Well, the news and outlook are not good for the much publicised tube station.
Indeed, to be fair, prospects are not good for the redevelopment of the Battersea Power Station either. The Guardian is reporting that Real Estate Opportunities, the financier of the project, is suffering from a huge debt of £1.6bn. Their auditors say that there are "material uncertainties" about the future of the business. It's all down, apparently, to the failure of the Irish property market.
It's probably too early to sound the death toll on the Battersea project yet, but the outlook doesn't appear to be bright, and the article acknowledges that the previous owners of the site have not made much headway. Don't look forward too much to the Battersea/Kennington Northern line connection until the economy improves, and even then, another firm might buy the site and change the plans entirely.
Kennington People on Bikes: Kate Hoey MP will attend Vauxhall Cross discussion on 9th December - Kennington People on Bikes: Kate Hoey MP will attend Vauxhall Cross discussion on 9th December Please be advised that the next public meeting of the *Kenni...
8 hours ago