Search
 

Consortium Details $6B New Town Centre

LONDON-The total development is expected to comprise 14 million sf in Cricklewood, North London.

By Anita Howarth | Updated on November 01, 2006

LONDON-Hammerson, Multiplex and Standard Life Investments have unveiled plans for a euro 6-billion ($7.6-billion) new town centre linking Cricklewood to Brent Cross Shopping Centre in North London. The Brent Cross Cricklewood Development Partners are proposing a 14-million-sf, mixed-use development and hope to lodge a planning application in spring 2007.

Hammerson and Standard Life Investments are already linked through their joint ownership of Brent Cross Shopping Centre, and Hammerson and Multiplex already have a joint venture partnership to regenerate Cricklewood. Last year Multiplex sought to sell 25% of its 50% interest in the Cricklewood regeneration scheme in North London to a consortium of Saudi Arabian businessmen but the deal fell through.

For years, the developers worked on separate proposals for the two sites. Then last year Barnet council agreed a masterplan that would link the two areas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.