Exhibition Peninsula Site Purchase
It has been announced that English Partnerships, a Government
agency which has responsibility for encouraging urban regeneration,
has reached agreement over the purchase, for £20 million, of the
entire 294 acre British Gas site on the Greenwich Peninsula after
completion of the Millennium Exhibition. This includes the 130 acres
which will form the Exhibition site itself. British Gas will receive
7.5% of future sales receipts as and when the site is sold on.
Barry Hartop, previous Chief Executive of Millennium Central, the
Exhibition operating company, said that the deal was good news for
the Project as "single ownership of the site makes negotiations and
construction easier and will allow us to proceed according to
schedule".
Sources: News Shopper, 30/11/96.
David Riddle, Computer Services
e-Mail: dpr@gold.ac.uk or
0207 919 7546