The developers of the 'trash what's left of Georgian London' project will be recognised later this morning for their 'class leading' experiment in subterranean car parking (with special recognition for a complete lack of community engagement), now officially designated "Xanadu" ("in Kentish Town, did PTP, a gated community erect*")

The award, rumoured to be presented just before noon today by no less a person than US President Barack Obama in an internationally televised spectacular, will not be the first that PTP have won, but is the first that makes it clear that sheer doggedness in the face of unremittingly intractable and financially loopy circumstances should not go unrewarded.

"Above all else, ignoring the people who live near such a major badly-thought out project for a minimum of eight years guarantees any successive owner of the site a continuing headache". To quote the judges "You can bend the system all you like, but you can't change the laws of physics. Good try!"

For further information, read the rest of the site. That's all too real.

*bit short of cash though, so not yet. If you could bail them out with a loan or equity share, any terms considered - really, this mortgage is killing them and the payback looks less credible every day. Have you any idea how much these units would have to sell for. No way!

Oh yeah, look at the date.