wurlycurly
diss member
A breakdown of that £1.5m figure would be very interesting. Where the hell has all the cash gone?
Pop Brixton (formerly Grow Brixton) Pope's Road development
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A breakdown of that £1.5m figure would be very interesting. Where the hell has all the cash gone?
T & P
|-o-| (-o-) |-o-|
Welcome to Great Britain. Everything here costs (to a layman's eye like mine, at least) exorbitant amounts of money. The redesign and repaving of Oxford Circus's central crossing area cost £7m, for instance. Seven million quid to replace some paving stones.
It is ridiculous but I don't think it is out of step with what building anything at all in this country costs. There might have been incompetence at work of course, but the figure alone is meaningless and it's impossible to draw any conclusions from it.
editor
hiraethified
Oh right. So best not ask any questions then because some unrelated projects elsewhere have inexplicably cost a lot too.
It's a fucking pile of low-cost, second hand rusty containers on a bit of rent-free land in Brixton. How the fuck can that temporary structure cost £1.5m? And why should that much money be spent on a temporary structure in the first place?
SpamMisery
Pretty comfortable here right under your skin
The O2 anyone?
wurlycurly
diss member
It will be dismantled for a bargain-basement £2m.
Manter
Lunch Mob
Yes- I'll always like them because of their fundraisers for Calais Kitchen. Made thousands.
Incidentally the only charitable donations you can put in your accounts are those relevant to your business. So if I sponsor the kit for a local football team I can put that in my accounts as my logo will appear etc; if I randomly give £1k to a donkey sanctuary I can't (unless my business related to donkeys of course)
Gramsci
Well-Known Member
It's part of the Brixton Central Master plan area. Consultation on the plan will restart in September.
At the moment looks like being housing with other mixed uses.
Council have not yet said how this will be done. Whether they will partner with a developer.
ViolentPanda
Hardly getting over it.
It maybe "newsworthy" if, down the road a bit, CTA etc use the early lack of profitability as a jemmy to force "concessions" out of Lambeth regarding future profits.
Rushy
basically a scrotum
11 Tips You Need To Know Before Building A Shipping Container Home
7. Don't Expect To Make A Huge Saving
"What I wish I had known is that building a house from shipping containers cost me a similar amount as a stick built house."
- Robyn Volker, owner of the North Branch Container House by Tim Steele
7. Don't Expect To Make A Huge Saving
"What I wish I had known is that building a house from shipping containers cost me a similar amount as a stick built house."
- Robyn Volker, owner of the North Branch Container House by Tim Steele
Rushy
basically a scrotum
Not a breakdown as such, but looking at the built floor area set out in the planning docs (including the later addition of four extra containers under the poly tunnel) there are about 1,450sqm of built space. The £1.5 million project cost comes out at approximately £1,000 per square meter, all in including VAT where applicable. This figure probably includes more than just straightforward build costs.
Residential (I don't know much about commercial costs) build cost in London is usually closer to £2,000 per square meter plus VAT if applicable. At less than half that, the Pop costs don't stand out as particularly outrageous, although someone here is likely to know more than I do about commercial building works.
Rushy
basically a scrotum
Don't joke. I can't recall what the figure was to take down the single story brick changing rooms in Brockwell Park and leave the fugly concrete slab, but I recall my eyes watering.
Gramsci
Well-Known Member
Thanks to the great advertising on urban I popped into Pop Brixton on Saturday afternoonIt was busy and full of young people so we went back to the beehive
Been in the Beehive a few Saturday afternoons and it has a mixed crowd then. It's cheap place to go after Saturday shopping in Brixton
teuchter
je suis teuchter
Yes the build cost doesn't seem surprising to me.
Also, the majority of that £1.5m stumped up by money grabbing evil capitalist Blairite/Thatcherite I'm all right jack loadsamoney posho corporate hipster monsters "The Collective" - not public funding. So it's their capital at risk if the project doesn't turn a profit at the end.
Of course if it doesn't turn a profit then the council's expected profit-share won't appear. And it would be fair enough to criticise the project on that basis, seeing as that was supposed to be part of the benefit of doing it.
Rushy
basically a scrotum
I'm sure that folk will be delighted if the project returns a whopping profit in the next period.
Anyone know how much the site is generating in business rates?
Nanker Phelge
Leave the gun. Take the cannoli.
All my dislike for Pop aside, I wouldn't take any joy in it being a complete failure and making no profit. Now it's there it might as well be successful and make Lambeth some dough which may end up being put to good use....somewhere....in some distant daydream.
snowy_again
Slush
Accounts link here: http://media.wix.com/ugd/7c8bd5_3933f26c3b1a412bb0948154d93296a0.pdf
Covering the period from 18 November 2014 to 31 January 2016, so won't include 2015-16 income / expenditure or any later grants from LBL or others.
Covering the period from 18 November 2014 to 31 January 2016, so won't include 2015-16 income / expenditure or any later grants from LBL or others.
T & P
|-o-| (-o-) |-o-|
Well they could cut costs by reducing or cutting off altogether all the free activities and events they host, and increasing the rent prices forcing the stallholders to increase their own prices. That way the place would be firmly in the black in time, and everyone's happy.
Oh wait.
editor
hiraethified
Or they could have just built something a lot less trendy and expensive with cheaper rents, not got arch capitalists The Collective onboard and not made it something that had to be guarded by over £120,000 of security.
The free activities and events - the kind of thing that goes on in venues all over Lambeth every week without the need for fanfare - cost very little to put on, by the way, and also generate income for the food and bar stalls (and publicity, natch), so that's one almighty strawman you're putting up there.
But do tell me how impressed you are with that massive £250 charitable donation they managed to scrape together in relation to the £375,029 they received in rent from tenants on their rent-free gift of a site. Real community stuff there, eh?
SpamMisery
Pretty comfortable here right under your skin
And the £16,000 they gave to Reprezent Radio and the many free events they hosted (and paid for) and the significantly reduced rents they offered tenants. That counts as charitable giving in my book.
Rushy
basically a scrotum
There appears to be some confusion between charitable donation and fund raising (which it is being compared to). The former would go through the accounts as it is a donation paid out of the business' own profit (which we know was non existent).
The latter would not usually show up in accounts as it is money raised from others for donation to a third party. It never belongs to the business and would not normally show on accounts.
The latter would not usually show up in accounts as it is money raised from others for donation to a third party. It never belongs to the business and would not normally show on accounts.
cuppa tee
Well-Known Member
yep plenty of scope for creative accounting right there
E2a also here.......Business rates relief - GOV.UK
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snowy_again
Slush
Can you explain that? [edit, sorry whilst I was posting, you edited to add the Business Rates info]
cuppa tee
Well-Known Member
yes I am a bit dim but the dark arts of accountancy make me suspicious
especially when concepts of community and charity are thrown in the mix........
Angellic
Well-Known Member
I think any discounts are applied as a percentage. I work for a charity which owns the building. We rent a small office to a commercial organisation. We lose some of the rate relief based on the size of the office in proportion to our offices.
snowy_again
Slush
But they're two separate things - a company giving to charity is obliged to record that in their accounts, and voluntary donations (for charity being collected from individuals etc) being generated on its own premises isn't anything to do with their accounts.
The latter is what's been cited re. Calais etc. as well as what happened at the Canterbury.
The latter is what's been cited re. Calais etc. as well as what happened at the Canterbury.
editor
hiraethified
The Collective. A Mayfair based property development business who like to target “ambitious young professionals.” Yep, they're the perfect fit for a local community project.
And in that true community spirit, why not let some multinationals 'take over' the entire place for a bit? Or regularly give up space for a massive national chain to charge West End prices to watch an old film or two? Oh, wait. They've already done that.
And in that true community spirit, why not let some multinationals 'take over' the entire place for a bit? Or regularly give up space for a massive national chain to charge West End prices to watch an old film or two? Oh, wait. They've already done that.
