Targetfellow

• Terry Nunn

  • Location: London Road, Dover
  • Registered: 12 Mar 2008
  • Posts: 4,321
  3 November 2010     07:3878207
  #1      
  Spotted this in the Times just now:-
  

  

  
  
  Perhaps Bond City will buy it, demolish Charlton Centre, put a hoarding round it and tell us that Sainsbury's are coming back, eventually.
  
  Terry
  Quis custodiet ipsos custodes?
• Guest 653

  • Registered: 13 Mar 2008
  • Posts: 10,540
  3 November 2010     09:0078223
  #2      
  Doesn't bode well for the Charlton Centre does it ?
  
  I doubt if their financial problems were caused by the millions they have (not) poured into it. Or maybe they have ?
  
  
  
  
  Roger
• Terry Nunn

  • Location: London Road, Dover
  • Registered: 12 Mar 2008
  • Posts: 4,321
  3 November 2010     09:0878224
  #3      
  They also have Centre Point in their portfolio, I seem to remember that was an empty white elephant for years.
  
  Terry
  Quis custodiet ipsos custodes?
• Guest 659

  • Registered: 13 Mar 2008
  • Posts: 331
  3 November 2010     12:2278260
  #4      
  Apparently this only applies to one division of the company and not the part which owns Chalton shopping centre.
  Administrators are Deloitte.
  A statement says: "Deloitte is working closely with all stakeholders to support the ongoing management of the properties. This is a holding company appointment only, and the property owning companies continue to trade as normal. Arrangements are being made for the continuation of all property management services on an ongoing basis, and we expect no interruption to services for tenants."
• Terry Nunn

  • Location: London Road, Dover
  • Registered: 12 Mar 2008
  • Posts: 4,321
  3 November 2010     12:2678261
  #5      
  I knew someone would look deeper into it, thanks Kathy.
  
  Terry
  Quis custodiet ipsos custodes?
• Ross Miller

  • Location: London Road, Dover
  • Registered: 17 Sep 2008
  • Posts: 3,709
  3 November 2010     14:3978277
  #6      
  Having said that whilst they may not be formally in administration, the ultimate fate of these companies will depend on the corporate structure; look at what happened to Connaught and its operating companies.
  "Dream as if you'll live forever. Live as if you'll die today." - James Dean
  
  "Being deeply loved by someone gives you strength,
  While loving someone deeply gives you courage" - Laozi