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Archive for May 2018

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Indian Developer’s No. 1 with 5 Strand Purchase

 

LONDON: ABIL Group is the new owner of 5 Strand in London in a first for the Indian property developer. Lucy Reid     lucy@redcarpetmagazine.co.uk

 

Savills acted for ABIL in its purchase of the mixed use office and retail building from BlackRock UK Property Fund in deal that exceeded £90 million according to Savills.

The 72,359 sq ft building is let to Westminster City Council and Boot and features design plans by Adjaye Associates for a 200-room hotel scheme and planning consent for a new 152,400 sq ft development. This encompasses office accommodation and retail space and luxury residential accommodation.

Barry Mangan, director in the central London investment team at Savills, said: “Located adjacent to Trafalgar Square, close to Charing Cross station, 5 Strand presents an attractive redevelopment opportunity to maximise the building’s strong position in prime central London. As such it makes a good investment for our client, in their first UK purchase.”

Gary Witham, director in the hotels team at a Savills, said: “As the first purchase for our client, 5 Strand makes an excellent choice providing the opportunity to create a leading purpose built hotel in a tourist location that is recognisable to a global audience.”

Savills points at £1.06 billion in London hotel investment last year which it says represents an increase of 17.7% on 2016 while institutional capital investment into hotels grew 6.8% to £370.7 million in 2017, the highest level of investment from this buyer type for over 10 years, according to the firm.

ABIL Group’s headquarters are in the Indian city of Pune and the business was founded by Avinash Bhosale in 1979. ABIL’s luxury  developments encompass the St. Regis Mumbai, W Goa, Westin Pune and Le Meridian Nagpur all under the Marriott brand across India.  

Cushman & Wakefield joined Tudor Toone to advise BlackRock on the sale.

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Cannes Premiere- Solo: A Star Wars Story

CANNES: Solo: A Star Wars Story is the first film in the series to screen at the Cannes Film Festival since Revenge of the Sith over a decade ago. Chris Page

Disney ensured that it all went with a bang thanks to a sustained fireworks display that illuminated Cannes’ watery horizon. 

Stormtroopers were notably exempt from the strict Cannes premiere dress code but notably present on the steps of the Grand Theatre Lumiere awaiting director Ron Howard and the cast who arrived for Tuesday’s screening.

The Stormtrooper presence reasserted itself later when festival director Thierry Fremaux took to the stage and introduced the film to the audience. The end of the film was met with audience applause that was deemed ‘polite’ but there was a standing ovation for Ron Howard and star Alden Ehrenreich. The general feeling among film insiders was that the encomium was far more enthusiastic at the film’s Los Angeles premiere last week. Probably just as well that Solo’s status is “out of competition” in Cannes, thereby excluding it from any awards.

 

 Jennifer Connelly and Stormtroopers in coordinated wardrobe for the party at the Carlton Beach 

 

Solo wasn’t blessed with the smoothest of starts as Ron Howard acknowledged at kast week’s press call in LA. "I did come into [it] late," he said "It was a lot of work that [original directors] Phil [Lord] and Chris [Miller] had done. And unfortunately, with creative differences, there was this circumstance where they were not going to carry on.

In Cannes though it was business as usual with Lucasfilm head Kathleen Kennedy and her Walt Disney film counterpart Alan Horn in town for the occasion along with cast members including Woody Harrelson, Emilia Clarke and Thandie Newton.

 

 

The film, released next week in the UK, portrays the infancy of space pirate Han Solo who later teams up with famed giant ape Chewbacca. It depicts Solo’s noble rise to handler of the Millennium Falcon, the craft originally piloted by Harrison Ford’s character.

After the screening, it was off up the Croisette to the Carlton Beach that had been transformed into an afterparty film set replete with the film’s most recognisable characters and, yes, more Stormtroopers. The party was a return to form for Cannes as champagne fizzed amid conspicuous sushi consumption.

 

Imagery courtesy of Getty/Lucasfilm Ltd

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Taylor Swift Raises Arizona

ARIZONA:  Taylor Swift lived up to her 10-time Grammy-winning reputation with a sell-out start to her reputation Stadium Tour.

 

The songwriter, musician and producer kicked off the tour in Glendale, Arizona on Tuesday night. With special guests Camila Cabello and Charli XCX she played to a capacity crowd of 59,157 fans at the University of Phoenix Stadium.

The Taylor Swift reputation Stadium Tour will play 53 shows encompassing 36 cities spanning seven countries and four continents in seven months in 2018.

Production values were predictably high as last night's opener saw Taylor Swift perform over two hours across three separate stages in the stadium giving ample room for her to switch between electric guitar, piano and acoustic guitar. The main stage ran to a height of 110 feet tall featuring a 172’ x 40-foot video wall that curves and continues into the floor. 

The 24-song set featured several songs from the record-breaking reputation album, including, new takes on many other fan favorites from previous albums. 

The show comes to the UK and Ireland in June. General ticketing and on-sale information is currently available at TaylorSwift.com.

 

The tour is produced and promoted by Live Nation and S.J.M. Concerts in the UK, MCD in Ireland, and the Messina Touring Group (MTG) and AEG Presents in North America.

See the video clip from the opening night: