Latest news with #AXAIMAlts
Metro
4 days ago
- Business
- Metro
Former BBC studios where EastEnders was filmed riddled with asbestos
A crumbling production complex where EastEnders and other iconic BBC TV shows have been filmed has been found to be riddled with asbestos. A pre-demolition survey of BBC Elstree Centre — sold to investment giant AXA IM Alts — shows that the substance is present across the buildings. Asbestos material was found in studios, a restaurant, the Central Technical Area, Hart House, the historic Fairbanks, a maintenance building and Neptune House, where Holby City was filmed. The new owners commissioned the survey as they turn the world-famous site in Borehamwood, north west London, into a film-making complex meeting modern standards. At the Art Deco-style studios where EastEnders, Children in Need and the BBC's General Election coverage have been filmed, the material was found in more than 150 different places. One sample was taken from insulation within a wall void and given a high priority classification. The inspectors found that the material was likely to be 'easily disturbed' and flagged it as 'remove.' Another sample taken from a restaurant block was classed as 'high priority'. However the material, used for thermal insulation, was judged 'usually inaccessible or unlikely to be disturbed.' Another sample was taken from stairs on the ground floor of studios M and C, according to the document released this week. The presence of the material was judged 'low risk' but Asbestos Consultants Europe Ltd recommended it be removed. AXA IM Alts said in January 2024 that it had exchanged contracts with the BBC for the 16-acre campus, with the deal due to be completed early this year. EastEnders will remain in an already modernised part of the site under a deal between the old and new owners to lease back part of the studio campus over the next 25 years. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The investment company has said in a planning application that 'the existing premises are no longer fit for purpose' and the redevelopment 'will boost the Elstree film industry.' The buyers, who are working with Oxygen Studios on the plans, intend to create a major new film and TV production complex with modern day requirements able to attract large-scale productions. The new development has been named Fairbanks Studios in tribute to actor Douglas Fairbanks, who leased studios on the site in 1952. The report was carried out to protect workers and others from 'asbestos containing materials' which might be unknowingly disturbed during demolition work. A spokesperson for AXA IM Alts said: 'We are fully aware of the presence of asbestos on the site which is common in old buildings and those that have been added to during their lifespan. More Trending 'These buildings are not currently in use and have not been occupied since we acquired them. 'Our development plans to transform the site into a fit for purpose, modern media campus already account for the safe removal of any asbestos using experts in this field and according to current regulations.' The BBC forwarded a request for comment from Metro to AXA IM Alts. Do you have a story you would like to share? Contact MORE: Elstree & Borehamwood: Tinseltown's less glamorous movie twin put EastEnders, Star Wars and Indiana Jones on the map MORE: BBC show branded 'completely unwatchable' triggers complaint from epilepsy group MORE: BBC releases Match of the Day 'porn noises' report it tried to keep secret
Associated Press
28-04-2025
- Business
- Associated Press
Copenhagen Infrastructure Partners to partially divest Coalburn 1
COPENHAGEN, Denmark, April 28, 2025 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV (CI IV), has signed an agreement to divest a 50% ownership stake, upon site commissioning, to AXA IM Alts, a global leader in alternative investments. Coalburn 1 is a 500MW, 2-hour duration, lithium ion battery energy storage system (BESS), located in South Lanarkshire, in southern Scotland. CIP took a financial investment decision for Coalburn 1 in December 2023 and will continue to lead Coalburn 1 project delivery through its current construction phase, and beyond the site's commissioning which is expected in early 2026. The project has a high level of contracted revenues through a 10-year optimisation agreement with SSE, alongside a 15-year capacity market agreement. Coalburn 1 is one of three transmission-connected BESS assets currently being constructed by CIP in Scotland, which collectively will have a total power capacity of 1.5GW and will be able to store and supply the grid with a total of 3GWh of electricity, enough to supply over 4.5mn households for two hours. CIP is developing a further 4.5GW of BESS project across Scotland and England. Coalburn 1 is part of an expanding CIP portfolio of UK energy infrastructure investments – CIP's CI V flagship fund recently announced that it exceeds the fund size of EUR 12 billion and invests in a range of renewable technologies from wind and solar PV to energy storage across Europe (including the UK), North America and Asia Pacific. CIP's portfolio of battery projects across the US, UK, Europe and Australia makes the company one of the leading investors of battery storage projects globally. Nischal Agarwal, CIP Partner, said: 'As CIP's development and construction portfolio of UK BESS projects continues to progress and grow, we look forward to welcoming AXA IM Alts as a new partner on our Coalburn 1 site, which once commissioned in 2026 shall be Europe's biggest operational BESS project. The delivery of Coalburn 1, alongside CIP's Coalburn 2 and Devilla construction projects, will improve the UK's energy security, enable more low cost renewables to be delivered, and will act to reduce costs for British consumers through enhanced system flexibility.' Mark Gilligan, Head of Infrastructure, AXA IM Alts, commented: 'Our investment in Coalburn 1 marks a significant milestone as we enter the UK energy storage market, reinforcing our commitment to supporting the transition to a zero carbon economy. Battery storage infrastructure is critical to achieving national energy security and unlocking the full potential of renewable energy, and we look forward to working with experienced leaders of the sector to deliver resilient, long-term value for communities, our investors and the environment.' CIP's agreement to partially divest a stake in Coalburn 1 benefited from advice given by Ashurst (Legal Advisers: ) and RBC Capital Markets (Financial Advisers: ). About Copenhagen Infrastructure Partners Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world's largest dedicated fund manager within greenfield energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. In the UK, CIP is investing in over 25 GW of renewable energy infrastructure, representing over £40 Billion of future investment potential. CIP manages 13 funds and has to date raised approximately EUR 32 billion for investments in energy and associated infrastructure from approximately 180 international institutional investors. CIP has projects in more than 30 countries and more than 2500 employees across platforms and projects globally. For more information, visit About AXA IM Alts AXA IM Alts is a global leader in alternative investments with €186 billion of assets under management[1] comprising c.€81 billion of primarily private real estate, over €93 billion of private debt and alternative credit, as well as c.€12 billion in Infrastructure and private equity. We take a 360° approach to real estate & infrastructure investing with €126 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow. AXA IM Alts employs over 980 people located in 17 offices around the world and serves the needs of over 640 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe, and one of the largest worldwide [2]. AXA IM Alts is a business unit of AXA Investment Managers. 1 Source: AXA IM Alts data (unaudited) as at 31 December 2024. 2 Highest-ranked Real Estate Manager in the European Union according to IPE's Global Top 150 Real Estate Investment Managers, based on total value of real estate assets under management, November/December 2024. Visit our websites and For further information, please contact: E-mail: [email protected] Oliver Routhe Skov, Head of Media Relations Phone: +45 30541227 Email: [email protected] Thomas Kønig, Partner – Global Head of Fundraising and Partner – Investor Relations Phone: +45 7070 5151 Email: [email protected]
Hamilton Spectator
28-04-2025
- Business
- Hamilton Spectator
Copenhagen Infrastructure Partners to partially divest Coalburn 1
COPENHAGEN, Denmark, April 28, 2025 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure IV (CI IV), has signed an agreement to divest a 50% ownership stake, upon site commissioning, to AXA IM Alts, a global leader in alternative investments. Coalburn 1 is a 500MW, 2-hour duration, lithium ion battery energy storage system (BESS), located in South Lanarkshire, in southern Scotland. CIP took a financial investment decision for Coalburn 1 in December 2023 and will continue to lead Coalburn 1 project delivery through its current construction phase, and beyond the site's commissioning which is expected in early 2026. The project has a high level of contracted revenues through a 10-year optimisation agreement with SSE, alongside a 15-year capacity market agreement. Coalburn 1 is one of three transmission-connected BESS assets currently being constructed by CIP in Scotland, which collectively will have a total power capacity of 1.5GW and will be able to store and supply the grid with a total of 3GWh of electricity, enough to supply over 4.5mn households for two hours. CIP is developing a further 4.5GW of BESS project across Scotland and England. Coalburn 1 is part of an expanding CIP portfolio of UK energy infrastructure investments – CIP's CI V flagship fund recently announced that it exceeds the fund size of EUR 12 billion and invests in a range of renewable technologies from wind and solar PV to energy storage across Europe (including the UK), North America and Asia Pacific. CIP's portfolio of battery projects across the US, UK, Europe and Australia makes the company one of the leading investors of battery storage projects globally. Nischal Agarwal, CIP Partner, said: 'As CIP's development and construction portfolio of UK BESS projects continues to progress and grow, we look forward to welcoming AXA IM Alts as a new partner on our Coalburn 1 site, which once commissioned in 2026 shall be Europe's biggest operational BESS project. The delivery of Coalburn 1, alongside CIP's Coalburn 2 and Devilla construction projects, will improve the UK's energy security, enable more low cost renewables to be delivered, and will act to reduce costs for British consumers through enhanced system flexibility.' Mark Gilligan, Head of Infrastructure, AXA IM Alts, commented: 'Our investment in Coalburn 1 marks a significant milestone as we enter the UK energy storage market, reinforcing our commitment to supporting the transition to a zero carbon economy. Battery storage infrastructure is critical to achieving national energy security and unlocking the full potential of renewable energy, and we look forward to working with experienced leaders of the sector to deliver resilient, long-term value for communities, our investors and the environment.' CIP's agreement to partially divest a stake in Coalburn 1 benefited from advice given by Ashurst (Legal Advisers: ) and RBC Capital Markets (Financial Advisers: ). About Copenhagen Infrastructure Partners Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world's largest dedicated fund manager within greenfield energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. In the UK, CIP is investing in over 25 GW of renewable energy infrastructure, representing over £40 Billion of future investment potential. CIP manages 13 funds and has to date raised approximately EUR 32 billion for investments in energy and associated infrastructure from approximately 180 international institutional investors. CIP has projects in more than 30 countries and more than 2500 employees across platforms and projects globally. For more information, visit About AXA IM Alts AXA IM Alts is a global leader in alternative investments with €186 billion of assets under management[1] comprising c.€81 billion of primarily private real estate, over €93 billion of private debt and alternative credit, as well as c.€12 billion in Infrastructure and private equity. We take a 360° approach to real estate & infrastructure investing with €126 billion of assets under management in direct opportunities, held indirectly through debt and listed equities and via long term private equity investments into operating platforms. ESG is fully integrated into our investment decision making processes with our responsible investment approach anchored by the three key pillars of decarbonisation, resilience and building tomorrow. AXA IM Alts employs over 980 people located in 17 offices around the world and serves the needs of over 640 clients from Europe, North America, Asia Pacific and Middle East. We are the number one property portfolio and asset manager in Europe, and one of the largest worldwide [2]. AXA IM Alts is a business unit of AXA Investment Managers. 1 Source: AXA IM Alts data (unaudited) as at 31 December 2024. 2 Highest-ranked Real Estate Manager in the European Union according to IPE's Global Top 150 Real Estate Investment Managers, based on total value of real estate assets under management, November/December 2024. Visit our websites and
Bloomberg
12-02-2025
- Entertainment
- Bloomberg
Gordon Ramsay's New Sky-High Restaurant Brings Vegas to the City of London
It's been a busy few weeks for Gordon Ramsay. He took time to film a HexClad Super Bowl ad with actor Pete Davidson and then make po' boys for broadcasters at the big game in New Orleans. The activities personify his curious amalgam of roles: part cosplay TV chef, part brand ambassador, a headline generator and, ultimately, an entertainment industry bigwig with star power. Those ever-evolving characters are in evidence at 22 Bishopsgate, where Gordon Ramsay Restaurants Ltd. has taken a 20-year lease from AXA IM Alts for, count them, five new ventures in one mammoth skyscraper in the City of London. There's a new outpost of his 'Asian-inspired' restaurant Lucky Cat; a 12-seat chef's-table version of his three-Michelin-star Chelsea flagship, Restaurant Gordon Ramsay; a HexClad-badged cooking academy; a 60-seat Lucky Cat Bar; and another brasserie-style Bread Street Kitchen, which is due to open later in the year.
