Draft booklet: Findings Isle of Dogs

DELICATE ECONOMIES: CRUMBLING INFRASTRUCTURES...

DRAFT 1

‘Finance’ amongst architects has become a controversial topic; a conversation which is less encouraged. With many architectural practices enthralled by the dynamics of capitalism and a limited number of clients able to afford their services one wonders what society/population are we being of service to? Architecture is expensive, with a fee structure that is outdated like some of the methods in which is being practiced. A pursuit after critical acculaude which treasures novelty amongst a small closed band of practitioners is becoming a thing of the past.

In this project I’ll be exploring the relationship between finance and architecture. How can architecture rise as a system of interdependency between the existing financial structures and community aspirations to enrich places and spaces for human delight?

According to the Economist editor using data compiled by Eurostat on the household expenditure; a country’s spending could be a reflection of its national stereotypes: Russians splash 8% of their money on booze and cigarettes—far more than most rich countries—while fun-loving Australians spend a tenth of theirs on recreation, and bookish South Koreans splurge more than most on education. Some of the differences are accounted for by economics. Richer places like America and Australia, where household expenditure is around $30,000 per person, will tend to spend a smaller share of their costs on food than Mexico and Russia, where average spending is around $6,000. And politics plays a part too. Predominantly private health care in America eats up over a fifth of each household’s budget, whereas the European Union, where public health care is common, only spends 4% on it. In Russia, government-subsidised housing and heating make living cheaper, and this means money is left over for the finer things in life.

Average Salaries (a year): London £30000.00 New York $ 63000.00 Hong Kong HK$ 382,000.00 Singapore S$72000.00 Tokyo ¥ 3,96000.00 Seoul ₩ 3,417000.00 Zurich CHF95000.00 Toronto C$ 53000.00

The Wharf_ Richard Beecham_ 06 August 2015

BBC_ 28 January 2015

Londonist_ Beth Parnell Hopkins_ 27 July 2015

The Economist_ 21 February 2015

Crisis of confidence over Isle of Dogs’ One Housing Group Council suspends preferred partnership status and social housing group prepares to replace its 2,000 homes with 8,000, selling to high earning Wharfers Housing Group Censured For Breaking Promises In the latest of London’s troubled regeneration schemes, Tower Hamlets Labour Group has called for the immediate suspension of one of the borough’s preferred housing association partners, One Housing Group.

The Guardian_ Gaby Hinsliff_ 25 September 2015

The new right to buy is solving 1979’s problems at today’s expense. This Thatcherite policy revival fails to recognise that the main cause of the housing crisis is affordability

Canary Wharf: Qatar bid wins battle: A Qatari-led bid has won the battle to take over London’s Canary Wharf complex after three of its major shareholders agreed to accept the £2.6bn offer.

Building on the boundaries: There is a pattern to London’s big developments...

The Economist_ 15 February 2014

The ascent of the city: The capital’s skyline is a growing mess. Let Boris sort it out

The Guardian_ Julia Kollewe_ 28 January 2015

Canary Wharf to be bought by Qatar Investment Authority: QIA, along with Canadian group, likely to have bid worth £2.6bn accepted for LonZoopla boss warns of poor housing supply as property website unveils record don Docklands complex The Telegraph_ Eleanor Steafel_ 02 December 2015

revenue and profits. Property website announces record year despite taking hit from arrival of OnTheMarket

The Independent_ Damian Clarkson_ 7 August 2015

Northern Powerhouse has ‘long way to go’ before people benefit. A key test of its success ‘must be how it translates into higher living standards’

Financial Times_ Conor Sullivan_ 22 October 2015

London eyes eastern promise of 200,000 homes Reuters_ Thomas Atkins; ed Mark Potter_18 June 2015 Deutsche Bank to move 4,000 workers to Canary Wharf

City

Price to Income Ration

Gross Rental Gross Rental yield City Cen- Yield Outside tre of Centre

Price To Rent Ratio City Centre

Price To Rent Mortgage As A Affordability Ratio Outside Percentage Of Index Of City Centre Income

London

30.53

2.54

2.69

39.29

37.16

218.10

0.46

New York

25.05

3.19

4.12

31.36

24.26

182.03

0.55

Hong Kong

45.40

1.55

2.37

64.58

42.23

299.68

0.33

Singapore

23.87

2.67

3.18

37.38

31.43

147.86

0.68

Tokyo

22.99

2.31

2.35

43.30

42.47

138.47

0.72

Seoul

16.81

1.88

3.08

53.08

26.30

126.92

0.79

Zurich

10.08

2.57

3.34

38.84

29.93

60.50

1.65

Toronto

11.23

4.24

3.36

23.61

29.81

75.59

1.32

Primary Energy Consumption in MWh per capita Source: UN website

Population Growth Per Hour Source: The Economist website

Population in millions

Source: UN website_Department of Economics and Social Affairs: Population Division

Country Market Size (2015) Source: Bloomberg Website

World GDP* Growth 2015 Norway

Sweden Finland

NORTH AMERICA 3.2 %

Canada 1,156

WESTERN EUROPE 1.4 %

Denmark Poland

Netherlands

Germany 1,194

United States 19,731

France 1,313

Russia

EASTERN EUROPE 2.1%

Japan 3,006

Switzerland 1,275

South Korea ASIA China 889 (excl.Japan, Australia and New Zealand) Italy Turkey Spain 6.0% MIDDLE EAST/NORTH AFRICA Taiwan Hong Kong India 4.1%

JAPAN 1.6%

Thailand Malaysia

Phillipines

Singapore

AUSTRALIA 2.7%

SUB-SAHARAN AFRICA 4.5% Australia South Africa

Country Market Size 2015

Among the many factors which have contributed to the change in character of the Island, one of the more recent contributor to the appearance of the on the Ise of is by ‘One Housing Group’ and more recently in the news the ongoing controversial ‘Project Stone’. Though the development have enhanced the character of the place, one wonders what are they catering for and who is being privileged...

The above map is a speculative study of current housing, business and urban regeneration proposals on the Isle of Dogs, this is juxtaposed by the map developed by the dissolved LDDC

Compares the return on labour to the return on capital. Essentially, once the economy reaches a moment that the return on capital is larger than the return on labour, there is no hope at all. By working you can only get poor, no matter how hard you work... there is no way of ever making up to the discrepencies, the inequalities that preval in society, the clock and the major will always be ticking hard with those who have the money than with those who are trying to obtain it.

Growth rate of top global wealth, 1987-2013 Average real growth rate per year (after deduction of inflation)

3.3%

World GDP

1.9%

World adult population

1.4%

Average world income per adult

2.1% 6.5% 6.8%

Globalization

Unprecedented rise of managerial compensations

Average wealth per adult Top 1(20 million) highest wealth holders Top 1(100 million) wealth holders

A race between technlogy and education

Changing Supply and Demand

Unequal access to skills and education

The Structure of Wealth Inequality_Britain 1810-2010 London County Council: Largest Architectural Firm The Great Era of Town Halls Social Mission of Architecture Urban Utopias

100% 90% Top 10% Wealth Share

80%

Top 10% Wealth Share

70% 60%

Top 1% Wealth Share

50% 40%

Top 1% Wealth Share

30% 20% 10% 0%

1830

1810

1850

1860

1870

1910

1930

1950

1990

1970

2010

6% Pure rate of return on capital (after tax and capital losses)

5%

Pure rate of return on capital (after tax and capital losses)

4%

3%

2% Growth Rate of world output

1% Growth Rate of world output 0%

0-1

00

0

100

0-1

500

150

0-1

700

170

0-1

820

182

0-1

913

191

3-1

950

195

0-2

012

201

2-2

050

House Prices

Social Inequality

Public Construction

Private Construction Debt Wages

205

0-2

100

Books & Urban Utopias 1915-1970 could be seen as reflecting on the nature of the city.

Where the city is being idealised as a tool for the emancipation of people. These were some of the following books which we released during that period: Pruitt Igoe Delirious New York Dark age ahead-Jane Jacobs Learning from Las VegasCollage City The period of 1914-1989 was a time where architecture was driven by somekind of ‘Social Mission’ where in the UK the was a great deal of emphasis on social housing and a great deal of public construction; it was during this period that the London Country Council was the biggest architectural office.

Buildings are a means to an end, a speculative investment, we used to make buildings, we currently contribute to real estate wehther we like it or not, thus the very same building are prime drivers where capital play devidence. Theferefore the nature of the profession is enthralled by the dynamics of capitalism and driving a rise of specialisation instead of training minds to become a profession which synthesise various forces operating in society in production of something value.

Architectucture The ‘Community’ of Isle of Dogs Community is a word frequently used in architecture however it is the least understood. Is community about promoting the agenda of a particular group i.e be race, religious, social, political, economic? Community has served as a way of legitimising several groups and movements; such as Team 10, Pendecht, New Urbanism, Larry Beasley e.t.c At a point in history community was clearly defined as a progression from the neighbourhood-the city/village-to the nation. Since globalisation everything took a different turn; extreme population increase in some cities, economy og a corporation equivalent to a small nation. Today communities are more than just a clearly defined territory, but rather an economic interdependence “...the appropriateness of any solution may lie in the field of architectural invention rather than social anthropology...”

Vancouverism. ”... an entrepreneurial and exportable model for building a city...”

2 October 2015

Perspective Location

Start 14:20_ 0.0mile

Greenwich Foot Tunnel(Island Gardens) Corner Shop: Coffee+Cake+Conversation

The Car Mechanics: Repurposed Viaduct Abandoned Victorian Toilets Stop Over @ friend's house (gated community) Empty Site_ PA/07/03174 Estate Agent_ Discussion Local Resident 1 Young professional_Dog Walking Launching Ramp_Great Eastern Ship River Walk

Location 2: 51.493889, -0.026537 52-70dB 17° C

Accessing Private Land leading to West Ferry Road The Space(Performing arts and community centre) Docklands Sailing and Watersports Centre Telegraph & Express Print Works Telegraph & Express Print Works_ to be demolished_ PA/15/02216 Obsolete cranes forming part of landscape furniture

Location 3: 51.495541, -0.014028 64-81dB 16.50° C

Pepper Street_ Glengall Bridge Oakland Quay Amenities_ Crossharbour DLR Station Tailors & Dry Cleaning The George Public House

Greenwich Foot Tunnel(Island Gardens) London E14, UK 51.486645, -0.009191

Health Centre

Location 1: 51.487381, -0.019736 54-72dB 17.5° C

ASDA Supermarket Mudchute Park Finish @ Crossharbour DLR 2.5miles

Mudchute Farm

Local planning map and existing infrastructure. According to the proposals made to the council, it’s evident that the majority of forthcoming developments will be focused on increasing the business district further and also for creating more houses.

Property Value Indicator Proposed Open Public Space Key Existing Open Public Space Safeguard Wharf

H

Neighbourhood Centre

H H

H H

H

P

P

Primary School

S

Secondary School

ID001

Development Site Thames Path Walk

H P

Proposed Health Centre

Educational Centre

L P

Health Centre

Jubilee Underground Line

P

Bus Routes DLR Bicycle Routes

P

Cross Rail

H

P

P

Housing Industrial Site Employment Areas

S

Parks Proposed Development Sites

Population Age Groups 4%_ 65+yrs

Average Price of Property

16.2%_ 0-15yrs 427k

Average Age of Resident

Average Reported Crime 355

34

79.8% 16-64yrs

Resident Health Access to Green Spaces

Local Amenities

Population Ethnicity 22.6%_ All Other

33.5%_ White British

Average Price of Property

5.6%_ Black

369k

Average Age of Resident

Average Reported Crime

376

19%_ White Other 14.6%_ Asian

34

4.6%_ Mixed

Access to Green Spaces

Resident Health

Population Labor Market Paticipation Local Amenities

2.9%_ Other

5.4%_ Looking after home

2.7%_ Long Term Sick

3.5%_ Retired

Average Price of Property

11.3%_ Students

68.7%_ Employed

5.4%_ Unemployment

Av er

ag

eA

ge

of

223k

Re sid

en

t

ge

32

Population Housing Tenure 29.8%_ Owner Occupier

1.5%_ Living Rent Free

s to

ces

Ac

45.7%_ Private Rented

Old Bellgate Place E14 ROI(5years) 42.63% PCM: £2250

ces

Re sid

en

Local Amenities

Crossharbour_ Baltimore Wharf E14 ROI(5years) 42.63% PCM: £2350

rted

o Rep

pa

nS

ee Gr

281

ra Ave

tH

23%_ Socially Rented

Property Type(E14)

Detached House Semi-detached House Terraced Flats

Avg Price_Sqr Feet £643 £614 £643 £769

Mixed Housing(Gated & Private Homes) Gated Homes Mixed Housing(Council Owned & Private Homes)

Burrells Wharf Square E14 ROI(5years) 42.63% PCM: £2275

Council Owned Homes Private Homes

ea

lth

e

Crim

ONE HOUSING GROUP

The Wharf_ Richard Beecham_ 06 August 2015

Crisis of confidence over Isle of Dogs’ One Housing Group

Council suspends preferred partnership status and social housing group prepares to replace its 2,000 homes with 8,000, selling to high earning Wharfers

Londonist_

Beth Parnell Hopkins_ 27 July 2015

Housing Group Censured For Breaking Promises

In the latest of London's troubled regeneration schemes, Tower Hamlets Labour Group has called for the immediate suspension of one of the borough's preferred housing association partners, One Housing Group (OHG).

The Guardian_ Gaby Hinsliff_ 25 September 2015

The new right to buy is solving 1979’s problems at today’s expense

This Thatcherite policy revival fails to recognise that the main cause of the housing crisis is affordability

The Telegraph_

Eleanor Steafel_ 02 December 2015

Zoopla boss warns of poor housing supply as property website unveils record revenue and profits Property website announces record year despite taking hit from arrival of OnTheMarket

The Independent_ Damian Clarkson_ 7 August 2015

Northern Powerhouse has 'long way to go' before people benefit A key test of its success 'must be how it translates into higher living standards'

Glengall Grove, London E14 £2500 = 1m

£2500 = 1m

Area Statistics: 2015 Sales: 1166 Average Price Paid: £460k Value change: £42k_ 8.79% Current Average Value: £522, 843

Average Home Values E14 Average

UK Average

£500k

£400k

£300k

£200k

2012

2013

2014

2015

2016

3M 39

eho

9mph

62

Diox

h

58

Bl a

Rea c

g en

use

Nitro vels-O

10mph

zone

44

ll R eac

te Le

ckw a

odera ideM

12mph ph

(PM10

h

)

57

+5m

4M

0m

14mph

12mph

Ozone

(PM10)

48

Levels-

6M

58

10mph

m

-30

DioxideM

oderate

10mph

47

Nitrogen

10mph

10m

Lim

7M

12mph

9mph

App

9mph

12mph

rox Gro

15mph

ph

Lev

m

13

und

48

el

48

13mph

33

Millwall Park 06 July-Present Nitrogen Dioxide-Ozone (PM10)

2.1m

54

3M 10mph

5M

54 46

12 68 57 41

4M Latitude: 51.4876906 Longitude: -0.021425 Date: 13/10/2015 Time: 18:48 Azimuth: 265.41째 Elevation: -6.39째

Greenwich Reach 67

Environment

Burrell Wharf 51.4876906°N 0.021425°W Decibels: 65-72dB 04 October 2015_18:15

Air Impurities levels

Millwall Park 06 July 2015-Present Nitrogen Dioxide-Ozone (PM10)

10mph

Wind Speeds 5 Oct-6Oct 2015

Sun Trajectory 07:44-5.7m Thu 1st Oct

Fri 2nd Oct

Sat 3rd Oct

Sun 4th Oct

Mon 5th Oct

Tue 6th Oct

Wed 7th Oct

Historical Fluvial Outline

Geology Section Location 51.495033”N -0.014410”W Made Ground- Granular

Alluvium Deposits

River Terrace Gravel

5m Approx-Ground Level 0

Lambeth Group Beds-Granular Thanet Sand

-5m

Chalk

Surface Temperature

Depth

-15m

5m 10m -25m

15m 20m

Feb

May

Nov

Aug

DLR_T o Le Appro wisham x: 10m in

DLR_T oC Appro .London x: 15m in

E

5sec

d

oa

yR

err

F ast

0:00

5sec

Location: 51.495541, -0.014028

Various types of pavement hich can be seen as defining a neighbourhood spatial quality