Lend Lease likely to provide shopping centre finance
Thursday 14 March 2013 8.02pm
http://www.costar.co.uk/en/assets/news/2013/March/Elephant--Castle-mall-sale-hits-housing-hitch/
It looks likely that Lend Lease will provide the finance for developing the shopping centre.
This will be done by buying a stake from the existing owners (St Modwen and Salhia Real Estate). Seems the price will be established when planning is granted to St Modwen for the number of homes that will be built (council want 500, St M want 1000).
My view is that getting finance sorted is positive & the more LL have invested, the quicker they will be at getting on with things.
It looks likely that Lend Lease will provide the finance for developing the shopping centre.
This will be done by buying a stake from the existing owners (St Modwen and Salhia Real Estate). Seems the price will be established when planning is granted to St Modwen for the number of homes that will be built (council want 500, St M want 1000).
My view is that getting finance sorted is positive & the more LL have invested, the quicker they will be at getting on with things.
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