There could be a rise in the number of people with jobs in town planning if developments are made to a London shopping centre after an investment company bought it last week.
LaSalle Investment Management revealed that it has signed a £53 million deal to purchase the Arena Shopping Park in Haringey, north London.
The facility is spread over 10,700 square metres and has restaurant establishments, as well as retail shops.
Fund manager of the LaSalle Investment Management Richard Debney said: "The acquisition … reflects our belief that high quality retail space located in sought-after locations will continue to outperform the wider market in spite of the obvious pressures of the economic downturn."
This comes after the firm teamed up with William Peers Group to purchase the Notting Hill Estate in the capital from Land Securities and Delancey in October 2010, which could provide further opportunities for people with town planning jobs to begin work on a project.
Posted by Marc Casey
