http://www.businessweek.com/news/2011-03-22/westfield-doubles-london-bets-with-europe-s-largest-urban-mall.html
Extract from article below -
“We see two completely separate markets,” Peter Lowy, one of Sydney-based Westfield’s joint managing directors, said in an interview. “There’s strength in London and much less strength in the rest of the country.
“It’s easily within commuting distance” for financial- district workers and residents of Essex and east London, said Matthew Churstain, a Peel Hunt analyst based in the capital. “If you’ve got an hour for lunch and you can get there in five to 10 minutes, you can spend 30 minutes looking around the mall and hop back on the tube.”
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Give it 3 -5 years and they will wake up from their dream!!!!!
Extract from article below -
“We see two completely separate markets,” Peter Lowy, one of Sydney-based Westfield’s joint managing directors, said in an interview. “There’s strength in London and much less strength in the rest of the country.
“It’s easily within commuting distance” for financial- district workers and residents of Essex and east London, said Matthew Churstain, a Peel Hunt analyst based in the capital. “If you’ve got an hour for lunch and you can get there in five to 10 minutes, you can spend 30 minutes looking around the mall and hop back on the tube.”
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Give it 3 -5 years and they will wake up from their dream!!!!!
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