Alternative station designs (Bedford is to the left, St Pancras to the right)
November 2018: Brent Cross West station:
'reserved matters application'.
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"Shopping centre owner Hammerson, owner of Brent Cross, has reported millions of pounds in losses, and says it will sell off some of its investments to pay off its debt worth over £3 billion.
"In July 2018, the company said it would be selling £1.1 billion of its investments, properties and estates over a two-year period.
"The news has been met with some trepidation as people fear the losses and the selling off of assets may harm Brent Cross or people's jobs."
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Just Fancy That
"Shopping centre owner Hammerson has been accused of understating its true debt position through creative accounting. Hammerson has kept its headline loan-to-value (LTV) - the ratio of its debts to its assets - below its self-imposed 40% limit by accounting for its retail outlets business, which includes the popular Bicester Village, in a way that is the most flattering, rather than most appropriate, according to Barclays analyst Paul May." - Sunday Times
"Struggling shopping centre owner Hammerson is attempting to fill empty space by playing the traditional role of department stores, renting out concessions direct to small brands. With House of Fraser, Debenhams and even John Lewis under pressure, the owner of the Bullring in Birmingham and Brent Cross in London is faced with unoccupied property and so is seeking to assemble its own collection of fashion, beauty and food concessions on floors formerly used by department stores." - Sunday Telegraph
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"The problem is, these centres are run by investors who have a short-term approach and haven't the skill-sets or investments to embrace the kind of changes required. There needs to be a joint venture created with local communities to fix the problem."