There have been five prime ministers since plans to extend Brent Cross shopping centre in North London were mooted, according to Peter Cole of Hammerson, joint owner with Standard Life Investments. He says the challenge now is to get on site before there is another change.
Enabling works on the £1.4bn scheme, which will see the centre double in size to 2m sq ft, are set to start at the end of the year. But given the political climate post-General Election, whether that is before or after a change of prime minister is up for debate.
It may sound like a jokey comment, but it serves to demonstrate the need for a long term, pragmatic view when undertaking a major regeneration project, delegates heard at LREF.
Listen to Cole and other experts speaking about progress on one of the largest regeneration projects in Europe.
The panel:
David Partridge, Joint CEO of Argent Related and Managing Partner of Argent Related
Cath Shaw, Deputy Chief Executive, LB Barnet
Stephen McDonald, Director of Place, Re
Stewart Murray, Head of Development Group, GL Hearn
Peter Cole, Chief Investment Officer, Hammerson
Catherine Staniland, Director, NLA