Certainly seems like it. Oakmayne will have had to scrub around for financing I dare say, and the hold up on that site must have cost a bomb. But without it, the whole redevelopment of the shopping centre will be snookered, so it's high time they got moving.
Oakmayne seems to be getting a bit of a hard time of it all round as they have just had their plans for the Recall site on Bermondsey Street rejected for a second time last week. Southwark may want to think closely about the relationship they have with this developer, which I belive is quite widespread over the borough and has gone on for some time, and possibly encourage them to deliver more user firendly schemes which people really want, not just architects (and accountants)fantasies, encouraged by certain misguided planning officers who also seem to think large scale developments are all that any of us want and need.
Hmmmm. Go figure. The Grands Fromages were all over my roof terrace twice this last month, figuring out strategies and layout I dare say (I was just the one with the roof terrace no one told me anything). But it certainly is dragging on.
How much of the 1.5billion can be left of the regeneration budget. This administration is definatly milking it. A scandal,local government at its worse. One delay after the other. The council should be ashamed of its incompetent behaviour.
They will avoid making any major financial commitments until the property market recovers. That puts the heart of the development back 2-3 years by my reckoning. The Council should be honest about this, but I don't suppose it will be.
there are more than one delegations from the mid-east visiting all the major developers at present. they are scouting around for investment partnerships in lieu of traditional means of raising capital.
they have cash and will be getting favourable deals to part with it.