Topic: | Re:Re:Re:The End of Fortress Lampton ? | |
Posted by: | Francis Rowe | |
Date/Time: | 13/10/14 10:17:00 |
This perhaps explains the timing of all that Brentford Golden Mile PR guff - it was a smokescreen for this somewhat embarrassing revelation. Although the £60 million seems preposterously high I saw recently that Brent's new HQ cost £90 million so perhaps it is not that bad. Also as long a they can fix the interest rates at which they borrow and they are not overleveraged it probably makes sense from a cash flow point of view i.e. the savings will outweigh the interest payments. On the other hand, why not just sell the centre to a commercial landlord and rent back the space they need? |