MET POLICE ESTABLISH PERMANENT BASE INSIDE no.1 COMMERCIAL STREET

The Met have been monitoring CCTV from inside TOFF TOWERS AT EVERY DEMO – that’s how I got nicked for smashing a vase. Two Poor Door residents and two coppers told people last night that the Met now have a permanent base on the ground floor adjoining the rich lounge and concierge desk. SO FUCKING REDROW DONT EVEN PAY FOR THEIFR OWN SECURITY.

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18 responses to “MET POLICE ESTABLISH PERMANENT BASE INSIDE no.1 COMMERCIAL STREET

  1. Kes

    Wonder if the police pay any attention when the residents are snorting coke and banging trafficed eastern european sex workers.

    • b

      Not just sex workers – what about the cleaners, servants etc. who service the rich flats there? Does each bourgeois organise that individually, or is at least some of it done by management? I’m not sure what bracket the rich there are in. Doesn’t sound as though they are super super rich by London standards. It’s not exactly Kensington Palace Gardens or Eaton Square. Some or most of the cleaners and servants must appreciate the anti poor doors campaign quite a bit… What scope for a bit o’ sabbo?

  2. Dora Kaplan

    From the protection of illegal rural hunts, to the enforcement of social apartheid in the metropolitan homes of the rich, the police prove yet again that they are simply private goons for the wealthy and well connected.
    Is anybody still wondering how Savile and others were able to openly abuse children for so long? The police have a simple response to crime when it’s committed by the rich and powerful: abject, grovelling support for the offender, and violent hostility towards the victim.

    • PJM

      Moral cowardice and venal opportunism explains it too.

    • Uncle Sam

      The police protect power — whoever’s, wherever. That’s what they are set up for. Wealth is part of that power and they can be very mercenary, as the disgraced Met top brass showed recently. In India someone can have a knife to your throat but they won’t come to your aid if they think you can’t pay for the “service”. You aren’t one of those it’s their job to protect.

      When the very first Allied troops got to German-occupied Paris in August 1944, a copper came up to ask what nationality they were, as their vehicles flew a large French flag but he couldn’t understand their speech. “Spanish” came the reply. They were mostly Spanish anarchists. “What nationality are you?” they in turn asked the cop, a Frenchman who had in fact stayed at his post under the German occupiers and now was contemplating a further change of regime. “Me, I’m a policeman,” came the reply…

  3. John

    Anyone taking part in this ridiculous protest is pathetic. There are plenty worse things happening in the world than separate entrances for people that get to live in heavily discounted flats that they would otherwise not be able to afford. You should be thankin Redrow and the people who pay full price for flats.

    • John: It’s symbolic of the gentrification of the East End, which is socially cleansing the poor. I’ve spoken to many local people in housing need who have been put into hostels and been told they will be shifted outside London. Segregating people on the basis of income – even with separate bin and parking facilities – is a form of social apartheid that is not welcome here and not welcome in New York, where it is also an emerging trend. There are indeed big issues in the world, but why should that preclude people from protesting about local issues?

    • IAN CAMERON

      I suspected that the “John” was a karsey and it seems I’m proved right.

    • b

      Who built the flats? Who cleans them? How do the rich get rich other than by robbing the lower orders? There are always worse things happening. Nobody should thank the fucking rich for anything!

  4. Landless Peasant

    And all at the Taxpayers’ expense too, bloomin’ cheek! I don’t pay my Taxes so that Policemen can sit on their arses inside Toff residences, what’s the world coming to? It’s Police State GONE MAD!

    • b

      Don’t all jump on me, but how does anyone know Redrow aren’t paying for the policing? Football clubs pay at least a part of the cost of policing football games.

      I wonder whether Redrow’s insurance is covering any of the cost. I bet they and similar companies have already started insuring against this kind of trouble – unforeseen events that require increased security spending and risk negatively impacting rent levels and therefore portfolio values. Commercial property prices are all about rental income, which is all about ‘location location location’ as well as zoning for backanders. They can be very sensitive to what areas become known for. In short, you’re doing a fucking good job and should be proud of yourselves.

      Are any of the rich flats currently on the market? Might be worth taking a look at home.co.uk, Zoopla and Rightmove, as well as housepricecrash.co.uk, to find out more on this score. Might do it myself if I find the time. The last-mentioned site has a lot of info on 20% has been cut off of this asking price, this property has stuck on the market for ages, that kind of thing. (The Irish equivalent is called propertypin – geddit?)

      • The apartments are on the market for £2.95mn to £4.35mn: https://www.redrow.co.uk/london/en/developments/one-commercial-street/apartments

        Redrow also states that: “If you earn less than £64,300 a year you may be eligible for intermediate rent which is 20% lower than market rental rates.” http://www.onehousinggroup.co.uk/renting-and-buying/rent-home
        Not very generous, given the high threshold for earnings and the high market rates. The “poor” going through the “poor door” are not even poor. They can afford the social housing rents of £1,600-3,000 per month, which I believe is the amount being charged for the social housing. Some of the flats have been reserved for housing “key workers” such as policemen. At those rates, it would be more managerial staff than your hospital auxiliary workers or refuse collectors – the people who do the actual work.

        The gentrification of the East End ensures that the middle-class are the new “deserving” poor who get the benefits and the native poor are being entirely socially cleansed from the area. The area is being promoted on the basis of the character that successive generations of immigrants, insurgents and dispossessed created, but with them entirely absent from the East End’s demography. It’s a war on the East End. Soon it won’t be the East End, it will be swanky and designer and exclusive.

  5. Harry

    Far from being ridiculous or pathetic, these demonstrations are picking up on an issue that is indicative of the deepening and sickening inequality within our society. Quite frankly it is amazing that they are not larger by drawing support from tenant and community groups.

  6. b

    @ Daniel

    So Redrow are still trying to flog four of the penthouses!! That must be a big proportion. Sounds to me as though they may be in serious trouble. Normally they’d have sold these units off-plan, before they were finished, to rich cunts who ordered bespoke kitchens and fittings.

    And the sale prices of penthouses are a big factor in the value of the other flats and the whole investment. I wonder how the prices of those penthouses have changed and how long the penthouses have stuck on the market. Oh dear!

    I’d also be interested to know whether any of the flats have been put on the market by people who already bought them from Redrow, and if any have, then how the prices have been moving.

    If the lowest ‘social’ rents there are £1600 per month, point taken that people who can afford to pay that sort of money aren’t poor. Are you sure that’s the smallest amount any tenant is paying?

    “Keyworkers” is a revolting term, but it covers working class people such as nurses and firefighters as well as cops ‘n’ schoolteachers ‘n’ screws ‘n’ social workers.

    • “Intermediate rents”, the price at which social housing is charged, are 80% of the market rate. The market rate for a studio flat in Aldgate is estimated by Zoopla at £1,761, so the intermediate rent would be £1,408. As Shelter advises that affordable cannot be considered as anything over 30% of income, you’d have to earn around £56,000 per annum to afford to rent it. This is well above the incomes typically earned in the Spitalfields and Banglatown ward.

      Redrow went about One Commercial Street with the attitude that they would distort the market and force prices to rise by offering so much high price rent on the local market. Construction had been mothballed after the 2008 property crash and the original developers had paid too high a price. Redrow took it on and needed cash to restart construction. The “affordable housing” units were sold to a housing association at an average of £280,000 per unit, off-plan in early 2012 in order to get enough cash to begin building and take advantage of the recovery in the property market. In order to make a profit, they have to sell penthouse suites at stupid rates to gullible Asian billionaires. The trouble for them is that there are better and cheaper places to live in London even for the rich. Even in Aldgate you can get a penthouse suite in other developments for less than they are charging.

      They are trying to sell One Commercial Street like luxury living in the Middle East, but Aldgate is not Dubai Marina. They will eventually recoup their money, especially when Crossrail is complete in 2018, but they could struggle to make the 20% profit margin they hoped for. There must be a lot of financiers to pay off! Maybe some of these luxury flats will be “donated” to faceless plutocrats in exchange for a bit of money. They will never go bankrupt, though. It doesn’t work like that. Redrow is too big to fail, but we – the ordinary people – are screwed over every day.

      • Essentially, the public housing element of the project – which provided a cash boost of around £20mn to Redrow, covering the majority of cost of the land – was a subsidy for the luxury part. So a housing association has helped gentrify the East End by paying this developer.

      • Someone could say that “Well, Redrow would have realised more money by selling at market rates.” This supposes that it could have sold 70 units for £1mn+ each off-plan at a time when the property market – particularly this end of the market which is over-supplied globally – was in the doldrums. And if they had sold at a discounted rate, this could have dragged down the valuation of the high value element of the development. So, they recouped 14% of the £140mn cost of the development in one fell swoop in a deal with the housing association. You’ve got to laugh at their audacity!

  7. b

    Unfortunately I haven’t got the time to do a proper job and root around at Rightmove, Zoopla and Home.co.uk for an hour or so. Here‘s a flat at 1 Commercial Street offered at £485000 on 7 Aug 2014, down to £475000 on 26 Aug, down to £470000 on 19 Sep 2014 and still on the market now, 3 months after it came on. This one is probably a ‘poor’ flat rather than a rich one. Half a million won’t buy you much in London. Here‘s a rich one: on the market since Feb 2014, came on at just under £3.4 million, price went up to £4.25 in October. Funny thing to do if you can’t sell something – put the price up 25%. Here‘s another strange price history. They don’t seem to be going like hot cakes.

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