market news
News stories: 1 - 22 of 22
Wellness real estate market nearly doubles between 2017-2020, finds new GWI research
by Megan Whitby | 28 Sep 2021
From 2017-2020, the global wellness real estate market expanded from US$148bn (€126bn,£109bn) to US$275bn (€235bn, £203bn). These figures were released today (28 September) in the Global Wellness Institute’s (GWI) new study, called Wellness Real Estate: Looking Beyond COVID-19. The GWI defines wellness real estate as the construction of residential and commercial/institutional properties that incorporate intentional wellness elements into their design, materials and building, as well as their amenities, services and/or
3XN’s Sydney Fish Market redevelopment gets funding approval
by Stu Robarts | 24 Sep 2019
Sydney Fish Market is to more than double in size and gain a variety of new leisure amenities and public spaces, following confirmation that AUS$750m (US$509m, €463m) will be invested in its redevelopment. The market, which is said to be the largest of its kind in the Southern Hemisphere, will move from its existing location in Pyrmont to the adjacent Blackwattle Bay in Sydney Harbour. The new site will occupy
Kengo Kuma's wood market-inspired museum on track for summer opening
by Andrew Manns | 21 Mar 2019
The Kengo Kuma-designed Odunpazarı Modern Museum (OMM) is slated to launch in Eskisehir, Turkey – the former "Turkic World" capital of culture – in June. The 4,500 sq m museum, which takes its cantilevered, stacked appearance from the town's Ottoman-era houses and traditional wood market, will unfold over three floors and comprise exhibition galleries, workshop areas, event spaces, a cafe, and a shop. Founded by Turkish billionaire and art aficionado
Marissa Hermer forays into US market with Fettle-designed brasserie in Los Angeles
by Andrew Manns | 19 Mar 2019
International design studio Fettle have created the Draycott in Los Angeles, CA – the first restaurant from English restauranteur and television personality Marissa Hermer to open in the US. The 186-cover eatery, which takes its name from Draycott Avenue in London (where Hermer met her husband, Matt) features a terrace, bar, and private dining room. Located in the 125,000 sq ft (11,613 sq m) Palisades Village neighbourhood – the brainchild
MVRDV share details of green-roofed emporium in Taiwan
by Andrew Manns | 06 Mar 2019
Dutch design firm MVRDV have revealed renderings of their plan to create an open-air marketplace and urban escape in Tainan, Taiwan. The new attraction, which recently broke ground, will be divided into two areas: a ground-floor trading area – set to host vending stalls and kiosks – and a rooftop park. Landscaped to resemble terraced paddy fields, the green expanse will function as a recreational retreat and feature benches, picnic
3XN release final renderings of Sydney community fish market
by Andrew Manns | 07 Nov 2018
Danish architecture firm 3XN have pulled back the curtain on their designs for the Blackwattle Bay fish market in Sydney, Australia. Described by the company’s founder, Kim Nielson, as a future "iconic destination" for the country, the 3.6-hectare waterfront emporium and public attraction will feature a number of open-air restaurants as well as customisable modular spaces for social events and performances. The estimated AU$250m (US$182.1m, €158.7m, £138.6m) complex, which was
IHG moves in on UK luxury market with 13 hotels and new upscale brand
by Tom Walker | 09 May 2018
InterContinental Hotels Group (IHG) is to expand its luxury estate in the UK after securing a deal to rebrand and operate 13 upscale hotels. IHG will operate the properties on behalf of French real estate group Foncière des Régions (FdR), which acquired the hotels from an affiliate of Starwood Capital Group for a reported US$1.1bn (£830m) earlier this month. The deal will see IHG introducing its boutique brand, Kimpton Hotels
Four Seasons becomes latest group to enter Bengaluru hotel market
by Tom Walker | 02 Feb 2018
Four Seasons Hotels and Resorts has signed a deal with Indian property company Embassy Group to open a new luxury hotel and private residences in Bengaluru, one of India's fastest growing cities. Located within Embassy ONE, a mixed-use development featuring commercial office space and premium retail outlets, the hotel is set to open later this year. The 230-room Four Seasons Hotel Bengaluru at Embassy ONE has been designed by HKS
Worlds of leisure and commerce collide at Snøhetta's sculptural Oman fish market
by Kim Megson | 03 Jan 2018
A sinuous waterfront landmark has opened along the lively corniche in Muttrah on the coast of Oman, bringing together commerce and leisure at the nation’s largest harbour. Designed by architects Snøhetta, the Muttrah Fish Market is a hub for the local fishing industry but is also a focal point and destination for both the community and international tourists. Located close to the city’s original fish market, built in 1960, the
Six Senses to put heat on Alpine ski resort market
by Tom Walker | 27 Oct 2017
Resort and hotel operator Six Senses is looking to establish itself as a leader in the luxury ski resort market. The Thailand-based group, which opened its first Alpine property in 2015 – the Six Senses Residences Courchevel in the French Alps – is now set to operate two further large ski and spa resorts in the Austrian and Swiss Alps. The 80-bedroom Six Senses Kitzbühel Alps, located in the Salzburg
Henderson Park enters UK hotel market with £500m deal for Hilton hotels
by Tom Walker | 11 Aug 2017
European real estate investment platform Henderson Park has acquired two Hilton-operated hotels in London and Birmingham – signalling the group’s entry to the rapidly-growing UK hotel market. The deal, believed to be worth around £500m (US$646m, €545m), will see Henderson Park take control of two of the UK’s largest hotels. The Hilton London Metropole is the capital’s second largest hotel by room count and one of Hilton’s flagship hotels, housing
Newmarket’s National Heritage Centre for Horseracing and Sporting Art enters final furlong
by Tom Anstey | 26 May 2016
25 years on from its inception, work is nearing completion on Newmarket’s £14m (US$20.4m, €18.2m) National Heritage Centre for Horseracing and Sporting Art, which sees the Palace building and stables transformed to create a state-of-the-art museum dedicated to the sport of horseracing. Celebrating more than 350 years of sporting history, Mather & Co are behind the plans, which gained Heritage Lottery funding in 2012 to the tune of £4.25m (US$6.2m,
EXCLUSIVE: MVRDV founders speak to CLAD about the importance of leisure architecture
by Kim Megson | 13 Apr 2016
The founding partners of Dutch studio MVRDV have told CLAD that architects and developers must consider including a leisure component when designing new structures in built environments. In an exclusive interview, Winy Maas, Nathalie de Vries and Jacob van Rijs, explained how their own work – including residential and commercial projects such as Rotterdam’s Market Hall – include leisure components to bring life to their surrounding locations. “Leisure is an
Anthony Bourdain food market to anchor floating New York pier
by Kim Megson | 18 Nov 2015
The transformation of Pier 57, a derelict 1950s floating pier in New York City, into a mixed-use scheme has been declared “tantalisingly close to being realised”. Seth Pinsky, executive vice president at property firm RXR Realty, has revealed work will begin soon on the 450,000sq ft (41,000sq m) development on the Hudson River – recently rebranded the SuperPier. Speaking at a summit in NYC, Pinsky said the first two floors
Minor Hotel Group's Avani brand will enter Australian market as part of AUD$5bn Perth City Link project
by Helen Andrews | 01 May 2015
The Avani brand by Minor Hotel Group (MHG) is set to enter the Australian market with an investment of more than AUD$110m (US$87m, €77m, £57m) with an Avani-branded hotel and residences in Perth, as part of the AUD$5bn (US$3.9bn, €3.5bn, £2.6bn) cultural Perth City Link project. MHG has been selected by the Metropolitan Redevelopment Authority (MRA) to develop Lots 2 and 3A within the Perth City Link project as a
Covent Garden Market subject to £2bn mixed-use development plans
by Jak Phillips | 19 May 2014
The UK’s largest fruit, vegetable and flower market, Covent Garden Market, could be the setting for a £2bn redevelopment featuring 3,000 homes plus a combined 21,000sq m (226,042sq ft) of leisure, office and retail space. Architecture giants BDP and SOM have submitted plans – a “refinement” of the scheme by Foster & Partners and Neil Tomlinson Architects which won planning in 2012 – for the regeneration of the New Covent
Laura Ashley diversifies into the boutique hotel market
by Aoife Dowling | 01 Aug 2013
English lifestyle brand, Laura Ashley, has opened the doors to its first luxury boutique hotel. The new venture comes as the company celebrates its 60th anniversary. Located in the Hertfordshire countryside, Laura Ashley The Manor, Elstree is set in a Tudor revival property, surrounded by 10-acres of woodland. The hotel features 49 guestrooms and suites, each individually designed using the current Laura Ashley Home collections. The Cavendish Restaurant & Terrace
Country house-style spa for Newmarket
by Aoife Dowling | 28 Jun 2013
A new luxury spa, influenced by its historic country house surroundings, is to open its doors in Newmarket, UK next month. Situated adjacent to the Bedford Lodge Hotel, The Spa at Bedford Lodge is housed in a Victorian-era property which once formed part of the estate of the sixth Duke of Bedford. Designed by Trevillion Interiors, the spa is themed around the fragrance of traditional English lavender and every aspect
Sneinton Market plans put on display
by Pete Hayman | 26 Apr 2010
Plans for a new public square at Nottingham's Sneinton Market have been put on display. Local residents were given the opportunity to have their say on the Patel Taylor-designed proposals – part of a wider £6.8m scheme to improve links with the city's eastside – at a Nottingham City Council (NCC) event held on 24 April. The public square, which will create a space for events, festivals and performances, is
Greenwich Market set for revamp
by Caroline Wilkinson | 29 Apr 2009
Plans for the 100,000sq ft mixed-use regeneration of Greenwich Market in London, part of the Maritime Greenwich World Heritage Site, have been submitted to the London Borough of Greenwich. Designed by Hopkins Architects, the scheme is part of the redevelopment of Greenwich Town Centre. Among plans for the 0.7-hectare (1.7-acre) site are a 100-bed boutique hotel, shops and studios under a newly covered market square. The site is owned by
Canning Town market plans approved
by Pete Hayman | 18 Mar 2009
Plans for the £180m transformation of a historic market in Canning Town, east London, have been given the green light by the London Thames Gateway Development Corporation (LTGDC). The 680,000sq ft (63,174sq m) regeneration of Rathbone Market will be one of the first projects as part of a wider redevelopment masterplan for the Canning Town area, incorporating a new market square and 49,000sq ft (4,552sq m) of retail space and
Canning Town market set for £180m makeover
by Pete Hayman | 08 Dec 2008
A historic market in Canning Town, east London, is set to receive a £180m transformation under plans unveiled by the English Cities Fund (ECf), a joint venture between Muse Developments, English Partnerships and Legal and General. The 680,000sq ft (63,174sq m) regeneration of Rathbone Market is to be one of the first projects of a wider redevelopment masterplan of the Canning Town area. At the centre of the proposals for
News stories: 1 - 22 of 22
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