Global Logistic Properties expands Japanese JV to US$2.2b






SINGAPORE : Global Logistic Properties (GLP) announced on Monday the expansion of GLP Japan Development Venture to US$2.2 billion.

It will commit an additional 29 billion yen (US$312.3 million) to the joint venture to develop modern logistics properties in Japan.

GLP has a 50 percent stake in the JV with Canada Pension Plan Investment Board.

Singapore-listed GLP is one of the world's leading providers of modern logistics facilities, with a market-leading position in China, Japan and Brazil.

"Our investment pipeline is considerably ahead of schedule and we are seeing strong demand for our developments, reflecting attractive fundamentals for modern logistics facilities in Japan," the group's co-founder, Jeffrey Schwartz, said.

"Today's announcement is also an important milestone in the continued growth of GLP's best-in-class fund management platform, as we continue to leverage our strong relationships with the world's leading institutional investors. Assets under fund management now stand at US$8.4 billion," he added.

GLP Japan Development Venture was formed in August 2011 with an equity commitment of US$500 million and a target loan-to-value of 50 percent.

To-date, the Venture has invested in four development projects totalling 43 billion yen (US$469 million).

- CNA/ch



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How Oreo created the tweet that won the Super Bowl



This ad, included in a tweet from Oreo, won the Super Bowl Sunday night.



(Credit:
Oreo)



Anyone watching the Super Bowl this evening saw a great game -- and one of the greatest embarrassments in pro sports history: a power outage that halted play for a full half hour.


As the eventual champion Baltimore Ravens and the San Francisco 49ers -- and tens of thousands inside New Orleans' Superdome and millions watching on TV -- waited, Oreo came up with an idea so brilliant and bold that it out and out won the night.


"Power out? No problem," the tweet read, along with a hastily-put together image of an ad showing an Oreo and the brilliant tag line, "You can still dunk in the dark."


The tweet caught fire, and as of this writing had been retweeted 13,734 times.


So how did the cookie company act so fast, and get so many talking -- all with minimal time available, and negligible expense?


While CNET reached out to Oreo in search of the answer, it was Buzzfeed that got the scoop. Apparently, it was the very quick thinking of the company's agency, 360i:


"We had a mission control set up at our office with the brand and 360i, and when the blackout happened, the team looked at it as an opportunity," agency president Sarah Hofstetter told BuzzFeed. "Because the brand team was there, it was easy to get approvals and get it up in minutes."


Oreo had already aired a solid TV ad with their "Cookie or Creme" spot. But they were ready to capitalize on social media as well when the lights went out.


"The big question is, what happens when everything changes, when you go off script?," Hofstetter said. "That was where it got fun."


The key? Having OREO executives in the room, and ready to pull the trigger.



Other brands, of course, took to Twitter -- and Twitter's video service, Vine -- during the blackout.


Some examples:


Calvin Klein used Vine to tempt some fans with a buff male model working out:



And Tide tried to convince people it could help them with their laundry:



All told, the Super Bowl was yet another big win for Twitter. According to the official Twitter blog, there were more than 24.1 million tweets about the game, the ads, and the halftime show. But no matter how good the game itself was, the peak of interest on Twitter came during the blackout, when there were 231,500 tweets per minute, and during Beyonce's halftime show, when 268,000 tweets per minute marked the end of her show.


As for actual football? The top moment was the kickoff for a touchdown by the Ravens' Jacoby Jones, which compelled 185,000 tweets per minute, a tad more than the 183,000 tweets per minute that came when the Ravens sealed the deal.


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Tour bus crash kills at least 8 in California

Updated 4:15 a.m.

YUCAIPA, Calif. A tour bus collided with a car and pickup truck, killing at least eight people and injuring dozens of others Sunday night on a Southern California mountain highway, authorities said.

California Highway Patrol spokesman Mario Lopez confirmed the deaths and said 38 people were taken to hospitals with injuries.

He also said the bus driver reported having brake problems as it headed down the mountain on two-lane State Route 38, rear-ending a sedan then flipping over and hitting a pickup truck that was pulling a trailer.

The bus was carrying a tour group from Tijuana, Mexico, and a representative from the Mexican consulate was at the grim crash scene, California Department of Transportation spokeswoman Michelle Profant said.

"It's really a mess up there with body parts," Profant said.

Rescuers were still searching the wreckage for victims hours later. At least two passengers were said to be trapped, reports CBS Los Angeles station KCBS-TV.

Television footage showed the bus sitting upright but turned sideways on the road.

At least seven ambulances were called to the scene, and patients were taken to several hospitals.

Arrowhead Regional Medical Center said four women had been admitted from the crash and their conditions were still being determined. Redland Community Hospital said it received one person in critical condition and one with minor injuries, while two more were en route with minor injuries. Community Hospital of San Bernardino said it had received one patient with undetermined injuries, while St. Bernadine Medical Center said it had two patients, whose injuries were being assessed.

The purpose of the tour was not immediately clear, but Highway 38 leads to Big Bear, a popular area that's home to a ski resort and other recreational locations.

Lettering on the bus indicated that it was operated by Scapadas Magicas LLC, a company based in National City, Calif. Federal transportation records show that the company is licensed to carry passenger for interstate travel and that it had no crashes in the past two years.

A call to the company was not immediately returned.

The California crash comes less than a day after a bus carrying 42 high school students and their chaperones slammed into an overpass in Boston. Massachusetts state police said 35 people were injured and that the driver had directed the bus onto a road with a height limit.

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Ravens Defeat 49ers in Historic, Unusual Super Bowl













The Baltimore Ravens emerged Super Bowl champions after one of the strangest and most incredible Super Bowl games in recent memory.


It's the second championship for the Ravens, who pulled out a 34-31 win over the San Francisco 49ers at the Superdome in New Orleans.


The Super Bowl is the biggest spectacle in American sports, and each year becomes the most watched television event in history. This year, Jennifer Hudson kicked things off with a touching performance of "America the Beautiful" with a choir of students from Sandy Hook Elementary School.


Alicia Keys accompanied herself on the piano for a long, jazzy rendition of the national anthem, before the coin toss which resulted in San Francisco receiving to start the first half.


Although the game looked at one point like it was going to be a completely unexpected blow-out, with the Ravens leading 28-6 at the beginning of the 3rd quarter, the 49ers got some unusual help that turned the showdown into a much more exciting battle.


About a third of the way into the 3rd quarter, right after a record-tying Ravens rushing touchdown, the power went out at the Superdome, knocking the lights and air conditioning out in the indoor stadium. The crowd of more than 71,000 strong, along with a lot of antsy players, coaches, and staff waited for 34 minutes for the power to fully come back on and the game to resume.






Chris Graythen/Getty Images











Super Bowl 2013: Beyonce Rocks the Halftime Show Watch Video









Super Bowl 2013: Alicia Keys Sings 'The Star-Spangled Banner' Watch Video









Super Bowl 2013: Jennifer Hudson, Sandy Hook Students Perform Watch Video





In a statement, the NFL said authorities were "investigating the cause of the power outage," and law enforcement sources told ABC News it was just an issue with the building.


That didn't stop many people on Twitter from jokingly blaming Beyonce, the energetic halftime performer who surprisingly reunited shortly with her former band Destiny's Child, for shutting down the power. After her performance, even her husband Jay-Z got in on it, tweeting "Lights out!!! Any questions??"


VIDEO: Super Bowl 2013: Beyonce Rocks the Halftime Show


The 49ers quickly followed the long delay with a touchdown, getting themselves right back into the game. Then just a few minutes later, they found themselves in the end zone again, and it appeared the power outage had flipped the momentum towards the 49ers.


With a score of 31-29 with more than 7 minutes left in the game, San Francisco looked poised to make the biggest comeback in Super Bowl history, but the team, trying for its 6th title, wasn't able to overcome the Ravens lead.


Baltimore was able to run out the clock, and the game ended with a final score of 34-31. Purple and gold confetti fell as the Ravens rushed onto the field and celebrated -- with some colorful language from quarterback Joe Flacco audible on the live broadcast, who was caught saying, "f***ing awesome" on CBS' cameras.


The game was already historic thanks to the match-up for John and Jim Harbaugh, the first head coach brothers to ever face each other on football's biggest stage. It was also the final game for the future Hall of Fame linebacker Ray Lewis, who is, as of the conclusion of the game retired from football.


This is the fifth season in a row that the Ravens have made it to the playoffs, led by Coach John Harbaugh, and SB XLVII MVP Quarterback Joe Flacco. It's the team's first Lombardi trophy since 2000. Their victor tonight made them the only team left in the NFL to have never lost a Super Bowl in multiple appearances.






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Attackers kill 33 at police HQ in disputed Iraqi city


KIRKUK, Iraq (Reuters) - At least 33 people were killed in the Iraqi city of Kirkuk on Sunday when a suicide bomber detonated a truck packed with explosives outside a police headquarters and gunmen disguised as officers tried to storm the compound.


The blast was the third major attack in weeks in or near the multiethnic city of Arabs, Kurds and Turkmen, at the heart of a dispute between Iraq's central government and the autonomous Kurdistan region.


Police said the bomber triggered the huge blast near a side entrance to the police building, demolishing part of a government office nearby.


"A suicide bomber driving a vehicle packed with explosives hit the entrance of the headquarters and after the blast gunmen in explosive vests attacked with AK47s and grenades, but the guards killed them," a police official said.


Guards and emergency workers dragged bloodied survivors onto stretchers amid the wreckage of the blast, which left a large crater in the street.


Police said 33 were killed, including 12 employees at the government office. But a health official said only 16 bodies were at a hospital morgue and more than 90 were wounded.


The attack comes as insurgents linked to al Qaeda try to inflame sectarian conflict in Iraq, where a power-sharing government split among Shi'ite majority, Sunni and ethnic Kurds has been in crisis since the last U.S. troops left a year ago.


"TWO-FRONT" CRISIS


Shi'ite Prime Minister Nuri al-Maliki is facing mass protests from Sunni Muslims in western provinces calling for him to step down, complaining of marginalization since the fall of Saddam Hussein.


In the north, the premier is also caught in a tense standoff with the country's autonomous Kurdish enclave over control of oil wealth and land along the so-called "disputed territories" where both regions claim control.


Kirkuk, 170 km (100 miles) north of the capital, is at the heart of the dispute. Last year Baghdad and the Kurdistan regional government sent rival forces to towns close to the disputed territories.


Several armed groups are active in Kirkuk, and Sunni Islamist insurgents linked to al Qaeda often attack security forces in an attempt to undermine Maliki's government and stoke sectarian tensions.


Al Qaeda's local wing, Islamic State of Iraq, though weakened after years of war with American troops, has benefited from the inflow of Sunni Islamists and arms into Syria where Sunni rebels are fighting President Bashar al-Assad.


Suicide bomb attacks are the hallmark of the Iraqi al Qaeda wing, and the group claimed responsibility for a suicide bombing that killed a Sunni lawmaker last month in Falluja.


But Kirkuk has also been home to the Naqshbandi army or JRTN, one of several insurgent groups made up of former soldiers and members of Saddam's outlawed Baath party.


Iraqi Arabs, Kurdistan's government and Kirkuk's minority Turkmen all lay claim to the city, known to some as the "Jerusalem of the Kurds" - a reference to its historically disputed status.


Last month a suicide bomber disguised as a mourner killed at least 26 at a funeral at a Shi'ite mosque in the nearby city of Tuz Khurmato, and days earlier a suicide bomber driving a truck killed 25 in an attack on a political party office in Kirkuk.


The level of violence in Iraq is lower than at the height of sectarian slaughter in 2006-2007, when tens of thousands died. But more than 4,400 people were killed last year in attacks and bombings, the first increase in deaths in three years.


(Additional reporting by Omar Mohammed in Kirkuk and Ahmed Rasheed in Baghdad; Writing by Patrick Markey; Editing by Andrew Roche)



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Fiat boss eyes Chrysler merger in 2014






ROME: Fiat boss Sergio Marchionne said Sunday that he expected the merger of the Italian car giant and its US partner Chrysler will take place in 2014.

"We will succeed in doing it," he said in an interview with the editor of the Repubblica newspaper. "We and VEBA (the United Auto Workers pension fund -- a Chrysler shareholder) have different opinions on the value of Chrysler but we will resolve the problem in 2014."

Macchione, who heads both companies, had said on January 30 that the ties between the two automakers were "irreversible" and would merge "as soon as I can afford it" but did not put date on the merger.

Asked on Sunday if Fiat would keep its Turin headquarters Macchione said: "We are a big group present throughout the world, it will depend on access to financial markets and the choices of the Agnelli family" who founded Fiat.

He had "not thought" about the future name of the new entity, he said.

The deal will ultimately give Fiat a 65 per cent stake in Chrysler and full ownership by 2015.

Boosted by increased sales at Chrysler, the Italian giant on Wednesday reported a profitable 2012, announcing a fourth quarter net profit that rose to 388 million euros ($525 million) from 265 million euros the year before.

The company said it was aiming for profits of between 1.2 and 1.5 billion euros this year.

Fiat took a 20 per cent stake in Chrysler in 2009 as the third largest US automaker emerged from a government-financed restructuring under bankruptcy protection.

It has since steadily expanded its stake by purchasing shares owned by the US government and the VEBA fund.

- AFP/ck



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Town mourns for slain bus driver amid Ala. standoff

Updated 9:45 PM ET

MIDLAND CITY, Ala. As the police standoff with an Alabama man accused of holding a 5-year-old boy hostage continued Saturday, a nearby community prepared to bury the beloved bus driver who was shot to death trying to protect children on his bus when the episode began days earlier.

Charles Albert Poland Jr., 66, who was known around town as Chuck, was described by folks in his hometown of Newton as a humble hero. Hundreds of people attended a viewing service for Poland on Saturday evening. His funeral was set for Sunday afternoon.

"I believe that if he had to do it all over again tomorrow, he would," said Poland's sister-in-law, Lavern Skipper, earlier Saturday. "He would do it for those children."





Play Video


Ala. hostage standoff: New info on kidnapper




Authorities said Jim Lee Dykes boarded a stopped school bus filled with 21 children Tuesday afternoon and demanded two boys between 6 and 8 years old. When Poland tried to block his way, the gunman shot him several times and took one 5-year-old boy — who police say remains in an underground bunker with Dykes.

Dale County Sheriff Wally Olson said in a briefing with reporters Saturday that Dykes has told them he has blankets and an electric heater in the bunker on his property. Authorities have set up a command post at a church and have been communicating with Dykes through a ventilation pipe to the underground bunker.

Olson also said Dykes has allowed police to deliver coloring books, medication and toys for the boy.

"I want to thank him for taking care of our boy," Olson said. "That's very important."


The shooting and abduction took place in Midland City, a small town near Dothan, Ala., in the state's southeastern corner.

Newton is about three miles away, a small hamlet with fewer than 2,000 residents. It sits amid cotton farms and rolling hills sprinkled with red earth; most of the residents commute to Dothan or to a nearby Army post.

William Lisenby, a school bus driver who also taught Sunday School with Poland, was flanked by other area bus drivers as he arrived at Saturday night's viewing service for his friend at a local funeral home.

Lisenby spoke in Biblical terms when referring to Poland.


Bus driver Charles Albert Poland Jr. is seen in this undated picture released by the Dale County Board of Education.

Bus driver Charles Albert Poland Jr. is seen in this undated picture released by the Dale County Board of Education.


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AP Photo/Dale County Board of Education

"If you'll notice the similarities there, of what Chuck did was the same thing that Jesus Christ did. These children, even though they were not Chuck's, he laid down his life to defend those children. My hat's off to him for that."

"He was a bus driver just like we are," Lisenby said. "But for the grace of God that could have been us."

Others spoke of the loss of a good man, and their hope that the little boy being held captive is alive and well and will be released soon.

"The community is real concerned," said Fred McNab, mayor of Pinckard, Ala. "You can tell by the food that's been carried over there to the church. It's just devastating. We want it to come to a resolution. We want to save that little child."

Earlier Saturday, local residents remembered Poland as a friendly, giving person.

"He's probably the nicest guy you'll ever meet," said Lonnie Daniels, the 69-year-old owner of the NAPA Auto Parts store, one of three establishments in town that was open Saturday.

Daniels last saw his friend Tuesday morning, when Poland agreed to buy a car from him. The two men shook hands and closed the deal "like gentlemen," Daniels said. Poland was to return after working his bus route to pay for the car.

"He never came back," Daniels said quietly.




Play Video


Ala. hostage crisis: Behind-the-scenes of a negotiation




Daniels said Poland had been married to his wife for 43 years. Poland was from Idaho, but his wife was from Newton. The couple lived there for decades in a small mobile home, and Poland enjoyed gardening and clearing brush from his property.

"I knew that he was always there if I needed," said Daniels, adding that Poland was an excellent mechanic with an array of tools that he lent to people in town.

Neighbors and friends said Poland did various acts of kindness for people in town, from fixing someone's tractor to tilling the garden of a neighbor who had a heart attack.

"You don't owe me anything," Poland once told a recipient of his good deed. "You're my neighbor."

Skipper said Poland and his wife would often sit on their porch, drinking coffee, praying and reading the Bible.

"They loved to be together," Skipper said.

On Saturday morning, Poland's wife wasn't home. A rack of worn trucker's caps sat on hooks on the porch, and two freshly baked pies were laid atop a cooler.

The victim's son, Aaron Poland, told NBC News that he wasn't surprised by his father's act to protect the kids on the bus.

"He considered them his children," Poland said, choking back tears. "And I know that's the reason why my dad took those shots, for his children, just like he would do for me and my sister."


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Gun Violence 'Depletes Precious Natural Resource'












It took the mass shooting in Newtown, Connecticut, to prompt lawmakers to call for stricter gun legislation. But the reality is that in a city like Chicago, where 515 murders took place last year and more than 100 shooting incidents have occurred since January 1, gun violence is an ongoing issue and it has been for years. Only, these shootings have become so common that they don't make national headlines.


"We lost a classroom full of children in Connecticut which sparked national outrage that needs to be translated into action, but in Chicago, we sometimes lose a dozen or more young people every weekend," Rep. Luis Gutierrez (D-Illinois), who serves the Chicago area, said in a statement. "Too many bullets and too many guns are killing the next generation and we have got to make it stop."


Gutierrez, like many others, believe that any debate about gun violence shouldn't just take into account mass shootings that make headline news. It should also consider the chronic gun violence that takes place on a daily basis across the U.S.


In Chicago's case, many of the victims are young minorities growing up in poor, gang-ridden neighborhoods on the south and west side of the city.


Just earlier this week a 15-year-old girl who performed at President Barack Obama's recent inauguration was gunned down, The Washington Post reported.


The teen, Hadiya Pendleton, was hanging out in a park with about a dozen other young people when she was shot. Two other victims were reportedly wounded. By all accounts she was in the wrong place at the wrong time. Reports indicate that the gunman was not even aiming at her.


And Pendleton is just the latest example. Chicago police officer Ron Holt lost his son, Blair, to gun violence in the spring of 2007. The 16-year-old was shot and killed while riding a bus after school.


Holt now works with young people in the community, particularly minorities at an increased risk of engaging in dangerous behavior, to encourage them to focus on their education instead of turning to violence.


"I explain to them that if they continue to ascribe to this diabolical idea of resolving conflict with firearms they're depleting the most precious natural resource in the community, and that is them," Holt said.


What's clear is that the root of the gun problem is not just the guns. There are several factors that play a role, many of which are rarely discussed. For example, for minority youth living in urban communities characterized by poverty, violence, particularly gun violence, tends to be chronic. And the groups largely impacted tend to be African American and Hispanic.


A lot of that has to do with acculturation, according to Rahsmia Zatar, executive director of Strong Youth, a gang prevention and intervention organization. There is a sense that it's difficult to move beyond one's cultural sphere.


As a result, minorities often tend to gravitate toward other young minorities in similar situations, and turn to violence to gain a sense of control, however false it really is.






Charles Rex Arbogast/AP Photo







"It's easy to fall victim to feeling a sense of empowerment through violence," Zatar said. "They feel they have limited opportunities and they don't have a sense of 'I can achieve,' [or] that there is something here for me that's better."


According to the 2011 American Community Survey by the U.S. Census Bureau, more than 30 percent of Chicago's African-American population and nearly 27 percent of Hispanics live below the poverty line. Perhaps more importantly, blacks and whites remain largely segregated, with African-Americans making up the vast majority of neighborhoods in the south, and whites comprising most of the north. Latinos are somewhat more mixed, often living in "buffer" communities between blacks and whites, which could exacerbate the pressure to conform to two cultures, neither of which is entirely comfortable.


These various enclaves also suffer from a distinct gang problem. Chicago Police Commissioner Garry McCarthy told Reuters the city is plagued by the breakup of larger more established gangs into new factions that are fighting over everything from turf to money.


Then there's the city's illicit gun issue, which is bigger than New York's or Los Angeles' despite strict laws to limit weapons. Gun shops are actually outlawed in Chicago, as are assault weapons and high-capacity magazines. Handguns were even banned until 2010.


Still, in a place like Chicago it's handguns doing the most damage. According to statistics from the Bureau of Alcohol, Tobacco, Firearms and Explosives, most of the guns they recovered in Illinois were pistols, followed by revolvers and rifles. Machine guns come in a distant sixth.


Why so many guns? Gun laws in neighboring communities are not as strict, and firearms make their way into the city. According to a recent article by The New York Times, officials "seized 7,400 guns [in Chicago] in crimes or unpermitted uses last year (compared with 3,285 in New York City), and have confiscated 574 guns just since Jan. 1 — 124 of them last week alone."


And while Chicago residents are required to report the loss or theft of a handgun, that same law does not apply to all of Illinois, so a stolen firearm could easily make its way into Chicago without the owner ever reporting it missing.


The dynamics created in poor minority communities like those in Chicago combined with the sheer number of guns that make their way into such a city bear out in the overall statistics.


According to the Bureau of Justice's National Crime Victimization Survey, African Americans were disproportionately represented among homicide victims and offenders between 1980 and 2008. They were six times more likely than whites to be homicide victims and seven times more likely than whites to commit homicides.


Latinos don't fare much better. According to the National Council of La Raza, the nation's largest Hispanic advocacy organization, "Today in America, every three hours a young person is killed by firearm violence. Every 14 hours, that teen or child is Latino."


Young Latinos are especially likely to be impacted by gang violence in places like Chicago. Nationally, Hispanics are also more likely than non-Hispanics to be victims of violent crimes committed by gang members.


The impact of guns on the Latino community may explain why they're inclined to favor increased gun control. According to the Pew Research Center, while 57 percent of whites think it's more important to protect the rights of Americans to own guns than to protect gun ownership, only 29 percent of Latinos feel the same way.


Holt would certainly like to see something change. Several days after his son was killed, he received a voicemail. It was then-Senator Barack Obama. The young lawmaker had called Holt to express his condolences and to promise that if there was anything he could do in the future to help curb gun violence, he was prepared to do it. The two never spoke on the phone, but Holt remembers the message.




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Spain's Rajoy says corruption allegations are false


MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy strongly denied on Saturday allegations in the media that he and other leaders of his centre-right People's Party had for years received payments out of a secret slush fund.


"I need only two words: it's false," Rajoy said in a televised address after an extraordinary meeting of party leaders to discuss the allegations.


Rajoy welcomed a full investigation into the affair and said that the party would be fully transparent and that he would publish on the internet all of his tax declarations to clear up the scandal.


Last week El Pais newspaper published extracts from what it said were ledgers maintained by party treasurers to register cash contributions from business leaders that were then distributed to party leaders.


"It is not true that we (in this party) received cash that we hid from tax officials," Rajoy said in the brief speech. He did not take questions from the media.


Dozens of police in riot gear guarded PP headquarters in central Madrid on Saturday, cutting off neighboring streets. A small gathering of demonstrators shouted "resign" outside the building after several hundred people protested there on Thursday and Friday nights.


The growing scandal over alleged cash payments to People's Party leaders from a slush fund fed by construction industry executives has damaged Rajoy's credibility during a profound economic crisis in Spain.


Both right-leaning El Mundo newspaper and left-leaning El Pais have reported details of the scandal, citing sources within the PP and copies of the alleged secret accounts kept by party treasurers.


Rajoy, 57, has asked Spaniards for sacrifices as he slashes spending to trim a dangerously high public deficit that last year threatened to bankrupt the state and force him to seek a humiliating international bailout.


His popularity has plummeted during his 13 months in office as his austerity measures aggravate a deep recession and 26 percent unemployment.


The PP has an absolute majority in Parliament and so far the party has not shown signs of a split that would allow opponents to carry a vote of no confidence.


The PP has already said it will commission an external audit of its accounts.


The anti-corruption prosecutor's office said on Friday it is investigating the alleged payments. If the prosecutor finds evidence of a crime he will make a report to Spain's High Court, which will then decide whether it opens a judicial investigation, the first step to a possible criminal trial.


(Additional reporting by Iciar Reinlein and Rodrigo de Miguel; Writing by Fiona Ortiz)



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The Shard is pinnacle of London's redevelopment






LONDON: The Shard, which opened its doors to the public on Friday, is western Europe's highest skyscraper but also the pinnacle of the transformation of London's long-neglected south bank of the River Thames.

The vertiginous public viewing platform, which is expected to attract one million visitors a year, offers unrivalled vistas of the British capital and is the perfect place to survey the huge changes in the neighbourhood.

Towering 310 metres (1,017 feet) above the skyline, the Shard is an arrow of glass piercing the clouds and a symbol of wealth in an area that for centuries has been overshadowed by its affluent rivals in the west, centre and north of London.

The platform is the first part of Italian architect Renzo Piano's building to open, and over the coming months its vast new office space, five-star hotel, restaurants and luxury apartments will slowly come to life.

While the design has been controversial, the tower -- 95 percent financed by Qatar -- has also attracted criticism because of the sense that its 8,000 future inhabitants are unaffected by the global economic crisis.

The 30 pounds (US$47, 35-euro) ticket price for the viewing platform does nothing to dispel this image, but the people behind the Shard are unapologetic.

"The wonderful thing about London is, in many ways, it never stops," William Matthews, a project architect in Piano's team, told AFP. "In some ways, British trade, the idea of commerce, and business, is really in our bones."

Peter John, leader of the local Southwark council, said: "It has really been a story of regeneration and renaissance."

The area on the south side of London Bridge was relatively prosperous in Roman times, but for centuries afterwards it was viewed as a seedy district beyond the city walls where the law held thin.

Travellers passed through brothels, inns and gambling dens, and residents festered among "every repulsive lineament of poverty, every loathsome indication of filth, rot, and garbage", as Charles Dickens put it in his 1838 novel "Oliver Twist".

The demise of London's shipping trade from the 1960s to the 1980s accentuated the area's poverty and the average household income among Southwark's 290,000 inhabitants today remains one of the lowest in Britain.

Nonetheless, in the last 25 to 30 years, the change in the area has been staggering, according to council leader Peter John.

Wharf-side warehouses with names evoking the British empire and the goods sailing into London from around the world, such as East India Wharf or Tea Trade Wharf, have been transformed into swanky New York-style loft flats.

Millions of square metres of office space have been constructed in cathedrals of glass across the river from the Tower of London, including Norman Foster's City Hall and Terence Conran's Design Museum.

The once unremarkable Borough Market has been transformed into a foodies' heaven, while the Tate Modern, constructed within a vast former power station on the river in 2000, is now the most popular contemporary art gallery in the world.

"But the Shard takes it to new levels," said John. "It really symbolises where the opportunities are for jobs, and leisure, and new housing."

He said the influx of a population with plenty of purchasing power will boost the whole area, saying: "I think the positives outweigh the negatives."

Many locals are not so enthusiastic.

Reverend Charlie Moore, rector of St Mary Magdalene Church in nearby Bermondsey, said "a lot of people have been forced to leave" as the redevelopment, including several gastropubs and posh shops, have sent rents sky-high.

And the further south you go, the louder the objections.

The Heygate Estate, comprising huge concrete blocks of social housing, once housed 3,000 people but now stands empty and awaiting demolition as part of a major regeneration programme in the Elephant and Castle area.

A campaigner for the Heygate residents, teacher Jerry Flynn, complains that the plans include far less social housing than before.

"It will mean the people who cannot afford to live here, working-class families and low income families, will no longer be able to live here. It was a traumatic process," he told AFP.

"We would like a regeneration that spread the benefits a little more widely."

- AFP/ir



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