Blog Archives

‘Affordable Housing’ update on Gehry’s Guff

Further to the released plans of aesthetically thrilling design of the Phase III of the Battersea Power Station project unveiled by Frank Gehry earlier this year, certain things are clear. Confirmed: it will be a positive addition to London, and contribute more interest to Battersea Power Station by letting it overflow with some of Gehry’s magic. Gehry in collaboration with Foster + Partners has designed the undulating building to the west of The Electric Boulevard called “The Skyline”, which brings together the other half of the planned homes in addition to a medical centre and 160-room hotel.  Two floors of retail front on to the western side of the street, while breaks in the façade allow daylight to reach the public spaces below are bound to wow the architectural crowd and the entire top of the building is laid out as one of London’s largest roof gardens, who could ask for more.  It even includes 103 units of affordable housing. The question is, how many people can afford £800,000 for the smallest apartment though?  What is not so clear is their definition of ‘affordable’ is one that would serve only a small percentage of the population with a one bed apartment starting at £800,000.

Frank Gehry, Founder of Gehry Partners:

“Our goal from the start has been to create a neighbourhood that connects into the historic fabric of the city of London, but one that has its own identity and integrity. We have tried to create humanistic environments that feel good to live in and visit.”

Ed Vaizey, Culture Minister:

“Battersea Power Station is an iconic site and the unveiling of this exciting new design by Frank Gehry and Foster + Partners will ensure the development of this former industrial site will put Battersea on the world stage once again. The plans for a new high street for the capital show that London continues to attract the best in terms of architecture, design and innovation.”

These quotes are from their press release and it is clearthat everyone is in accord that it Phase III is  going to be an aspirational environment, but only for a lucky few.  Unfortunately this is going to happen more and more as the government has recently allowed developers in new build hot-spots like Milton Keynes to renegotiate the number of affordable housing in one case from 63 to zero in an effort to stop the scheme ‘stalling’ as the previous numbers were ‘economically unrealistic’.  Seems like they didn’t have to go to the bother to renegotiate, unless their ‘affordable housing’ was aiming for the people earning more than £200,000 p.a.!

Richard Butler-Creagh

Advertisements

Richard Butler-Creagh: Property Developer and Consultant

Business life

Richard Butler-Creagh has been involved in the property business since 1985 when he discovered that he had a talent for finding good value properties in excellent areas but in various states of neglect being sold below market value.  He invested in the refurbishment of these properties after purchasing them and started building an impressive portfolio. He became an expert in real estate, locating the right property, financing it, renovating it and reselling it.  Financing is a critical element and from this experience it was clear to Richard that there was a gap in the market where credit providers were not meeting market needs.  Henley Finance Ltd, based in Henley on Thames is his new venture where he consults on all aspects of lending.

Racing for charity

Richard is a well-established businessman, property developer and property consultant.  He is also a passionate sportsman who competes in marathons, cycling and various other sporting events.  He recently cycled in tandem with his friend Brian Head in a charity race to raise funds and awareness for the Sue Ryder Hospice situated in Nettlebed.  Richard had never ridden a tandem bike before they started training together. Brian, who lost his sight after an emergency operation removing a pituitary gland tumour almost four years ago, is the father of Anthony Head who died at the age of 46 after a year-long battle with oesophageal cancer.  Anthony had finally lost his battle at the Sue Ryder Hospice.  He had owned his own successful software company employing more than 100 people across the UK.  Brian Head together with Richard Butler-Creagh rode in celebration of Anthony’s life.

Sporting achievements 

Richard is also an avid sailor, having sailed his yacht “Carpe Diem” across the Atlantic Ocean to Barbados in 2000.  He has also run the London marathon and in 2001 finished in 3 hours and 38 minutes.  In October 2013 he ran the Dublin Marathon and at the age of 50 beat his personal best he achieved 12 years earlier in 3 hours 25 minutes and 15 seconds, raising over £1,000 for Sue Ryder.   He is a member of the Royal Automobile Club and Pall Mall London.   Richard lives in Henley on Thames with his wife Charlotte whom he married in 2002, and his two children Ella and Blake.