Arc & Co lends £12m on Isleworth residential scheme

Arc & Co has completed a £12m development loan with ME Developments and Octopus Real Estate to help fund a housing development in Isleworth The development, which is opposite Isleworth Station and the first major residential development in the area for 2 years, will provide more than 1,000 houses and apartments with a gross development value of more than £400m. A golden brick payment was payable on the affordable housing, which ME Developments has to exchange on prior to completion.The affordable housing sale has been agreed with L&Q. … visit…

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New life as artistic hub for Birmingham’s Junction Works building

Work has begun to transform a run-down listed building in Birmingham into a new home for artists. Charity Grand Union, which runs a gallery and artist studios in the city, is working with landlord Homes England on the scheme to bring new life back to the grade II Junction Works complex in Digbeth. It has secured £500,000 from Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP), a further £25,000 from developer Stoford and £150,000 of private funding for phase one of the works. This will see the front part of the building renovated to…

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Abandoned 1920s cinema in Los Angeles becomes the new Apple Store

Tower Theatre was the first theatre in Los Angeles to be wired for showing motion pictures with sound, but it has been shut down since 1988. Foster + Partners worked with the technology company to renovate the historic building, which was originally designed by American architect S Charles Lee in 1927 in the baroque revival style. The renovation was made in a collaboration with the City of Los Angeles and expert preservationists. Inside, a grand entry hall designed in the style of Charles Garnier’s Paris Opera House, complete with bronze handrails and…

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