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The Masked Tulip

Firm Behind 1,800-flat Project In Administration

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ONE of the major backers behind Cardiff’s flagship 33-storey residential development scheme has gone into administration.

City Lofts Group, one of two firms behind the 1,800-flat Bay Pointe development planned for Cardiff Bay, went into receivership last week.

Unsold flats at another of the firm’s projects in Cardiff, understood to be the Conran-designed Admiral House on Newport Road, were handed over to receivers four days earlier.

The managing director of the Bay Pointe project said the collapse of Yorkshire-based City Lofts would not spell the end of the £500m plans for Cardiff Bay.

Chris Hamilton said: “City Lofts has its own demons to sort out, like many others in the sector. Bay Pointe is unaffected by this.

But he added: “That’s not to say Bay Pointe is not affected by the current state of the market. We’ll be keeping a close eye on the market to see how it shapes up over the coming months."

Plaid AM Chris Franks warned that City Lofts collapse was just "the tip of the iceberg".

He said: "The construction industry is in meltdown."

http://www.walesonline.co.uk/news/wales-ne...91466-21310445/

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Guest Bart of Darkness
But he added: “That’s not to say Bay Pointe is not affected by the current state of the market."

Double negative?

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When I was a child my Mum used to sing a son... "Little boxes, little boxes and they all look the same..." Forget the lyrcis now.

Malvina Reynolds

Little boxes on the hillside,

Little boxes made of ticky tacky

Little boxes on the hillside,

Little boxes all the same,

Theres a pink one & a green one

And a blue one & a yellow one

And they are all made out of ticky tacky

And they all look just the same.

And the people in the houses

All went to the university

Where they were put in boxes

And they came out all the same

And theres doctors & lawyers

And business executives

And they are all made out of ticky tacky

And they all look just the same.

And they all play on the golf course

And drink their martinis dry

And they all have pretty children

And the children go to school,

And the children go to summer camp

And then to the university

Where they´re put in boxes

And they come out all the same.

And the boys go into business

And marry & raise a family

In boxes made of ticky tacky

And they all look just the same,

Theres a pink one & a green one

And a blue one & a yellow one

And they are all made out of ticky tacky

And they all look just the same.

Edited by Knut

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Thanks Knut... I will expect you round my house just after Newnight tonight to tuck me and to sing it to me. I also like 'Rockabye baby on the tree tops...' :)

Oh dears seem to becoming a daily news event in Wales -

Credit crunch 'to ravage Welsh economy'

http://www.walesonline.co.uk/news/wales-ne...91466-21316860/

Last night there was further evidence of the credit crunch biting hard, as it emerged the cost of fixed-rate mortgages has soared to an eight-and-a-half year high.

At the same time it also emerged that City Lofts Group, one of the major backers behind Cardiff’s 1,800-flat Bay Pointe development, has gone into administration.

Professor Patrick Minford of Cardiff University Business School said: “How long it will last is a very serious issue; it could be several years. It is very hard to see a quick resolution.”

Meanwhile Professor David Brooksbank, director of enterprise at Uwic’s Cardiff School of Management, said all indications pointed to a major down turn in the economy.

He added: “The situation is clearly very worrying. Technically we are not in recession, in terms that we have not seen two quarters of negative growth, but we are in for a very rough ride.

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flats like this are just 'working prisons'

anyone busting a nut working hard to live in this kind of small box must be brain dead.

its just like the generation 20-35 have lost any ********.

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people getting up at 6am and walking to green bus stops in this shit weather.

marching to grey call centres with anti smoking policies and anti life rules.

walking in line to buy a sandwich wrapped in acres of plastic. drinking water that comes from a tap, only flown in from peru.

then they march back into the grey taking calls from the most gusted collection of back trapping nimby callers. complaining about everything and anything

that might get them a glimmer of compensation or pay back.

then they walk back later and later to the ever decreasing floorspace of some silly little poke pit above the call centres they work in 6 days a week.

every friday they might go to wetherspoons and drink and drink and drink till they are sick and ill, yet MUST'NT smoke cos thats bad for you.

they might eat a kebab served from people with hate in their eyes. they might take a taxi whos meter defies time. they may have a knife fight on a bus.

theres no police, except the ones that come knocking over dog poop or parking fines.

theres no services to say how much they take from you in tax and give it to people already loaded up.

theres no greenbelt. just ownership and control and life poverty.

pc police everywhere and 1000 chiefs for every indian.

put it in a pension - they will take it.

theres something wrong with people today.

they are drones. high panted simon cowell brainwashed drones. loan drones.

with all to show for a miracle birth is a mini copper bullied by payments in sweat.

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people getting up at 6am and walking to green bus stops in this shit weather.

marching to grey call centres with anti smoking policies and anti life rules.

walking in line to buy a sandwich wrapped in acres of plastic. drinking water that comes from a tap, only flown in from peru.

then they march back into the grey taking calls from the most gusted collection of back trapping nimby callers. complaining about everything and anything

that might get them a glimmer of compensation or pay back.

then they walk back later and later to the ever decreasing floorspace of some silly little poke pit above the call centres they work in 6 days a week.

every friday they might go to wetherspoons and drink and drink and drink till they are sick and ill, yet MUST'NT smoke cos thats bad for you.

they might eat a kebab served from people with hate in their eyes. they might take a taxi whos meter defies time. they may have a knife fight on a bus.

theres no police, except the ones that come knocking over dog poop or parking fines.

theres no services to say how much they take from you in tax and give it to people already loaded up.

theres no greenbelt. just ownership and control and life poverty.

pc police everywhere and 1000 chiefs for every indian.

put it in a pension - they will take it.

theres something wrong with people today.

they are drones. high panted simon cowell brainwashed drones. loan drones.

with all to show for a miracle birth is a mini copper bullied by payments in sweat.

Ooooo that's good who is it by?

Back on topic though, that unfinished block is going to be like a big reminder to everyone in Wales that houses are not an investment opportunity.

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Ooooo that's good who is it by?

Back on topic though, that unfinished block is going to be like a big reminder to everyone in Wales that houses are not an investment opportunity.

Eh? it's by Fred, he's genius when he's in the mood. :)

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Guest Bart of Darkness
Ooooo that's good who is it by?

That's 100% fred that is.

He's got a touch of the poet, that one.

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Under Milk Wood. Cardiff Bay

Dylan Thomas

Less than five hundred souls inhabit the three quaint streets Tower Blocks

and the few narrow by-lanes and scattered farmsteads BTLs that

constitute this small, decaying watering-place which may,

indeed, be called a 'backwater of life' 'Wales' without disrespect

to its natives who possess, to this day, a salty individuality Huge Debt

of their own. The main street, Coronation Street, consists,

for the most part, of humble, two-storied roomed houses Flats many of which

attempt to achieve some measure of gaiety by prinking

themselves out in crude colours and by the liberal use of

pinkwash stuco plaster, though there are remaining a few eighteenth-century nineteenth -century

houses of more pretension, if, on the whole, in a sad state

of disrepair. Though there is little to attract the hillclimber Estate Agent

the healthseeker First time buyer, the sportsman Buy to let Landlord, or the weekending motorist speculator,

the contemplative may, if sufficiently attracted to spare

it some leisurely hours, find, in its cobbled streets and

its little fishing harbour half built Apartments, in its several curious customs,

and in the conversation of its local 'charactersEstate Agents,' some of

that picturesque sense of the past so frequently lacking in

towns and villages which have kept more abreast of the times.

The River Dewi Taff is said to abound in trout empty Water side apartment, but is much poached.

The one place of worship, with its neglected graveyard, is of

no architectural interest, is the Debt Councillor's building.

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1,800 slaveboxes in a "luxury exec" hellblock in a poor city of 317,000 people?

Sounds likely in .uk.

But flats don't have to be bad. In the mid-1980s I lived on the 9th floor, on an estate of 2000 flats, and it was genuinely very nice. My landlady was the widow of a millionaire industrialist, who had had nice pads in several cities where he had businesses.

That was in Nurnberg (DE), where they built high-quality - as opposed to "low cost" - since 1945.

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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