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Shopping Mall Plans,
This was when Australian property firm Lend Lease, which promised to partner the struggling developer (see below), walked away after John Lewis failed to take space.
A joint venture between fund manager Schroders and developer Stanhope wants to build a 1. 8 million sq ft mixed-use scheme designed by Norman Foster. Then the Secretary of State for Communities is to decide whether to give Croydon council a compulsory purchase order to let it buy the land, or to give the Schroders and Stanhope team the go-ahead.
The business run by chief executive Hasan owns two very large holes in the ground in the City; one near the Mansion House, where a 410,000 sq ft office is planned; the second even larger hole near Aldgate, where 510,000 sq ft of space is being built. Minerva also seems to be suffering bad luck on its one million sq ft Park Place retail centre in Croydon now that hopedfor anchor tenant John Lewis has wandered away. About the right time to announce you have £100 million of oil money to spend.