Latest news with #CrownEstate
BBC News
24-05-2025
- Entertainment
- BBC News
Birmingham Pride to go 'back to roots' after new home search
Birmingham Pride said it is "working with the community" to secure the future of the LGBT+ festival after efforts to find a permanent home failed. Director Lawrence Barton said the festival, which attracts tens of thousands of visitors a year to the city, would be "returning to its roots" as a smaller, more community-focused event in 2026. This year is the last that Pride can use the Smithfield regeneration site for its ticketed music festival, which attracts up to 20,000 people per day and begins on Saturday. From next year, the site won't be available as it gears up for redevelopment. Birmingham City Council said it had been in regular contact with organisers and would continue to work with them to help secure its future. Earlier this month, King Charles' property company, the Crown Estate, struck a deal with Australian firm Lendlease to back the £1.8bn Smithfield redevelopment. Mr Barton said efforts to find a replacement site had proved difficult."We explored a number of potential locations for a permanent home for Birmingham Pride's arena, including extensive talks with Birmingham City Council," he said."They were unable to suggest a viable alternative that met the festival's requirements for scale, accessibility and long-term sustainability."The entrepreneur, who runs LGBT+ venues The Village Inn and The Nightingale Club in the city, added: "We will be working closely with the community on a number of transformational initiatives that will shape the next chapter of Birmingham Pride. "It's not about scaling back, it's about returning to our roots and putting community impact at the heart of everything we do." The authority said Smithfield had been a great site for Pride and recognised the important role it had played in the festival's said this year's event was meaningful, as it was the final event at the site before the next phase of transformation every stage, the development is being shaped to be welcoming and inclusive, reflecting the energy, creativity and diversity of Birmingham's communities—including the spirit of Pride itself."We're proud to have played a small part in hosting Birmingham Pride over the years, and we'll continue to work closely with the organisers and the wider community as Smithfield evolves." 'Trans community is still ignored' Birmingham Pride began in 1997 as a free community event but in recent years has grown into one of the city's largest festivals, with a ticketed music programme and a free parade. This year, some political parties were banned from marching over what organisers said were "growing concerns about the role political parties have played in fuelling a climate of hostility towards trans individuals".Organisers of the annual LGBT+ festival added Labour, the only party booked to march at the parade on Saturday, were told they cannot do said it would "continue to protect the trans community", adding laws to protect trans people in the UK's top court concluded in April a woman is defined by biological sex under equalities Echo, Birmingham Pride's director of innovation, said: "The trans+ community is still ignored by politicians at local and national level. "For too long we've been talked over, used for political gain and forced to watch as our rights are stripped away, and our existence twisted beyond recognition."
New Straits Times
20-05-2025
- Business
- New Straits Times
UK's Crown Estate signs deal with Lendlease to develop housing and science hubs
LONDON: Britain's Crown Estate, which manages King Charles' public property, signed a partnership deal with Australian real estate group Lendlease to build new homes and develop science and innovation hubs in the UK, the government said on Monday. Under the joint venture deal, The Crown Estate, which has a 16 billion pound (US$21 billion) property portfolio, can invest in Lendlease's undeveloped UK portfolio, with the potential to create 26,000 new homes and 10 million square feet of workspace and labs, a statement said. The government said the partnership's gross development value is 24 billion pounds.
North Wales Chronicle
19-05-2025
- Business
- North Wales Chronicle
Crown Estate strikes deal to back London Euston redevelopment
The monarch's property company has agreed to take a 50% stake in the new joint venture, overseeing six development schemes in the capital and Birmingham. This includes a 60-acre transformation of the space above and around Euston station, creating cafes, shops, leisure facilities and some 2,000 apartments. We have signed a Joint Venture with@Lendlease to deliver 6 key developments in London and Birmingham. The investment will deliver much-needed science, tech and innovation space as well as creating jobs and building new homes🏠 Find out more: — The Crown Estate (@TheCrownEstate) May 19, 2025 Lendlease, which is working on a master plan for the development, has estimated it could cost 11.2 Australian dollars (£5.4 billion) and take until 2040 to complete. The project has been marred by delays and uncertainties around the accompanying plans for HS2, which is expected to reach Euston despite the work being suspended. The cost of building the high-speed railway between London and the West Midlands has been estimated to be around £80 billion. The Crown Estate's joint venture with Lendlease means it will have a stake in four other major London schemes – development of the Silvertown waterside neighbourhood in east London, three land plots in Stratford Cross, the 11,500-home Thamesmead Waterfront project, and the High Road West scheme near Tottenham Hotspur's stadium. The portfolio also includes the 3.7 billion Australian dollar (£1.8 billion) development of the Smithfield site in Birmingham, which aims to create more than 3,000 homes. The firms estimate that the projects have a combined value of up to £24 billion, and have the potential to create about 100,000 jobs and 26,000 homes. The Crown Estate is an independent company that belongs to the monarch for the duration of their reign, with a £16 billion portfolio of property that spans the country, including London's West End. Profits are partly used to fund the work of the monarchy. Chancellor of the Exchequer Rachel Reeves said: 'We are pulling every lever to grow our economy so we can put more money in people's pockets, boost home ownership and make Britain a global hub for life sciences through our plan for change.' Crown Estate chief executive Dan Labbad said: 'With strong support from local and national government, we look forward to working with Lendlease and others to realise the potential of these projects to create jobs, stimulate growth and positively impact lives, while also generating income for the UK.'
Western Telegraph
19-05-2025
- Business
- Western Telegraph
Crown Estate strikes deal to back London Euston redevelopment
The monarch's property company has agreed to take a 50% stake in the new joint venture, overseeing six development schemes in the capital and Birmingham. This includes a 60-acre transformation of the space above and around Euston station, creating cafes, shops, leisure facilities and some 2,000 apartments. We have signed a Joint Venture with@Lendlease to deliver 6 key developments in London and Birmingham. The investment will deliver much-needed science, tech and innovation space as well as creating jobs and building new homes🏠 Find out more: — The Crown Estate (@TheCrownEstate) May 19, 2025 Lendlease, which is working on a master plan for the development, has estimated it could cost 11.2 Australian dollars (£5.4 billion) and take until 2040 to complete. The project has been marred by delays and uncertainties around the accompanying plans for HS2, which is expected to reach Euston despite the work being suspended. The cost of building the high-speed railway between London and the West Midlands has been estimated to be around £80 billion. The Crown Estate's joint venture with Lendlease means it will have a stake in four other major London schemes – development of the Silvertown waterside neighbourhood in east London, three land plots in Stratford Cross, the 11,500-home Thamesmead Waterfront project, and the High Road West scheme near Tottenham Hotspur's stadium. The portfolio also includes the 3.7 billion Australian dollar (£1.8 billion) development of the Smithfield site in Birmingham, which aims to create more than 3,000 homes. The firms estimate that the projects have a combined value of up to £24 billion, and have the potential to create about 100,000 jobs and 26,000 homes. The Crown Estate is an independent company that belongs to the monarch for the duration of their reign, with a £16 billion portfolio of property that spans the country, including London's West End. Profits are partly used to fund the work of the monarchy. Chancellor of the Exchequer Rachel Reeves said: 'We are pulling every lever to grow our economy so we can put more money in people's pockets, boost home ownership and make Britain a global hub for life sciences through our plan for change.' Crown Estate chief executive Dan Labbad said: 'With strong support from local and national government, we look forward to working with Lendlease and others to realise the potential of these projects to create jobs, stimulate growth and positively impact lives, while also generating income for the UK.'
Rhyl Journal
19-05-2025
- Business
- Rhyl Journal
Crown Estate strikes deal to back London Euston redevelopment
The monarch's property company has agreed to take a 50% stake in the new joint venture, overseeing six development schemes in the capital and Birmingham. This includes a 60-acre transformation of the space above and around Euston station, creating cafes, shops, leisure facilities and some 2,000 apartments. We have signed a Joint Venture with@Lendlease to deliver 6 key developments in London and Birmingham. The investment will deliver much-needed science, tech and innovation space as well as creating jobs and building new homes🏠 Find out more: — The Crown Estate (@TheCrownEstate) May 19, 2025 Lendlease, which is working on a master plan for the development, has estimated it could cost 11.2 Australian dollars (£5.4 billion) and take until 2040 to complete. The project has been marred by delays and uncertainties around the accompanying plans for HS2, which is expected to reach Euston despite the work being suspended. The cost of building the high-speed railway between London and the West Midlands has been estimated to be around £80 billion. The Crown Estate's joint venture with Lendlease means it will have a stake in four other major London schemes – development of the Silvertown waterside neighbourhood in east London, three land plots in Stratford Cross, the 11,500-home Thamesmead Waterfront project, and the High Road West scheme near Tottenham Hotspur's stadium. The portfolio also includes the 3.7 billion Australian dollar (£1.8 billion) development of the Smithfield site in Birmingham, which aims to create more than 3,000 homes. The firms estimate that the projects have a combined value of up to £24 billion, and have the potential to create about 100,000 jobs and 26,000 homes. The Crown Estate is an independent company that belongs to the monarch for the duration of their reign, with a £16 billion portfolio of property that spans the country, including London's West End. Profits are partly used to fund the work of the monarchy. Chancellor of the Exchequer Rachel Reeves said: 'We are pulling every lever to grow our economy so we can put more money in people's pockets, boost home ownership and make Britain a global hub for life sciences through our plan for change.' Crown Estate chief executive Dan Labbad said: 'With strong support from local and national government, we look forward to working with Lendlease and others to realise the potential of these projects to create jobs, stimulate growth and positively impact lives, while also generating income for the UK.'
