[Reposted] Out-of-Date Up-to-Date Information from 'Drivers, Jonas, Deloitte' (also known as 'Stronger, Faster, Higher'*)

"Brent Cross Cricklewood

Key details"

Borough:

"Barnet"

[Yes, that is absolutely true. Well known for the 'Five Bloggers'.]

Developer:

"Hammerson, Standard Life Investments and Brookfield Europe (Multiplex) - the Brent Cross Development"

[It tails off then. And including 'Brookfield' is two years out-of-date!]

Scheme mix:

"Total residential units: 7,323"

[Don't be too sure.]

Status and market commentary:

"Planning and construction status: Proposal or allocation"
"Projected programme: 2011-2031" [Ho, ho, ho!]
"Sales status: Unlaunched" [We'll bet!]
"£1 billion S106 package" [Not now there isn't!]

---

* "Drivers Jonas Deloitte is a trading name of Deloitte LLP, the official professional services provider to the London 2012 games."

Its web site reports:

"London residential activity"

"DJD's latest 'London Residential Crane Survey' has recorded a sharp decline in the number of new housing developments starting in the capital."

"... Anthony Duggan, head of research, Drivers Jonas Deloitte, said:

"While schemes started in the more buoyant 2010/11 period are now progressing through to delivery, meaning current completion levels are looking more healthy, this latest research shows a clear decline in the number of new schemes starting. While it is too early to call this slowdown in new activity a clear trend, it does reflect the unease in the wider London residential market.

Our data shows that developers are focussing their activity on the more resilient Inner London areas, which is indicative of rising caution with regard to the health of domestic buyers, and also the continued confidence in the prime markets and overseas buyers."

---

Link to HOME (see all posts).