Wednesday, January 2, 2008

Er, not the best time to sell …

Credit crunch delays £309m Westfield sales

‘It's probably not the best time to sell something and, given that we're not a forced seller, we decided we will take it off the market and deal with it at another time,’ he said. ‘We haven't seen retailer bankruptcy blow out or our vacancies blow out. We've seen a slowing in growth of retail sales since the sub-prime issues came about,’ he added. ‘This is not the first credit crunch, it's not the first volatile market environment that we've been in, and we're in business for the longer term.’ So ... it's time to ride the storm, its official!!

Posted by fahrenheit451 @ 11:24 AM (403 views)
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