Connection warning for data center developers
Data center developers are far too optimistic about the time it will take to secure connections to the electricity grid, according to a report. Half of industry professionals think they will get connected within one or two years, when in reality it will take three to eight years. Hugh Taylor, CEO of Roadnight Taylor, the consultancy behind the report, said: “Data center developers are facing increasing grid connectivity challenges that could derail the most promising projects.”
How about it! Land near Lord’s that will be converted into 89 apartments
A brownfield site opposite Lord’s cricket ground in St John’s Wood will be transformed into a residential development with 89 apartments. It is the debut program of Innovo Developments UK, which is chaired by former Tory chancellor Lord Hammond. Amenities include a spa with sauna, ice bath and swimming pool, a large gym, a library and a children’s play area. The design team includes architects Apt and nine-time RHS Gold Medal winner Andy Sturgeon Design. The project will be completed in 2029.
Only Connect: Maya Jama behind new platform for creatives
An online platform connecting people in the creative industries has been launched by London real estate agent Becky Fatemi and TV presenter Maya Jama. It’s called BlackBook and is aimed at industries such as fashion, film, journalism and music to help creatives connect and find talent. Nearly 2,000 people have joined so far. Fatemi, who initially self-funded the app’s development, said: “Too many brilliant creatives are being overlooked because they don’t have the right connections.”
Next week in De Stad: Inflation and lending figures on the horizon
- A big week for economic data is ahead, culminating in the penultimate set of inflation data ahead of next month’s budget.
- On Tuesday, the ONS will publish public finance figures for September, showing how much the government had to borrow. Rachel Reeves will be desperately hoping for some improvement in the £18bn deficit in August to help her limit the size of the inevitable tax rises that are in the pipeline. Wednesday is the big day for inflation, again for September. Here too, it will probably not be pleasant reading for the Chancellor, as the total interest rate is approaching four percent. The week ends with the latest retail sales figures.
- A host of major well-known companies have scheduled trading reviews on Thursday, including Unilever, Aberdeen and the London Stock Exchange group.
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