Thursday, June 14, 2007

Oriental City - Settlement Announced

Good news, the shopping mall in North London will continue to serve up lo pak ko alongside ramen noodles and roti canai until June 2008.

Laurence Martin – Development director of Development Securities said, “Following five months of discussions with tenants involving the GLA and Brent, we’re pleased to have reached an agreement to move forward and redevelopment an exciting new OC.....We recognise that it is not possible to temporarily relocate tenants during redevelopment and because of this there is a period of uncertainty for the tenants. Therefore, we have agreed a clear timetable for close down of the package of measures including rent free from now until closure to provide assistance to tenants.”

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