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"...Unable to persuade Hammerson to press the button, despite the firm’s investment in terms of eight years of planning, negotiation, utility relocation and land assembly that has cost several millions of pounds, the council said it would look elsewhere. [Actually, south of the North Circular, that applies to the dysfunctional London Borough of Barnet!]
"Hammerson said it was unable to give a firm commitment at this stage because of other priorities across the UK and internationally. It is working on projects in Leeds, Brent Cross in London and Croydon that it believes will generate better returns.
"Announcing its latest financial statement this week, the company reflected on an expensive scheme drawn up pre-recession and pointed to the dominance of Meadowhall." [Westfield]
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