Tuesday 8 February 2011 5.42pm
LendLease are talking of 4 possible options re: the shopping centre
1) LL buys shopping centre from St Modwens
2) LL and St M develop it as joint venture
3) St Modwen's develops it
4) Compulsory Purchase supported by the Council
CPO seems the cheapest option for LL to make big profits at The Elephant.
BTW The LL story at the Olympic Village development in Stratford beggars belief.
Strange also because David Higgins, a former LL Managing Director then Chief Exec, became the Chief Executive Designate of the Olympic Delivery Authority from 2005 to late last year. Funny old world.
I wonder how much LL will make at The Elephant?