"British developer Hammerson strengthened its hand in the long-running battle with Australia's Westfield, by buying a 25 percent stake in a shopping centre that Westfield wants to develop into its third major London mall.
"Hammerson said on Monday it would pay Royal London Asset Management (RLAM) 65 million pounds, for the fund manager's stake in the leasehold of the 42-year-old Whitgift Centre in Croydon, south London."
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| Link to PDF: Sep 2012 Economic Update: "Economist Ian Kernohan on UK growth prospects" [Summary: There aren't any] |
So it's still a toss-up between...
and...
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| "Retailer buys 25 per cent in Croydon shopping centre" Link above to 'Croydon Guardian' David Atkins, Chief Executive of Hammerson, said: "This transaction with Royal London is a key milestone in the development of our plans, and our strategy to deliver a new retail core for Croydon. We are seeking to work collaboratively with all the owners, and other stakeholders, to bring forward this exciting scheme." |
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