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.
YOUNG & CO.’S BREWERY, P.L.C. PRELIMINARY RESULTS FOR THE 52 WEEKS ENDED 30 MARCH 2015 - Final Results (Young & Co's Brewery plc) In the summer we acquired the Fox & Anchor pub and hotel in Smithfield Market and the White Bear in *Kennington* ....
1 day ago