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Hammerson in London shopping centre battle

Link to Daily Telegraph
(picture is of Meadowhall, Sheffield
OK. It's irrelevant.)

"... Meanwhile, the owners of the Whitgift shopping centre in Croydon will this week identify their preferred partner for a major development of the centre. Whitgift Foundation, the owner of the freehold, said last year it would work with Westfield to develop the site.

"However, the leasehold owners may find their own development partner, and have shortlisted Grosvenor, Lend Lease, Hammerson and Westfield.

"If the leasehold owners choose a partner other than Westfield, then it threatens a major row over the future of the site, which is seen as one of the most lucrative retail development prospects in London."

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