the southwark and vauxhall waterworks company was a utility company supplying water to parts of south london in england .

the company was formed by the merger of the southwark and vauxhall water companies in 1845 and became part of the publicly owned metropolitan water board in 1903 .

in 1845 , the southwark water company merged with the vauxhall water company to become the southwark and vauxhall water company .
between 1839 and 1842 there was a period of unfruitful competition between the vauxhall company and the southwark and lambeth companies . eventually in 1845 the southwark and the vauxhall companies were amalgamated to form the southwark and vauxhall water company .
the southwark and vauxhall water company was incorporated in 1845 and was formed by an amalgamation of two earlier undertakings , the southwark and the vauxhall companies .
to see the hampton site of the southwark and vauxhall company in 1894 , click here .
between 1839 and 1842 there was a period of unfruitful competition between the vauxhall company and the southwark and lambeth companies . eventually in 1845 the southwark and the vauxhall companies were amalgamated to form the southwark and vauxhall water company . the works at kennington were dismantled and conveyed to the phoenix gas company in 1847 .
between 1845 and 1847 the vauxhall company ' s works at vauxhall bridge were abolished and the united company’s works were concentrated at battersea .
click here to see more on the original london location of the southwark and vauxhall company from 1870 to present .
before consulting any legal papers for the southwark and vauxhall water company readers should see the notes on page 40 .
. later that same year , the borough waterworks company purchased the london bridge licence from the new river company , and it was renamed the southwark water company . the company extracted water from the
the south london waterworks company was established by private act of parliament in 1805 . the company extracted water from the thames beside vauxhall bridge .
the era of free water gave way to the era of commercial supply with the foundation of the new river company ( 1612 ) and the london bridge waterworks ( 1581 ) . chelsea waterworks company was founded in 1723 , and in 1746 laid the first iron water main ( pipes were previously made of wood or lead ) . the southwark water company was founded in 1760 , the lambeth water works company in 1785 , the vauxhall water company in 1805 , the west middlesex waterworks company in 1806 , the east london waterworks company in 1807 , the kent waterworks company in 1809 and the grand junction waterworks company in 1811 .
click here to learn more about the 1845 - 55 location of the southwark and vauxhall water company , its subsequent location and additional reservoirs .
gv ii gates , gate piers , quadrant walls and railings bounding the pumping station , c1888 , for the southwark and vauxhall water company .
southwark and vauxhall water company was formed in 1845 on the merger of the southwark water company and the vauxhall water company . the reservoirs covered nearly 18 acres of ground which now houses battersea power station . steam engines were used to pump water to a height of 175 ft to supply brixton .
although no longer owned by the southwark and vauxhall water company . instead the operation was taken over by the metropolitan water board in 1902 .
the borough waterworks company was formed in 1770 , originally supplying water to a brewery and the surrounding area , which spanned the distance between london and southwark bridges . the adjacent area was supplied by the london bridge waterworks company .
records of the south london waterworks company ( later the southwark and vauxhall water company ) including papers relating to shares ; minutes of director ' s meetings ; stock certificates ; papers relating to works and papers relating to a lawsuit .
the east london waterworks company was founded by act of parliament in 1806 , and also acquired existing waterworks at shadwell , lea bridge and west ham .
in 1872 the lambeth waterworks company moved upstream on the thames to molesey , followed by the chelsea waterworks company . they built the molesey reservoirs there in 1872 .
1876 thomas william rumble was chief engineer to the southwark and vauxhall water co when alfred james corry was articled to him .
1852 the southwark and vauxhall water company bill went through parliament [ 3 ] this allowed a change of the source of supply from battersea to hampton . the company arranged to supply putney
vauxhall history is an online research database of knowledge and images covering aspects of the history of the london parliamentary constituency of vauxhall .
the southwark and vauxhall water company acquired land at hampton in 1851 and in 1852 an act was obtained to sanction the construction of new works and to enlarge the authorised supply area .
the mortality in the houses supplied by the southwark and vauxhall company was therefore between eight and nine times as great as in the houses supplied by the lambeth company ; and it will be remarked that the customers of the lambeth company continued to enjoy an immunity from cholera greater than the rest of london which is not mixed up as they are with the houses supplied by the southwark and vauxhall company .
in 1833 the south london waterworks company was supplying 12 , 046 houses with approximately 12 , 000 gallons of water . [ 14 ] in 1834 , the company was renamed the vauxhall water company . [ 10 ]
in 1833 the south london waterworks company was supplying 12 , 046 houses with approximately 12 , 000 gallons of water . [ 13 ] in 1834 , the company was renamed the vauxhall water company . [ 9 ]
in 1841 the east london waterworks company was supplying 36 , 916 houses . [ 14 ]
in 1841 the east london waterworks company was supplying 36 , 916 houses . [ 13 ]
the vauxhall water company originated as the south london waterworks company which had been incorporated in 1805 taking its supply from the effra at vauxhall creek . this supply was becoming polluted and silted up in the 1820 ' s and in 1834 a new act was acquired altering the name of the company , increasing its area of supply and authorising new intakes .
the london bridge waterworks company was dissolved in 1822 , and its water supply licence was purchased by the new river company . later that same year , the borough waterworks company purchased the london bridge licence from the new river company , and it was renamed the southwark water company . the company extracted water from the river thames using steam engines to pump it to a cistern at the top of a sixty foot high tower . [ 9 ]
between 1839 and 1849 many changes took place in the water - supply of london . the southwark water company united with the south london water company , to form a new company under the name of the southwark and vauxhall company . the water works at london bridge were abolished , and the united company derived their supply from the thames at battersea fields , about half - a - mile above vauxhall bridge . the lambeth water company continued to obtain their supply opposite to hungerford market ; but they had established a small reservoir at brixton .
click here to learn more about the two reservoirs of the lambeth waterworks company in regions of south london .
the london bridge waterworks company was dissolved in 1822 , and its water supply licence was purchased by the new river company . later that same year , the borough waterworks company purchased the london bridge licence from the new river company , and it was renamed the southwark water company . the company extracted water from the river thames using steam engines to pump it to a cistern at the top of a 60 - foot - high ( 18 m ) tower . [ 10 ]
as a result of the metropolis water act 1902 , the metropolitan water board took over the functions of the southwark and vauxhall water company in 1904 . when it did so the company was in the course of constructing storage reservoirs at honor oak and walton .
the following is the proportion of deaths to 10 , 000 houses , during the first seven weeks of the epidemic , in the population supplied by the southwark and vauxhall company , in that supplied by the lambeth company , and in the rest of london .
to comply with the legislation , the southwark and vauxhall company built new waterworks in hampton above molesey lock in 1855 . the site was shared with the grand junction waterworks company and the west middlesex waterworks company . the company also constructed the stain hill reservoirs which had a 36 - inch - diameter ( 910 mm ) main to battersea . a third reservoir was opened later in the year between nunhead cemetery and peckham rye . in 1903 the svwc supplied a population of 860 , 173 in 128 , 871 houses of which 122 , 728 ( 95 . 3 % ) had a constant supply .
click here to learn more about the 1852 relocation of the lambeth waterworks company intake to seething wells , thames ditton .
the east london waterworks company replaced their reservoir at clapton by a reservoir at stamford hill in 1891 . [ 18 ]
in 1833 the south london waterworks company was supplying 12 , 046 houses with approximately 12 , 000 gallons of water .
the water supplied by the company was taken from the lea , with waterworks on 30 acres ( 0 . 12 km
the lambeth waterworks company expanded in 1802 to supply kennington and about this time replaced its wooden pipes with iron ones . [ 7 ]
the lambeth waterworks company expanded in 1802 to supply kennington and about this time replaced its wooden pipes with iron ones . [ 6 ]
in his book , john snow published map 2 which showed the water distribution of the lambeth company and the southwark and vauxhall company . shown to the right is a section of map 2 , from the river thames in the north to the streatham district in the south .
the south london water works company was incorporated in 1805 and originally drew its water from the effra which flowed into the thames at vauxhall creek . the company constructed works at kennington and vauxhall bridge . in 1832 the supply of water from the effra was abandoned . two years later the company changed its name to the vauxhall water works company and a limitation on its right to supply part of lambeth and newington ( already within the lambeth water works company ' s area ) was lifted at the same time by statute .
click here to learn more about the pre - 1852 intake of the lambeth waterworks company near the base of hungerford bridge .
the east london waterworks company replaced their reservoir at clapton by a new reservoir at stamford hill in 1891 . [ 17 ]
prior to their transfer to the greater london record office , the records of the southwark and vauxhall water company were housed in muniment rooms at thames water premises , seething wells , surbiton and at new river head , rosebery avenue , ec1 .
according to a return which was made to parliament , the southwark and vauxhall company supplied 40 , 046 houses from january 1st to december 31st , 1853 , and the lambeth company supplied 26 , 107 houses during the same period ; consequently , as 286 fatal attacks of cholera took place , in the first four weeks of the epidemic , in houses supplied by the former company , and only 14 in houses supplied by the latter , the proportion of fatal attacks to each 10 , 000 houses was as follows . southwark and vauxhall 71 . lambeth 5 . the cholera was therefore fourteen times as fatal at this period , amongst persons having the impure water of the southwark and vauxhall company , as amongst those having the purer water from thames ditton .
also around 1855 , the southwark and vauxhall water company established a reservoir north of nunhead cemetery in southeast london , and built water lines to connect both the hampton and nunhead locations to the main battersea works ( see snow ' s map 2 below ) .
in 1761 the london bridge waterworks company acquired the rights to supply water to southwark and extended their mains across the bridge ( a very early cross - river supply ) . in 1822 the act was passed to remove old london bridge and its waterworks . the new owners of operations , the new river company , sold their interest south of the thames to john edwards vaughan who joined it to his existing bankside works to form the southwark water works .
waterworks were established in east london , at west ham in 1743 and at lea bridge before 1767 .
the south london water works company was incorporated in 1805 and originally drew its water from the effra which flowed into the thames at vauxhall creek . the company constructed works at kennington and vauxhall bridge . in 1832 the supply of water from the effra was abandoned as the water was polluted and silted up . two years later , in 1834 , the company changed its name to the vauxhall water works company and a limitation on its right to supply part of lambeth and newington ( already within the lambeth water works company ' s area ) was lifted at the same time by statute .
the chelsea waterworks company and the lambeth waterworks company , who shared the services of james simpson , established facilities at seething wells between thames ditton and surbiton . the chelsea ' s former site was taken over by the railways to make space for victoria station . the grand junction , west middlesex and southwark and vauxhall waterworks companies set up facilities above molesey lock at hampton designed by joseph quick . the stain hill reservoirs and sunnyside reservoir were constructed in hampton by the svwc in 1855 , with a 36 - inch ( 910 mm ) diameter main to battersea . a third reservoir was opened later in the year between nunhead cemetery and peckham rye . [ 9 ]
the amalgamated company established waterworks at battersea fields with two depositing reservoirs with a capacity of 32 million gallons ; and two filtering reservoirs holding 11 million gallons .
in july 1834 the southwark water company was incorporated and empowered to buy up vaughan ' s undertaking and to construct new works at battersea . the old intake at bankside was abandoned at the same time and a temporary supply was taken from the lambeth company .
cholera reappeared in london in june 1853 . john snow asked permission to obtain ( from william farr ) the addresses of people who died of cholera in the districts which received water supplies from both the southwark and vauxhall and the lambeth companies .
after the merger in 1845 , the new southwark and vauxhall water company was in residence by the river thames , just to the east of battersea park . the picture at the right shows the location in 1854 , derived from map 2 in john snow ' s book .
of the vauxhall water company’s supply , hassall wrote , ‘it is water the most disgusting which i have ever examined . when i first saw the water of the southwark company , i thought it as bad as it could be , but this far exceeded it in the peculiarly repulsive character of living contents’ .
the west middlesex waterworks company was founded in 1806 to supply water to the marylebone and paddington areas of london . in 1808 the company installed cast iron pipes to supply water from its intakes at hammersmith . [ 8 ]
the west middlesex waterworks company was founded in 1806 to supply water to the marylebone and paddington areas of london . in 1808 the company installed cast iron pipes to supply water from its intakes at hammersmith . [ 7 ]
the first public works was the waterworks of the southwark ( & vauxhall ) water company , established in 1840–1 , nine elms having been selected as an ideal site from which to draw drinking water from the thames for the people of south london . the second was the gasworks of the london gas light company , established beside an old tide - mill pond in the 1850s as an outstation , but greatly extended soon after to become the company’s main works [ 2 ] .
the west middlesex waterworks company established a 3 . 5 million gallon reservoir at campden hill near notting hill . in 1825 the company built a new reservoir at barrow hill next to primrose hill in north london .
the west middlesex waterworks company was founded by serial entrepreneur ralph dodd in 1806 to supply water to the marylebone and paddington areas of london . in 1808 the company installed cast iron pipes to supply water from its intakes at hammersmith .
the chelsea waterworks company was established in 1723
for the better supplying the city and liberties of westminster and parts adjacent with water
. [ 5 ] the company received a royal charter on 8 march 1723 . [ 6 ] the company created extensive ponds in the area bordering chelsea and pimlico using water from the tidal thames .
the chelsea waterworks company was established in 1723
for the better supplying the city and liberties of westminster and parts adjacent with water
. [ 4 ] the company received a royal charter on 8 march 1723 . [ 5 ] the company created extensive ponds in the area bordering chelsea and pimlico using water from the tidal thames .
chelsea waterworks , 1752 . two newcomen beam engines pumped thames water from a canal to reservoirs at green park and hyde park .
in 1761 the london bridge water works bought this business from a james whitchurch whose father had acquired it from wilkinson . in 1822 the new river company took over the london bridge water works and sold this southwark interest to a mr edwards vaughan who , in 1820 , had become the proprietor of another undertaking , the borough waterworks . having acquired the two concerns edwards vaughan consolidated them at bankside and named them the southwark water works .
the southwark and vauxhall water company acquired land at hampton in 1851 and in 1852 an act was obtained to sanction the construction of new works and to enlarge the authorised supply area . in 1870 the company began filtering the water at hampton and the following year , in order to prepare for the introduction of constant supply , decided to construct four covered reservoirs at nunhead . peckham , to be supplied with filtered water from hampton .
it will be observed , that the water of the companies on the surrey side of london , viz . , the southwark , vauxhall , and lambeth , is by far the worst of all those who take their supply from the thames .
when the water of the southwark and vauxhall company was examined by messrs . graham , miller , and hofmann , at the latter part of january 1851 , it contained only 1 . 99 grains of chloride of sodium , or about one - twentieth as much as it contained last september , and one - fifteenth as much as on 21st november 1854 .
copyright © 2018 vauxhall history · data provided is for information purposes only . although carefully collected , accuracy cannot be guaranteed .
at the forefront of such engine design was sir james restler , the chief engineer to the southwark & vauxhall water company . his design of the first rotative pumping engines was constructed by moreland & son in 1886 , thus the moreland engine house takes its name . as steam and pumping technology rapidly evolved , so new and more efficient engines were added .
it may , indeed , be confidently asserted , that if the southwark and vauxhall water company had been able to use the same expedition as the lambeth company in completing their new works , and obtaining water free from the contents of sewers , the late epidemic of cholera would have been confined in a great measure to persons employed among the shipping , and to poor people who get water by pailsful direct from the thames or tidal ditches .
the works at kennington were dismantled and conveyed to the phoenix gas company in 1847 .
he then went on to compare the death rates from cholera in the two areas . he used this information to calculate how much more risky southwark and vauxhall water was compared to lambeth water . in other words , he looked for an association between water source and the risk of death from cholera .
the mwb opened the east london waterworks reservoirs banbury reservoir and lockwood reservoir , and the bessborough reservoir , knight reservoir and island barn reservoirs at molesey . it also opened the kempton park reservoirs in around 1907 .
as london’s population rapidly grew in the latter part of the 19th century , so did the demand for clean water . one of the water companies at hampton , the southwark & vauxhall water co . , responded to the demand and began to construct new , improved pumping stations on the current ‘morelands’ site in 1870s and 1880s .
in 1718 a grant was made by the city of london to francis wilkinson to supply water to southwark , procuring water from the thames .
in 1832 the lambeth waterworks company built a reservoir at streatham hill , and in 1834 obtained an act of parliament to extend its area of supply . in the same year , the company purchased 16 acres ( 65 , 000 m 2 ) of land in brixton and built a reservoir and works on brixton hill adjacent to brixton prison . [ 13 ]
in 1832 the lambeth waterworks company built a reservoir at streatham hill , and in 1834 obtained an act of parliament to extend its area of supply . in the same year , the company purchased 16 acres ( 65 , 000 m 2 ) of land in brixton and built a reservoir and works on brixton hill adjacent to brixton prison . [ 12 ]
the number of houses in london at the time of the last census was 327 , 391 . if the houses supplied with water by the southwark and vauxhall company , and the deaths from cholera occurring in these houses , be deducted , we shall have in the remainder of london 287 , 345 houses , in which 277 deaths from cholera took place in the first four weeks of the epidemic . this is at the rate of nine deaths to each 10 , 000 . but the houses supplied with water by the lambeth company only suffered a mortality of five in each 10 , 000 at this period ; it follows , therefore , that these houses , although intimately mixed with those of the southwark and vauxhall company , in which so great a proportional mortality occurred , did not suffer even so much as the rest of london which was not so situated .
it is extremely worthy of remark , that whilst only five hundred and sixty - three deaths from cholera occurred in the whole of the metropolis , in the four weeks ending 5th august , more than one half of them took place amongst the customers of the southwark and vauxhall company , and a great portion of the remaining deaths were those of mariners and persons employed amongst the shipping in the thames , who almost invariably draw their drinking water direct from the river .
the table exhibits an increase of mortality in 1854 as compared with 1849 , in the sub - districts supplied by the southwark and vauxhall company only , whilst there is a considerable diminution of mortality in the sub - districts partly supplied by the lambeth company . in certain sub - districts , where i know that the supply of the lambeth water company is more general than elsewhere , as christchurch , london road , waterloo road 1st , and lambeth church 1st , the decrease of mortality in 1854 as compared with 1849 is greatest , as might be expected .
the reader will observe from the last division of the table that the proportion of deaths was , in every subdistrict , very much greater amongst the population supplied by the southwark and vauxhall company than amongst that supplied by the lambeth company , and that the relative mortality is nearly the same throughout , except in two or three instances , where there were but one or two deaths for the basis of calculation amongst the customers of the lambeth company . the second table shows the results of that part of the inquiry conducted by mr . whiting , treated in a similar manner .
in 1845 the limits of supply of the east london waterworks company were described as
all those portions of the metropolis , and its suburbs , which lie to the east of the city , shoreditch , the kingsland road , and dalston ; extending their mains even across the river lea into essex , as far as west ham .
[ 14 ] the water supplied by the company was taken from the lea , with waterworks on 30 acres ( 0 . 12 km 2 ) of land at old ford .
in 1845 the limits of supply of the east london waterworks company were described as
all those portions of the metropolis , and its suburbs , which lie to the east of the city , shoreditch , the kingsland road , and dalston ; extending their mains even across the river lea into essex , as far as west ham .
[ 13 ] the water supplied by the company was taken from the lea , with waterworks on 30 acres ( 0 . 12 km 2 ) of land at old ford .
at the time i was making my inquiry , the entire number of houses supplied by each water company was known , from a return made to parliament , but the number of houses supplied in each district and subdistrict by each company respectively was not known . in order , therefore , to see the exact bearing of my results , i found it desirable to extend the inquiry over the districts supplied exclusively by the southwark and vauxhall company ; for this purpose i obtained the assistance of mr . whiting , a medical man , who took great pains with his part of the inquiry , which was merely to ascertain whether the houses in which fatal attacks had taken place were supplied by the southwark company , or from some other source , as a pump well or tidal ditch . his inquiry extended over the first four weeks of the epidemic .
the 1852 metropolitan water act forced the joint company to build new works at hampton in 1855 . the company was taken over by metropolitan water board in 1902 .
in 2012 thames water sold the morelands & riverdale buildings to mr andrew black . thames water still own and operate all the filter beds and the other original pump houses at the hampton waterworks , west of this site .
in 1825 , the ponds of the chelsea waterwork company were used as the basis of the grosvenor canal which was opened to traffic that year . by this time there were complaints about the quality of the water that the company was drawing from the river thames , and in 1829 , under engineer james simpson the chelsea waterworks company became the first in the country to install a slow sand filtration system to purify the water . [ 11 ]
in 1825 , the ponds of the chelsea waterwork company were used as the basis of the grosvenor canal which was opened to traffic that year . by this time there were complaints about the quality of the water that the company was drawing from the river thames , and in 1829 , under engineer james simpson the chelsea waterworks company became the first in the country to install a slow sand filtration system to purify the water . [ 10 ]
in the beginning of the late epidemic of cholera in london , the thames water seems to have been the great means of its diffusion , either through the pipes of the southwark and vauxhall company , or more directly by dipping a pail in the river . cholera was prevailing in the baltic fleet in the early part of summer , and the following passage from the
weekly returns
of the registrar - general shows that the disease was probably imported thence to the thames .
in the mid 19th century the east london waterworks company purchased the coppermill at walthamstow and modified it to drive a water pump to assist in the building of reservoirs on nearby marshland in the lea valley . [ 17 ] the company built a series of reservoirs which were high maynard reservoir , low maynard reservoir , five linked numbered reservoirs making the walthamstow reservoirs , the east warwick reservoir and the west warwick reservoir .
in the mid 19th century the east london waterworks company purchased the coppermill at walthamstow and modified it to drive a water pump to assist in the building of reservoirs on nearby marshland in the lea valley . [ 16 ] the company built a series of reservoirs which were high maynard reservoir , low maynard reservoir , five linked numbered reservoirs making the walthamstow reservoirs , the east warwick reservoir and the west warwick reservoir .
while the southward and vauxhall water company made many changes during the 1850s , they occurred after 1853 - 54 when cholera was again epidemic in london . during the time of the epidemic , its intake was still in battersea area of the river thames , and thus still contaminated with cholera and other organisms . discovering this provided john snow with the opportunity of the grand experiment of 1854 .
throughout the 1890s additions were made to the hampton works and by 1903 the company was able to dispense with the battersea works .
in 1845 new works were built at battersea on the approximate side of the power station and in 1855 an intake from the thames was introduced at hampton . wells were also sunk at streatham , honor oak and merton abbey in 1888 and 1902 . in 1861 the company took over the richmond water company .
the grand junction waterworks company built a pumping station near kew bridge at brentford in 1838 to house its new steam pump and two similar pumps purchased from boulton , watt and company in 1820 . the water was taken from the middle of the river and pumped into filtering reservoirs and to a 200 ft ( 61 m ) high water tower to provide gravity feed to the area . a six to seven mile ( 11 km ) main took the water to a reservoir on campden hill near notting hill capable of containing 6 million gallons .
in 1829 , the east london waterworks company moved their source of water further up river to lea bridge as a result of pollution caused by population growth . clean water was now abstracted from the natural channel which had been by - passed by the hackney cut , to a new reservoir at old ford . [ 12 ] in 1830 the company gained a lease on the existing reservoir at clapton .
in 1829 , the east london waterworks company moved their source of water further up river to lea bridge as a result of pollution caused by population growth . clean water was now abstracted from the natural channel which had been by - passed by the hackney cut , to a new reservoir at old ford . [ 11 ] in 1830 the company gained a lease on the existing reservoir at clapton .
the lambeth waterworks company was founded in 1785 to supply water to south and west london . it was established on the south bank of the river thames close to the present site of hungerford bridge where the royal festival hall now stands . the first water intake of the company was on the south side of the river and supplied directly from the river . after complaints that the water was foul , the intake was moved to the middle of the river . [ 7 ]
the lambeth waterworks company was founded in 1785 to supply water to south and west london . it was established on the south bank of the river thames close to the present site of hungerford bridge where the royal festival hall now stands . the first water intake of the company was on the south side of the river and supplied directly from the river . after complaints that the water was foul , the intake was moved to the middle of the river . [ 6 ]
the single largest infrastructure project in recent years has been the creation of the thames water ring main , a
backbone network
for london ' s water supply . [ 22 ] this connects all the waterworks , and pumping stations ,
the grand junction waterworks company was created in 1811 to take advantage of a clause in the grand junction canal company ' s act which allowed them to supply water brought by the canal from the river colne and river brent , and from a reservoir in the north - west middlesex supplied by land drainage . it was thought that these waters would be better than those of the thames , but in fact they were found to be of poor quality and insufficient to meet demand . after trying to resolve these problems the company resorted to taking their supply from the river thames at a point near chelsea hospital [ 9 ]
the grand junction waterworks company was created in 1811 to take advantage of a clause in the grand junction canal company ' s act which allowed them to supply water brought by the canal from the river colne and river brent , and from a reservoir in the north - west middlesex supplied by land drainage . it was thought that these waters would be better than those of the thames , but in fact they were found to be of poor quality and insufficient to meet demand . after trying to resolve these problems the company resorted to taking their supply from the river thames at a point near chelsea hospital [ 8 ]
in table viii , showing the mortality in the first seven weeks of the epidemic , the water supply is the result of my own personal inquiry , in every case , in all the sub - districts to which the supply of the lambeth company extends ; but in some of the subdistricts supplied only by the southwark and vauxhall company , the inquiry of mr . whiting having extended only to 5th august , the water supply of the last three weeks is calculated to have been in the same proportion by the company , or by pump wells , etc . , as in the first four weeks , - - a calculation which is perfectly fair , and must be very near the truth . the sub - districts in which the supply is partly founded on computation , are marked with an asterisk .
how did it happen , if the character of the water has a great influence on the mortality from cholera , that in the belgrave district only 28 persons in 10 , 000 died , and in the westminster district , also supplied by the chelsea company , 68 persons in 10 , 000 ; and , again , that in the wandsworth district the mortality was only 100 , and in the district of st . olave 181 in 10 , 000 inhabitants - - both these districts receiving their supply from the southwark company ?
as the registrar - general published a list of all the deaths from cholera which occurred in london in 1853 , from the commencement of the epidemic in august to its conclusion in january 1854 , i have been able to add up the number which occurred in the various sub - districts on the south side of the thames , to which the water supply of the southwark and vauxhall , and the lambeth companies , extends . i have presented them in the table opposite , arranged in three groups .
in 1847 , the directors of the lambeth waterworks company decided to move the intake from the hungerford bridge area to a new location , away from the thames tides that brought contaminated water to their intake . they selected seething wells next to thames ditton , 22 miles up river and far from the contaminated water in the london section of the river .
in the subdistricts here enumerated , which were supplied , except just on the border of three of them , exclusively by the vauxhall company , the mortality will be observed to be nearly the same , only a little higher , than [ 246 / 247 ] amongst the population supplied by the same company , and mixed with that supplied by the lambeth company , as shown in the previous table . in the third table the figures contained in the two first are collected into a more compact form , to show the result of the inquiry during the first part of the epidemic , arranged in districts .
although the legislation that established the london water companies intended that they would compete for customers , in 1815 the east london company drew up a legal agreement with the new river company defining a boundary between their areas of supply .
areas of london . in 1808 the company installed cast iron pipes to supply water from its intakes at hammersmith .
in 1898 the svwc started work on the bessborough reservoir and the knight reservoir across the thames from hampton at molesey . by 1903 the svwc supplied a population of 860 , 173 in 128 , 871 houses of which 122 , 728 ( 95 . 3 % ) had a constant supply . [ 19 ] the lambeth waterworks company started work on island barn reservoir at molesey in 1900 .
to extend its area of supply . in the same year , the company purchased 16 acres ( 65 , 000 m
in 1898 the svwc started work on the bessborough reservoir and the knight reservoir which were across the river from hampton at molesey . by 1903 the svwc supplied a population of 860 , 173 in 128 , 871 houses of which 122 , 728 ( 95 . 3 % ) had a constant supply . [ 18 ] the lambeth waterworks company started work on island barn reservoir at molesey in 1900 .
, obtained from the thames at millbank , was filtered through sand and charcoal till it looked as clear as that of the chelsea company ; yet , in every epidemic , the inmates of this prison suffered much more from cholera than the inhabitants of the neighboring streets and those of tothill fields prison , supplied by that company .
a return had been made to parliament of the entire number of houses supplied with water by each of the water companies , but as the number of houses which they supplied in particular districts was not stated , i found that it would be necessary to carry my inquiry into all the districts to which the supply of either company extends , in order to show the full bearing of the facts brought out in those districts where the supply is intermingled . i inquired myself respecting every death from cholera in the districts to which the supply of the lambeth company extends , and i was fortunate enough to obtain the assistance of a medical man , mr . john joseph whiting , l . a . c . , to make inquiry in bermondsey , rotherhithe , wandsworth , and certain other districts , which are supplied only by the southwark and vauxhall company . mr . whiting took great pains with his part of the inquiry , which was to ascertain whether the houses in which the fatal attacks took place were supplied with the company ' s water , or from a pump - well , or some other source .
in 1897 the new river company started developing the treatment works spanning kempton park and hanworth to supply more water than their facilities at cricklewood drawing on the river brent .
at first they used wood mains to transport the water to customers , but then replaced them with iron in the early 1800s . in 1832 , the company constructed a reservoir at streatham hill , and then in 1834 constructed new waterworks and a second reservoir in brixton . two years later they sold some of their new brixton site to the city to construct a prison . all this while , the intake remained in the polluted region of the river thames .
' among the recent cases of cholera , not one has occurred in the district supplied by the kent water company .
it is necessarily arranged in districts - for the results were so published in the weekly returns ( 7 ) - and not in subdistricts . the mortality during the last ten weeks of the epidemic was greater than during the first seven weeks , but the reader will observe that a very great disproportion continues in every district between the mortality of the population supplied by one company and that supplied by the other . there is no district to which the supply of both companies extends in which the mortality is not more than three times as great amongst the persons supplied by the southwark company as amongst those supplied by the lambeth company , and the general result shows a proportion of ninety - one to eighteen , or more than five to one , as was stated before .
it was not until 1902 that the metropolis water act was passed , leading to the creation of the metropolitan water board . this took over eight private water companies , taking over the new river company headquarters on rosebery avenue , clerkenwell . the board was made up of 66 delegated members , 14 from the london county council , 31 from the metropolitan borough councils and city corporation , and 21 from the authorities of localities outside the water companies ' areas . from 1907 widespread reservoir and waterworks building was carried out .
in 1897 the new river company started developing the treatment works at kempton park to supply additional water to their facilities at cricklewood .
a specimen of water obtained on 21st november , from a house supplied by the southwark and vauxhall company , contained 28 . 8 grains of common salt per gallon , or about three - quarters as much as it contained in september , when the quantity was 37 . 9 grains . it is very obvious from the above analyses , that the water company obtain their supply from the thames at high water , or nearly so , although this is the time of the tide when the water contains the greatest amount of impurity . it is quite certain that the sea water cannot reach to thames ditton , any more than the contents of the london sewers , and therefore , whatever may be its source , the quantity of chloride of sodium in the water is quite conclusive as regards the purpose for which i examined into it , viz . , to distinguish between the water of the two companies .
the construction of london ' s current water distribution infrastructure dates back to the great fire of london in 1666 , which destroyed most of the city ' s previous water infrastructure , most of which was made of wood and lead . [ 2 ] one waterworks not affected by the fire was at shadwell which dated from 1660 . the city ' s water supply and distribution infrastructure has been continuously updated and upgraded since then .
which was opened to traffic that year . by this time there were complaints about the quality of the water that the company was drawing from the river thames , and in 1829 , under engineer
from 1974 the administration of the metropolitan water board was transferred to the new thames water authority . in 1989 thames water became a private company and set up a principal operating subsidiary , thames water utilities limited , to supply water and sewerage services .
the appearance of the southwark and vauxhall site was similar in reynolds ' s map of 1859 . what changed , however , was the name of the bridges . in snow ' s map 2 , there are two bridges , one on each side of battersea park ( the batters bridge and the battersea bridge ) . the newer of the two on the east side of the park was built in 1851 - 8 . it was a suspension bridge with cast - iron towers . after being completed in 1858 , it was named the chelsea bridge in the 1859 map ( see to the left ) , different from battersea bridge as shown in snow ' s map 2 of 1854 .
the construction of london ' s current water distribution infrastructure dates back to the great fire of london in 1666 , which destroyed most of the city ' s previous water infrastructure , most of which was made of wood and lead . [ 2 ] one waterworks not affected by the fire was at shadwell by the thames which dated from 1660 . the city ' s water supply and distribution infrastructure has been continuously updated and upgraded since then .
a major 21st large infrastructure investment has been the creation of the thames water ring main , a
backbone network
for london ' s water supply . this period also saw contingency planning reserve facilities used mostly in times of drought built at beckton . [ 25 ] [ 26 ] this connects all the waterworks , and pumping stations .
in the north districts of london , which suffered much less from cholera than the south districts , the mortality was chiefly influenced by the poverty and crowding of the population . the new river company having entirely left off the use of their engine in the city , their water , being entirely free from sewage , could have had no share in the propagation of cholera . it is probable also , that the water of the east london company , obtained above lea bridge , had no share in propagating the malady ; and that this is true also of the west middlesex company , obtaining their supply from the thames at hammersmith ; and of the grand junction company , obtaining their supply at brentford . all these water companies have large settling reservoirs . it is probable also , as i stated above , that the chelsea company in 1849 , by careful filtration and by detaining the water in their reservoirs , rendered it in a great degree innocuous .
a high service reservoir was built on forest hill in 1887 and a pumping station at wandsworth was brought into use in 1891 for pumping to wimbledon and the higher levels . wells were sunk at streatham in 1888 and later at honor oak ( 1901 ) and merton abbey ( 1902 ) . throughout the 1890s additions were made to the hampton works and by 1903 the company was able to dispense with the battersea works .
goodman , david c . and chant , colin ( 1999 ) european cities and technology ( london : routledge ) .
in the worst condition in which it is possible to conceive any water to be , as regards its animalcular contents . …a curious fact in connection with the water of the southwark company has been mentioned to me by mr hett , surgeon of bridge street , viz : …that a gauze bag tied to the tap of the water cistern is found at the end of a few days to contain a mass sufficient to fill an eggshell , consisting principally of the hairs of mammalian animals .


deyaar is a leading local and regional real estate developer and real estate services company .

at inception , deyaar was the property management unit of dubai islamic bank .

deyaar was later established as a private shareholding company on january 6 , 2001 and commenced operations on june 1 , 2003 .

deyaar

1 deyaar development - business analysis 1 . 1 deyaar development - company overview 1 . 2 deyaar development - business description 1 . 3 deyaar development - major products and services 2 deyaar development - analysis of key performance indicators 2 . 1 deyaar development - five year snapshot : overview of financial and operational performance indicators 2 . 2 deyaar development - key financial performance indicators 2 . 2 . 1 deyaar development - revenue and operating profit 2 . 2 . 2 deyaar development - asset and liabilities 2 . 2 . 3 deyaar development - operational efficiency 2 . 2 . 4 deyaar development - solvency 2 . 2 . 5 deyaar development - valuation 2 . 3 deyaar development - competitive benchmarking 2 . 3 . 1 deyaar development - market capitalization 2 . 3 . 2 deyaar development - efficiency 2 . 3 . 3 deyaar development - turnover – inventory and asset 3 deyaar development - recent developments 4 deyaar development - swot analysis 4 . 1 deyaar development - swot analysis - overview 4 . 2 deyaar development - strengths 4 . 3 deyaar development - weaknesses 4 . 4 deyaar development - opportunities 4 . 5 deyaar development - threats 5 deyaar development - company statement 6 deyaar development - history 7 deyaar development - key employees 8 deyaar development - key employee biographies 9 deyaar development - locations and subsidiaries 9 . 1 deyaar development - head office 9 . 2 deyaar development - other locations and subsidiaries 10 appendix 10 . 1 methodology 10 . 2 ratio definitions 10 . 3 disclaimer list of tables table 1 : deyaar development - major products and services table 2 : deyaar development - key ratios - annual table 3 : deyaar development - key ratios - interim table 4 : deyaar development - key capital market indicators table 5 : deyaar development - history table 6 : deyaar development - key employees table 7 : deyaar development - key employee biographies table 8 : deyaar development - subsidiaries table 9 : deyaar development - locations list of figures figure 1 : deyaar development - total income and net profit figure 2 : deyaar development - financial position figure 3 : deyaar development - operational efficiency figure 4 : deyaar development - solvency figure 5 : deyaar development - valuation figure 6 : deyaar development - market capitalization figure 7 : deyaar development - efficiency figure 8 : deyaar development - turnover – inventory and asset
deyaar has launched the second edition of deyaar al khair , an initiative that provides free maintenance services to underprivileged families across the country .
deyaar owners’ association management , part of deyaar development pjsc ( “deyaar” ) , one of dubai’s leading property developers and real estate service providers , has received the dubai quality appreciation award for the 2017 cycle under the services sector .
through this platform , you can also stay in touch with deyaar owners’ association management . we do hope this secure and private portal helps you enjoy your experience with deyaar properties !
the four were ordered to pay jointly dh28 , 556 , 535 in fines to deyaar .
examines and identifies key information and issues about
deyaar development
for business intelligence requirements .
a meeting of the board of directors of deyaar development , the region ' s fastest growing real estate company , was held on saturday to review the resignations of deyaar chairman dr mohammad khalfan bin kharbash .
dubai : a meeting of the board of directors of deyaar development , the region ' s fastest growing real estate company , was held on saturday to review the resignations of deyaar chairman dr mohammad khalfan bin kharbash , and sultan bin saeed al mansouri , minister of economy and vice - chairman of deyaar .
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dk , a project evaluation manager at thermo , testified that the company’s executives were directed not to directly deal with deyaar and leave that to as and fl . “the two managers prepared the contracts and sent them to deyaar’s ceo . ”
deyaar has grown exponentially over the past decade to become one of the leading real estate development companies in the region . .
deyaar development , a real estate development company in dubai , has signed a memorandum of understanding ( mou ) with turkey ' s ascioglu group , a developer in istanbul . the mou articulates deyaar ' s strategy to expand in the middle east .
nasser al shaikh , the chairman of deyaar development , has submitted his resignation to the company ' s board of directors .
welcome to deyaar’s customer portal , a one - stop online gateway to access information on all property and community related services and initiatives .
the board applauded the efforts of dr kharbash and al mansouri during their tenure with deyaar and wished them success in their future endeavours .
the director of the financial audit department also testified that he found cheques issued to deyaar’s ceo besides a number of incriminating international money transfers .
deyaar does not warrant the accuracy , adequacy , or completeness of the information presented herein and expressly disclaims liability for any errors or omissions therein . the information presented herein may include data supplied to deyaar by third parties . such data may be amended or changed at any time by third parties without notice to deyaar . accordingly , no warranties of any kind , express or statutory are given in respect of the information .
as part of the dubai cares adopt a school initiative , deyaar will build a school in the western region of nepal and equip it with furniture and gender specific latrines , with 150 students benefitting from the school . the school will also offer adult literacy programs to 60 women . deyaar will also send a group of employees to volunteer their time and effort in support of the construction of the school . the agreement was signed by saeed al qatami , ceo , deyaar development , and tariq al gurg , chief executive officer of dubai cares , during a signing ceremony held at deyaar’s headquarters today .
only the thermo managers were found guilty of embezzling dh500 , 000 and were each fined dh500 , 000 and ordered to pay the amount to deyaar .
at deyaar , we understand the challenges many landlords face when managing their properties . that is why we make the process simple . with our online landlord portal , property owners can easily check unit status and cash flow statements by viewing a list of all properties managed by deyaar through one central portal .
the ascioglu group is calling on investors in turkey to make use of deyaar ' s local expertise for exploring emerging investment opportunities in and around dubai .
according to the records , the thermo managers were awarded a contract by deyaar in june 2005 for u1 and u2 towers in jumeirah lakes worth dh71 million .
deyaar’s operations are divided across four key business units – property development , property management , facilities management and owners’ association management . through these teams , deyaar aims to maximise investor profits , provide customers with the highest level of service in the industry and deliver real solutions that truly enhance the value of their investments .
the former ceo of property developer deyaar , zs , was on monday sentenced to 15 years in jail after he was found guilty of asking and accepting bribes .
he added that “the transaction will strengthen deyaar’s long term capital position and prove to be a prudent move towards the company’s long term growth and revenue diversification . ”
deyaar is understood to have increased its stake from the previous 55 per cent of omega . “the acquisition , ” said deyaar ceo saeed al qatami in the statement , “is in line with deeyar’s long term strategy of consolidating its investment in construction and facility management services , while further fortifying its engineering capabilities for future projects . ”
deyaar development ( deyaar ) , a customer - focused , trusted and valued developer with in - depth market intelligence and property management expertise , today announced its preliminary q1 unreviewed financial results registering aed 51 . 03 million in net profits , and aed 60 . 2 million in revenue compared to aed 36 . 2 million during same period last year .
dubai - uae : 24 june , 2015 – deyaar development pjsc , a leading real estate development company headquartered in dubai , has signed a memorandum of understanding ( mou ) with turkey’s aşçıoğlu group , a prime developer known for shaping significant real estate projects in istanbul . the mou articulates deyaar’s strategy to expand its presence in the wider middle east region .
the mou will facilitate ascioglu ' s foray into dubai ' s hospitality and real estate sectors . it will also enable deyaar to explore new opportunities in turkey in partnership ascioglu .
deyaar development accounted for almost half of the trading volume on the dubai financial market ( dfm ) yesterday as the property company ' s board met to map its future . investors bought and sold more than 103 million deyaar shares during the trading session , pushing the company ' s price down by 4 . 3 per cent to 33 fils . the stock is down more than 43 per cent for the year to date . deyaar share activity has accounted for more than a third of all trades on the market since tuesday of last week .
the board meeting , in its new structure , also decided to appoint nasser bin hassan al shaikh as chairman of deyaar development and khalid mohammad ali al kamda as vice - chairman .
nasser al shaikh , the chairman of deyaar development , has submitted his resignation to the company ' s board of directors , deyaar said in a statement this morning . the move comes just weeks after mr al shaikh was replaced as director general of the dubai department of finance , where he was overseeing the distribution of funds to companies struggling to pay debts and finance operations in the wake of the global financial crisis . government officials gave no reason for his replacement at the time , nor did deyaar executives yesterday after announcing his intention to resign . deyaar said its board of directors would
convene shortly to consider ratification
of his resignation . mr al shaikh is also listed as chairman of amlak finance and vice chairman of the national bonds corporation . bhope @ urltoken
deyaar awarded another contract to the same company in february 2006 for a tower in business bay worth dh76 million and a third contract was for the metropolis tower in the same project worth dh55 million .
we had to make deyaar a brand that people can come and trust . the strategy is interesting , but never forget that the implementation is much more complicated .
@ email : bhope @ urltoken
deyaar’s growth is built on the foundation of uncompromising ethical business practices and a strong corporate governance framework . our values of transparency and reliability guide us in formulating and enforcing the highest standards of corporate governance .
dubai - based deyaar development , a property development firm listed on the dubai financial market ( dfm ) , announced on thursday that it has acquired full ownership of one of its subsidiaries , omega engineering .
signed by deyaar’s ceo saeed mohammed al qatami and aşçıoğlu’s chairman yaşar aşçıoğlu , the partnership mandates the two entities to jointly develop master developments in both turkey and the uae . more specifically , the exclusivity mou will facilitate aşçıoğlu’s engagement in dubai’s hospitality and real estate sectors , while enabling deyaar to explore new opportunities in the republic of turkey in partnership with one of the nation’s pioneering brands in the real estate sector .
another issue that has emerged publicly is deyaar ' s connection to a high - end property development , sky gardens . deyaar entered into an agreement - the exact nature of which is being contested by the different parties - in late 2008 to buy a third of the building but is now trying to cancel that agreement and get a refund of the money it has paid so far . the schools company taaleem has filed a lawsuit against deyaar and national bonds - a company that was providing the financing for taaleem ' s original purchase of a 33 . 3 per cent stake in sky gardens - in the difc courts .
as our valued owner / tenant , we invite you to login to the portal via deyaar’s website to view your automated utility bills and make online payments from the convenience of your home through a secure payment gateway .
in addition to delivering end - to - end property development and property management services and overseeing a wide range of property units across the uae , deyaar today also provides facility management services to commercial and residential units .
established in 2002 , deyaar has grown into a diversified company offering a range of services covering real estate development and facilities management . the dubai financial market - listed company recently announced forming a strategic alliance with dubai south for a joint development of a mixed - use project within the residential district . pw caught up with saeed al qatami , ceo , deyaar development , to get up to speed with the company’s development strategy and new projects .
saeed al qatami , ceo of deyaar , said : “deyaar’s strategy to continuously grow and diversify its portfolio of developments and services has helped us avoid impact of any fluctuations in the real estate sector , as a result of the global economic conditions such as dwindling oil prices . the results achieved in the first quarter of this year affirm that our corporate strategy remains sound and strong placing the stakeholders’ value at the top of its priority . ”
deyaar has recently launched dania district , the second phase of its mega midtown development , which includes six residential buildings ranging from g + 7 to g + 16 comprising a total of 579 apartment units in varying sizes .
deyaar also began a series of consolidations . it allowed distressed customers who had bought multiple units to reduce the number of their holdings while increasing their equity in the remaining units . so a buyer who had paid 20 per cent for two floors of a building could change to having paid 40 per cent for one floor . this left the company with unsold inventory , but that was taken care of in large part by deyaar also consolidating its projects , the fourth step of the strategy . deyaar effectively has been cancelling some projects in areas with a low probability of getting infrastructure on time by convincing buyers to shift their purchases into buildings further along in development .
strategic & over - arching role in the management of the company and its till date strategic planning , deyaar subsidiaries . manage investments , assets , efficiency & performance , development pjsc , uae procuring finance , revenues and costs .
deyaar development ( deyaar ) is a real estate development company . it provides property development , property management , facilities management , leasing and real estate brokerage services . the company owns and manages real estate funds which invest in lands for development , and distressed real estate assets across the middle east and north african region . it also develops and sells residential , commercial and retail properties . the company’s major projects include dubai marina , impz , tecom , jumeirah lake towers , and downtown jebel ali . it has operations in lebanon , the uae , saudi arabia , the netherlands , the us , bahrain and the uk . deyaar is headquartered in al barsha , dubai , the uae .
signed by saeed mohammed al qatami , deyaar ' s chief execuive officer ( ceo ) , and yasar ascioglu , chairman of ascioglu , the partnership mandates the two entities to jointly develop master developments in both turkey and the uae .
mr giebel said that this ensured that deyaar could then sell the defaulted unit to the distressed asset fund at a very steep discount because the company gets to keep some or all of the payments from the defaulted buyer . deyaar would prefer to do this because if it sold the unit at a discount to the market , they would be unfairly competing with their own buyers who were listing their property on the resale market , and destabilising prices in dubai as a whole .
we at deyaar believe in collaborating effectively with our partners to meet the fast changing needs of our customers in this dynamic environment . deyaar leverages its strong relationships with some of the most prestigious financial institutions in the uae to exclusively help our customers gain access to the best mortgage solutions . we employ unique resources to help drive business innovation and form a trusted foundation for strategic decision making , increased agility , and long - term competitive advantage both for our customers and partners .
there is no doubt that hospitality will be a major growth driver for the uae and for deyaar , especially with expo 2020 . by then , dubai will have 20 million visitors , owing to the government’s tourism plans . dubai tourism expects occupancy rates to stay at around 77 per cent until next year . by the end of 2018 , dubai will have 134 , 000 hotel rooms . deyaar is helping to meet rising demand for hotel and serviced - apartment accommodation by providing quality facilities across key growth corridors in dubai .
deyaar is led by its chairman , abdulla ali obaid al hamli , who has overall responsibility for the company’s management across all its business units . a widely respected professional , mr . al hamli currently serves as board member and managing director of dubai islamic bank .
our chief executive officer , saeed al qatami , who has served at deyaar since 2007 , is a highly experienced real estate and financial services professional , bringing a pioneering approach to real estate management through his exceptional leadership skills and profound knowledge of the global real estate sector .
established in 2002 with a paid up capital of aed 18 . 38 million , deyaar has grown exponentially over the past decade to become one of the leading real estate development companies in the region , with a share capital of aed 5 . 78 billion following its ipo in may 2007 .
for this reason , deyaar focused on the default rate from the beginning of the property slowdown last autumn , mr giebel said .
defaults are very dangerous ,
mr giebel said .
the key is to bring this number down as low as possible .
what emerged over months of planning and consultations was a five - part strategy to lower deyaar ' s natural rate of defaults from 50 per cent - a potentially staggering loss of income - to the low single - digit range . at the recently delivered al seef 2 project , the default rate was 3 per cent .
commenting on his new appointment , nasser bin hassan al shaikh said ,
deyaar is an aspiring entity in the real estate sector and i am confident that with the foresight of my fellow board members and the dedication of the team we will soon fortify the position of the company and take it to new heights .
to start , deyaar had to create its first customer service unit . many of the sales staff members had to undergo extensive training to understand things such as how to talk on the phone with angry customers and how to find out what their needs are if they are to be able to continue paying for their purchases . perhaps the most difficult task of all , mr giebel said , was changing the public image of deyaar in the market . the company underwent a complete rebranding with a new logo and corporate image and made itself more accessible to the media in order to give a more transparent account of what was happening at the company , he said .
much like the uae , deyaar has built our credentials on solid foundations that evoke trust and the collaborative engagement of every stakeholder . our unwavering determination to excel in an industry that is fiercely competitive has allowed us to grow as a customer - focused , trusted and valued developer with in - depth market intelligence and property management expertise .
you are about to be redirected to an application form ; by completing this form you confirm that the personal information provided is true and correct to the best of your knowledge . in addition , you have read and fully understand the contents herein and consent to deyaar processing of your personal data for relevant puposes in accordance with the companytms data protection policy .
the concern is what is the strategy going forward ,
mr riley said .
this is something the board needs to consider .
he said the company was seeing
strange levels of liquidity
but there was no immediately apparent reason for this . three of deyaar ' s top executives , including markus giebel , the chief executive , left in april after the board decided to move the company in a new direction . mr giebel was the architect of deyaar ' s recovery strategy after the property recession , but he and the board could not reach an agreement on the final step of his plan to create a distressed - assets fund and increase recurring revenue , according to people familiar with the matter .
management believes that the amounts paid by the group are recoverable from the seller ,
ernst & young , deyaar ' s auditor , said in an introductory note to the financial statements . it added that a sale and purchase agreement had never been signed and
accordingly the terms of mou have automatically terminated due to the passage of time
. bhope @ urltoken
when completed later this year , the atria will be a 32 - storey residential tower and a luxury serviced apartment tower . deyaar released 50 per cent of the serviced apartments to the market and kept the other half for ourselves . our retention of 50 per cent ownership for recurring revenue generation is based on our confidence that this product will make a strong return on investment .
deyaar is one of the largest developers in dubai , its real estate ventures span major growth corridors and prime locations , including business bay , dubai marina , al barsha , difc , jumeirah lake towers , dubai production city , dubai silicon oasis , al barsha south and al barsha heights . the company’s current project portfolio includes iconic residential and commercial tower developments as well as upcoming hospitality developments .
timetric ' s
deyaar development : company profile and swot analysis
contains in depth information and data about the company and its operations . the profile contains a company overview , key facts , major products and services , swot analysis , business description , company history , financial analysis , recent developments , key employees , company locations and subsidiaries , employee biographies as well as competitive benchmarking data .
as a company , we have continuously refreshed our core services with a stronger and broader network of customers . consequently , deyaar’s expertise is increasingly in demand outside ourown portfolio of properties . long - standing partnerships on the development front have helped us differentiate ourselvesfrom our competitors . our wide range of projects is part of the company’s huge property portfolio in the prime commercial business district located in the heart of the city .
the board of directors met yesterday to discuss the company ' s future strategy and its financial position , according to a disclosure on the dfm website . chet riley , an analyst at nomura securities , said the larger issue for investors was what deyaar planned to do in the years ahead . since it had not launched any new building projects , it was likely to see its revenue dry up starting in 2012 , he said .
ascioglu said :
the group has to its credit almost five decades of experience in the turkish market and has succeeding in delivering key projects across the country . our agreement with deyaar is a natural fit as we are two leading companies with similar objectives , track records and values . we believe that by sharing expertise , we can leverage our mutual strengths to assess and capture opportunities that open up in the near future .
taaleem seeks a ruling that it is not obliged to pay the outstanding payments due on the building , court documents show . deyaar said in its first - quarter financial statements that it had paid dh185 . 8 million ( us $ 50 . 5m ) to the seller but expected to get a full refund because the terms of the agreement had expired . national bonds had an outstanding balance of dh186 . 3m , the financial statements show .
so far , about half of the buyers in these buildings had opted for the consolidation option , and mr giebel said the company ' s sales staff were working with the remaining buyers to increase this number . in some cases , they were giving these buyers discounts to accept the transition , he said . still , after all these steps , deyaar is left with a default rate of about 20 per cent . that is where the final step comes in .
dubai cares designs and funds integrated primary education programs that are impactful , sustainable and scalable . education is a critical factor in every child’s development . yet , 58 million primary - age children around the world today do not have access to education and a further 250 million are still not able to read , write or count adequately . dubai cares work is in line with deyaar’s social responsibility strategy which focuses on education as a basis for its contributions in the community .
al qatami said :
we are excited to join hands with turkey ' s leading group in the real estate sector as part of our strategy to expand our global footprint . turkey presents appealing investment opportunities as a key destination in the emerging regional market . as a leader in the uae ' s real estate sector , deyaar will continue to play an active role in focusing on high quality real estate projects while maintaining its commitment to providing shareholder value and exceptional customer care .
deyaar has developed 7 million sq ft of real estate in the uae . we have 7 million sq ft more under development . in the residential market , we are seeing increased demand for high - quality , affordable housing and apartments . more young professionals are entering the market all the time . as the world expo approaches , this trend will continue . the real - estate sector will need to continue adjusting to consumer and demographic trends . what must remain constant , though , is a commitment to the highest quality standards .
launching successful projects has not only allowed our business to grow , but also helped shape entities that are serving as sustainable sources of revenue . this has been made possible by carrying out unique initiatives for the customers leveraging on our strong financial capabilities . we extend unique payment options to potential buyers , making our appealing properties even more affordable . with a firm sense of business fundamentals , deyaar also sought to build a healthy cashflow . the company’s financial strategy through the years makes it possible to maintain debts at a minimum and risks atbay .
at deyaar , we believe we are unrivalled when it comes to knowing the market and knowing our customers . with more than 15 years’ experience , we understand market dynamics and our products are tailored for our loyal customers . we offer value to customers on product , design , service , location and market insight . our development projects , whether residential , commercial or hospitality , are always carefully weighed against market demand . so , we know the uae is undergoing rapid population and tourism growth and these drivers create demand for quality residential and hospitality projects .
commenting on this cooperation agreement , tariq al gurg , chief executive officer of dubai cares said : “what we have achieved so far on a global scale as a philanthropic organization is remarkable . to date , dubai cares is reaching more than 13 million children in 38 developing countries . what is more remarkable is the active support of corporations from the uae such as deyaar development , for placing education on their csr agenda and for realizing and supporting the work we do . we greatly value their support that represents the cornerstone of our philanthropic efforts worldwide . ”
i spent weeks just listening ,
mr giebel said this week .
the key to any business is to get all of the information first and then manage it .
in the months since then , mr giebel and deyaar ' s leadership team have completely redefined the company , turning it into what nomura securities called a
market leader
in a recent report . not only does the company have a new logo and strategy , it is taking some of the most proactive measures in the region to combat the rising number of people defaulting on their property purchases .
the fund , which was created together with dubai islamic bank , will be between dh500 million ( us $ 136 . 1m ) and dh1 billion in size . mr giebel said he had already secured about dh200m in solid commitments to the fund from investors , with another dh300m in advanced negotiations . despite these ambitious efforts , mr giebel said the most important part of deyaar ' s recovery was not the formulation of the strategy .
strategy is always the easy part ,
he said .
the challenge is how do i make the organisation ready to implement the strategy .
the first step the company took was to ease payment plans , he said . this did not solve the problem of defaults , as much as buy the company time to come up with a fuller strategy .
easy payments don ' t solve the problem ,
he said .
they delay the problem .
after this , deyaar started cutting prices of its properties . this made it easier for people who had already bought a home to get a mortgage because their paid - up capital would be higher . it also brought the company ' s properties more in line with the market .
a year ago , deyaar development was in crisis mode . the company ' s former chief executive had just been detained by police on allegations of fraud and the global credit crisis was threatening to overflow into the uae in a serious way . by the time of the cityscape dubai property conference in october , the situation was looking even grimmer , with sales slowing and speculators beginning to flee the market . markus giebel , the chief executive since last august , looked shell - shocked before a crowd of reporters pressing him for details on the company at the time . it turns out he was being quiet for a reason .
the us national has also been accused of dissipating about dh30 million in bribes during his tenure with the company between 2004 and 2007 .
the convict appealed immediately after the verdict was given and the first hearing to be held by the prosecution is scheduled on april 23 .
the dubai criminal court of first instance sentenced zs to 15 years in jail for taking dh20 million as bribe in return for approving contracts with other two companies in the cases dating back to july 2009 .
his accomplices km , 61 , argentinian partner of ambiance technology , and other two fugitives - fl , canadian project manager , and as , british director - general , both of thermo - were sentenced to ten years in jail each after they were found guilty of taking dh10 million in bribes with the help of zs .
the court , however , acquitted them of the charge of using forged documents .
audits of the company’s records and bank accounts of the two managers proved that more than dh30 million was transferred to their private accounts .
a police dog in spain apparently has been trained to perform cpr . in a video of a demonstration posted on facebook by
the new entrance to the sharjah airport was inaugurated on saturday . the ceremony took place in the presence of ali bin
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details on the maintenance of your residential property , lease and tenancy administration , neighborhood amenities and a community activity tracker are also featured on this portal .
please note that these services are currently available for the burlington tower only . we are in the process of implementing the same for our owners association management portfolio .
companies that own , operate , and provide garages and parking space for motor vehicles , as well as companies that offer valet parking services .
companies that develop , operate , manage , lease , sell , broker , appraise , or invest in residential and commercial real estate property holdings ( including free trade zones , industrial parks , special zones , shopping malls , mixed use developments , and others ) .
holding companies that engage in a variety of manufacturing , trading , and / or service industries either directly or indirectly by acquiring other enterprises such that they form a group of companies run as a single organization and under common ownership .
companies that operate and manage commercial and residential properties . management activities include planning and supervising , overseeing rent collection , maintenance , security , housekeeping services , and other managerial tasks . companies may manage properties that the are owned by them or manage properties on behalf of other owners .
companies that provide professional and business - related advice to other organizations . the companies ' activities include analyzing existing problems and suggesting solutions , as well as providing general advisory services , implementation services , product services , transaction services , and support services .
companies that provide various business services to their clients ( including advertising , auctions , business consulting , commercial cleaning , legal , public relations , repair and maintenance , security , translation and interpretation , staffing , survey and statistics , technical and scientific research , fairs and exhibitions , parking facility management ) .
companies that own , operate , and manage entertainment , lodging , travel agencies , tour operators , spas , sports and recreation , as well as other leisure facilities .
holding companies that engage in a variety of industries either directly or indirectly by acquiring other enterprises such that they form a group of companies run as a single organization and under common ownership . conglomerates include organizations with diversified manufacturing , diversified services , diversified trading , and multi - line business activities .
companies that specialize in performing business , consumer , environmental , and other activities for companies , households , or individuals in exchange for fees ; and associations that promote the interests of their members including business and non - business associations or groups .
companies that develop and own commercial and residential real estate properties for sale or rent . the developers generally acquire land for their projects .
companies that manage and operate real estate properties that include residential , commercial , touristic , and mixed - use properties ( also referred to as
facilities management
) . the companies manage tenant leasing / rental contracts , payment collection , subcontracting and supervising of other services such as cleaning and maintenance of the facility . these managed properties exclude free trade zones , industrial parks , special zones , shopping malls , and / or hotel properties .
companies that provide management services on contract or fee basis to lodging businesses . the companies ' activities include planning , supervising and evaluation of operations for owners of hotels , motels , resorts , residential compounds , rooming and boarding , and other lodging facilities .
companies that provide management services on contract or fee basis to leisure - related organizations . the companies ' activities include planning and supervising operation activities and performance for organizations that are involved in entertainment , lodging , sports and recreation , travel and tourism , spas , and other leisure activities .
companies that arrange for the purchase or rental / lease of real estate on a commission or fee basis . the company may represent the buyer or seller in a sale transaction and may represent the landlord or renter / lessee in a rental / lease transaction .
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view the full company profile with details of ownership , investments , and subsidiaries on thomson reuters business development mena .
shariah compliant real estate property investment , development and management ; provides real estate business consultancy and brokerage services . through its main subsidiaries ; provides parking facility and hotel management .
have questions regarding this company profile ? get detailed company information on thomson reuters business development mena .
thomson reuters research team update company information from primary sources ( company annual reports , press releases , company websites , corporate briefings , official statements / interviews ) and reliable secondary sources ( stock markets , reliable third party publications ) .
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in january , we announced a 50 - 50 joint venture with dubai south , called the residential district , to develop a 1 . 27 million square - feet site into a mixed use project comprising residential property , retail and hospitality facilities . dubai south is part of the emerging urban landscape of the uae . located beside the world expo 2020 site and al maktoum international airport , the project is set to become a lively , connected community that reaches across the business , entertainment , tourism and family segments .
this year , we will take to the market two more key developments — mont rose , two residential towers and a hotel apartment in al barsha south , which is on track to be handed over by mid - year ; and the atria , a 32 - storey residential tower and a luxury serviced apartment tower in business bay , which will be handed over by the end of the year .
in midtown , located in dubai production city , we are planning to launch two new phases following the success of afnan district and dania district . midtown now spans a built - up area of 4 . 8 million sq ft , with 13 residential developments offering luxury apartments in an integrated urban community .
we are responding to demand for residential accommodation in the uae , with more than 4 , 700 units built and over 4 , 200 under construction . the uae’s population is rapidly growing , especially in urban areas , and the demand for hospitality is rising as the government intensifies efforts to draw more business and leisure tourists , while preparing to host the world expo .
we know , too , that facilities management and property management are fast - growing business segments as clients outsource work to get the right expertise . our portfolio is diversified because we want to offer customers an end - to - end , value - based , complete real estate experience .
that helps to differentiate us in the market . it is what is helping us to scale , as we adapt our business model for what the market wants .
you had recently announced offering a guaranteed 14 per cent return over two years for units at the atria in business bay . in a sluggish market , are you confident about offering these returns ?
the atria , located in business bay’s busy urban hub , will overlook the dubai water canal . the recurring revenues we will generate from our ownership of the units , as well as the revenue raised by selling the other half to investors , demonstrate a sound business strategy and confidence in the market .
we are planning to grow across the business to attract the interest of global investors in our development projects . new projects are due to come on stream shortly , including dubai south , mont rose , the atria and hotel and serviced apartments in al barsha .
among our key focus areas will be the retention of ownership of developments , such as the millennium & copthorne - operated hotel in al barsha and a 50 per cent stake in the atria , so that we can generate recurring revenues for our business .
similarly , in the residential segment , we have 4 , 200 units under construction as the population continues to increase .
as part of our mixed - use developments , we will provide over 1 million sq ft of hospitality facilities .
you cater to a wider spectrum by offering mid - segment properties , both in the residential and hospitality sectors . would you continue that strategy ?
so , our strong performance is based on the quality of what we sell , as well as our knowledge of what the market is seeking . we will continue to offer a well - diversified product and services portfolio to the market .
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from deep crisis mode a year ago , with its chief executive detained on fraud allegations , the company has made a strong comback .
the so - called default rate is a uae property developer ' s worst nightmare . largely , this is because the construction projects here are being financed entirely by buyer payments as they come in . in some more developed economies , much of property construction is financed by loans to the developer to avoid problems caused by hiccups in demand . without these regular payments from buyers , some developers here have been forced to delay projects and stall construction until they can figure out a way to survive .
the company has created a distressed asset fund that will take over property from buyers who default on their payments . this works especially well because of the recent introduction of law no 9 , which specifies how much a buyer is refunded if they default , based on a sliding scale . for instance , if they have paid 30 per cent , but the project is more than 80 per cent complete , they lose the entire amount . if they have paid 30 per cent and the project has not started construction , they would get a refund of 70 per cent of the money they had paid until that point .
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urltoken
filed on august 30 , 2015 | last updated on august 30 , 2015 at 08 . 16 am
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, a global philanthropic organization that aims to provide children in developing countries with access to quality primary education .
the dubai cares adopt a school initiative aims to provide children and adults living in remote areas in a number of developing countries with access to quality primary education by building new schools . each school is built to host at least 150 students and 60 women . in nepal , the initiative strives to increase school attendance in the western region of the country by 15 to 20 per cent , in addition to increasing adult literacy rates by educating 60 women who did not go to school or receive education .
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recognised for their vision , knowledge and contribution to industry , our directors are one of our most valuable assets . this panel of well - established and powerful entrepreneurs provides us with critical insights into new business opportunities , while empowering and nurturing our leaders of the future to continue our unrivalled track record of growth and development .
there is no glory without the glory of the country and its citizens . we have to be proud of our forefathers , who were able to face the harshness of life with a strong will and dedication to shape a better collective future , ” said late sheikh zayed bin sultan al nahyan , founding father of the uae .
with the blessings of our forefathers and the limitless support of his highness sheikh mohammed bin rashid al maktoum , vice president and prime minister of the uae and ruler of dubai , the magnificent vision of the country’s founder president is a reality today with every sector making strong headway in contributing to economic progress and creating growth opportunities for the wider region .
it is indeed noteworthy that the uae has emerged as a force to reckon within the middle east , establishing itself as a dynamic hub for global commerce that integrates technology and advanced infrastructure to offer an international standard of living . the country is poised to craft an even stronger narrative in the future with dubai gearing up full throttle for the upcoming expo 2020 .
today , we can proudly claim to have established a foothold in the uae’s real estate sector as a leading developer and property solutions provider .
as an organisation , we have adapted to changing conditions and consistently invested in building and managing properties on par with global standards . with the continued support of our investors , shareholders and customers , we plan to create value for the communities we serve . profits are essential but in the long run we prioritise social responsibility backed by performance . we aim to chartthe road ahead through consolidating our strengths in pioneering a company that is cosmopolitan in outlook even while drawing inspiration from the country’s resilient roots .
in keeping with these values , we comply with best practice regulations without ever compromising our investors’ and shareholders’ interests .