hong Kong. Well worth a visit. ImageImage
“There’s an Eastern myth that if one person folds 1,000 cranes within the space of one year, their wish will come true”

A Thousand Cranes of Solidarity Exhibition, St Peter’s Church, Lutton Place, Edinburgh. Image
‘One Belt, One Road’ panel plus some more cranes. #1000cranes #StandWithHongKong @Stand_with_HK ImageImage
Read 4 tweets
14 Sep
This video speaks volumes about the oversupply in China's housing market. 15 tower blocks in Kunming 昆明, the capital of Yunnan province, were demolished last month after sitting unfinished for eight years.
Meanwhile China’s largest property developer Evergrande is warning it could default on its $300 billion of liabilities as it struggles to cut costs or sell assets. The company’s Shenzen headquarters was besieged by investors and bondholders last weekend 🇨🇳 edition.cnn.com/2021/09/14/inv…
also h/t @evolusibina for the video above. A Malaysia-based platform, it shares great content on the construction sector.
Read 5 tweets
31 Jul
Home Office set up fake website and a phoney organisation called On The Move in order to mislead asylum seekers. Scoop by @lizziedearden independent.co.uk/news/uk/home-n…
Shadow home secretary @NickTorfaen said: “Priti Patel’s chaotic management of the Home Office has led to thousands of pounds of taxpayers’ money being spent on an ad campaign that’s false, disgraceful and dehumanising.”
independent.co.uk/news/uk/home-n…
Priti Patel’s Home Office set up phoney organisation called “On The Move” with a fake website to dupe asylum seekers. independent.co.uk/news/uk/home-n…
Read 4 tweets
20 Jul
Floods in China's Henan province and it's capital Zhengzhou seem worse even than what happened in Germany last week. Today Zhengzhou had 200mm of rain in one hour. In Germany, they had 154mm in 24 hours. See @javihagen for more.
Passengers trapped by rising floodwaters on the #Zhengzhou subway await rescue by Henan firefighters. I hope they’re all okay.
Distressing scenes as China’s #Henan province experiences unprecedented flooding. The subway in #Zhengzhou, a city of 10.4m inhabitants (larger than any European city), was inundated after 200mm of rain fell in an hour. via @TimJ_B news.sky.com/story/china-fl…
Read 4 tweets
15 Jul
At least 42 people have died in Germany and many more are missing following severe floods, police say. At least six others have died in neighbouring Belgium, and the city of Liège has urged all residents to leave. bbc.co.uk/news/world-eur…
Germany floods. Cars being washed down the street in western German state of North Rhine-Westphalia. #Hochwasser video @rq_sh4
The situation is dire in Liège in Belgium’s French-speaking Wallonia region, where the river Meuse has burst its banks and residents are being evacuated. #Belgium #flooding vrt.be/vrtnws/fr/2021…
Read 5 tweets
8 May
Just jaw-dropping corruption: the Queen's cousin, Prince Michael of Kent, filmed at business meeting where clients were told he could be hired for £10,000 a day to make representations to Putin's inner circle. via @JCalvertST @Arbuthnott @tomhcalver thetimes.co.uk/article/facf79…
Enthusiastically corrupt?

Prince Michael of Kent was willing to push the boat out to help the fake gold-trading company House of Haedong gain access to the Russia market via his contact with Vladimir Putin.

via @thesundaytimes @C4Dispatches
Interesting descriptor for Prince Michael of Kent on Google.
Read 6 tweets

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