THONET

WEDNESDAY 22 OCTOBER 2014

SEARCH   
 
 
WAN Mobile
 
WAN Mobile
Previous Next
 
2012 Industry Outlook 
Monday 05 Sep 2011
 
 
 
Arup; ODA 2008 
 
Your comments on this project

No. of Comments: 0

Add comments | More comments

Be the first to comment
 

Editorial

Arup - Philip Dilley, Chairman 


Considering that we are just coming through one of the deepest recessions in living memory, the market has held up for Arup at a global level, but of course it is far softer in some locations than we would want it to be. Our buildings business is very buoyant in China and some other Asian economies, but inevitably less so across Europe.

We have completed quite a few high profile projects recently from the various impressive developments at King’s Cross in London to the International Finance Centre in Guangzhou in China. Building opportunities associated with transport infrastructure are still promising, but the question now is how well that holds up in the medium term given the economic uncertainty that persists, especially in the major economies of the West.

There are still quite a few quality projects coming through at the higher end of the market where we operate, but there’s no doubt that the economic situation has made some investors more risk averse. Equally, some of the cultural projects we’ve been doing such as the new Acropolis Museum in Greece obviously wouldn’t stand much chance of progress today in the current climate.

However, there is a great opportunity right now for sovereign funds, governments and major corporate and institutional investors sitting on large cash piles to take advantage of low interest rates and a very competitive construction market.

As you might expect, we forecast a slower, but steady, upturn in the more mature economies in North America and Western Europe. At the same time, we are looking forward to some welcome growth in the developing economies.

Key Facts

Status
Value 0(m€)
Add your name to this project
Arup
www.arup.com

More projects by this architect

Royal Academy of Engineering Major Project Award

Crystal Palace

Engineering of the 2012 Serpentine Pavilion

Ropemaker Place

Arup Sponsorship

The Showcase

Krankenhaus Nord Wien Hospital

Ropemaker Place

Timber Wave

BSkyB Harlequin 1

Pema Karpo Library and Assembly Courtyard

Citi Data Centre, Frankfurt

Kensington Oval Pavillion

Destiny Florida

Arup Appointment

Druk White Lotus School

Ropemaker

7 July Permanent Memorial

Sandwich Plate System floors

Fitzrovia 2 + 3 building

Dongtan Eco-City

Reactive buildings

 
Vola
ECOWAN
 

Click here to view the NEWS IN PICTURES tablet site