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Britain's worst property developer Hammerson stays out of the jaws of Westfield by merging with Intu

Link to Daily Telegraph

"Hammerson has agreed to acquire fellow retail property giant Intu, in an all-share deal that would create a company with assets of more than £21bn.

"Hammerson chief executive David Atkins said:
"The acquisition creates a leading pan-European platform of desirable retail and leisure destinations which are better positioned to serve the needs of our retailers, excite our customers and support our partners and communities.

Sure, our Brent Cross development masterplanners admitted at the public local inquiry last year that it had not consulted the public once in the last 15 years, but hey ho, that's the cut and thrust of business, and the public can go hang."
[He didn't say that last sentence. Although he could have done.]

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