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| "A house sits awkwardly in the middle of a newly
built road in Wenling, Zhejiang province in China. An elderly couple refused to sign an agreement to allow their house to be demolished. They say that compensation offered is not enough to cover rebuilding costs." Photograph: China Daily/Reuters: The Guardian |
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| The view from a different angle (Link to Hammerson web site) |
"Brent Cross, situated in affluent North West London, enjoys a loyal customer base with 14 million visits per year. Anchored by John Lewis, Marks & Spencer, Fenwick and Waitrose, the centre is regularly the location of choice for international fashion retailers launching in the UK, such as Abercrombie & Fitch’s brand Hollister and Banana Republic.
"Recent lettings include Arsenal Football Club, Schuh, Lola & Grace, Kurt Geiger, Basler, Intimissimi, Calzedonia and Footlocker’s new concept store, Locker Room. Inditex has recently upsized its Zara store and re-geared its lease to introduce its new flagship format. The centre benefits from strong road transport links: it is served by three main arterial routes– the M1,A406 and A41 – three train stations, and a major bus station on site.
"Hammerson and JV partner Standard Life have secured planning consent for a major extension to the centre which includes the Cricklewood development area adjacent to the centre."
| Ownership: | 41% | ||
| JV partner: | Standard Life (59%) | ||
| Property net internal area: | 83,700 m2 | ||
| Key dates: | 1976 developed, 1995 refurbished | ||
| Tenure: | Leasehold | ||
| Principal occupiers: | Fenwick, John Lewis, Marks & Spencer, Waitrose | ||
| Number of tenants: | 115 | ||
| Unexpired lease term to expiry: | 8 years | ||
| Occupancy rate: | 99.5% | ||
| Environmental rating: | ISO 14001 |
| Rent passing: | £18.4 million p.a. |
| Average rent passing: | £1,120 per m2 |
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