In brief: Allied London and other stuff
Allied London , developers of the Brunswick Centre and endurers of a "rollercoaster of strategy shifts and ownership changes" over the last decade, are set to start acquiring new city centre sites in London with a new restructure that sees Allied's management retain a 20% stake, with Delancey and RBS taking 40% each. Quite big news - Delancey see it as forming a vehicle similar to the retail venture they have going with Centros Miller. They want to do big masterplan-able sites, mixed-use, medium-term. Ashford are working on plans to establish the UK’s first financial institution to fund the development of local infrastructure. The £1bn Omega Warrington development finally gets planning permission, after all the objectors got too tired to carry on fighting. Omega Warrington is a JV between RBS, EP and Miller. The first two phases include industrial and distribution space to the north of the site and office accommodation to the south. The south site will also feature compli...