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Left: Phase One, cherry-picked sites by Hammerson.
Right: Later Unsustainable Phases, after Hammerson has gone.
(Link to Movehut web site) |
"The three-way partnership behind the Brent Cross Cricklewood regeneration project say they are still searching for new investors despite a ministerial decision to delay the calling in of revised plans for the multi-billion pound north-west London scheme. [Hammerson just wants to clear off. The transport assessment is only tested later!]
"Brent Cross Shopping Centre owners Hammerson and Standard Life and Barnet Borough Council are looking for a new lead investor to help deliver the £4bn Cricklewood project and turn the area into a 'thriving town centre'. The ongoing project is expected to span two decades and will include retail and other commercial space alongside 7,550 new homes. [Now 10,000 are mentioned. Grid-locked roads!]
"It is believed the partnership has already been approached by several large corporate funds, one from overseas. The process of selecting a new backer will start in summer 2014, with site work getting underway by early 2015. [Welcome to the Corrupt London Borough of Barnet.]
" 'This initial stage will provide valuable feedback as we continue to finalise our requirements and ensure we are attracting the strongest field of partners possible,' said council leader, Richard Cornelius. 'With the London property market showing strong signs of recovery, this is the perfect time for the council to attract significant investment into Barnet.' [Barnet has a PR department.]
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