Tuesday, August 5, 2008

But will it ever happen?


This photograph was taken earlier in 2008.
The site remains untouched by shovel or pick in August.

Realistic prospect or speculative investment?

The signs have been up for some while. Ambitious plans to build "environmental offices" over part of a former car showroom adjacent to the Battlefield alias City Stadium open space do not seem to be progressing at time of this posting.

Each day there is more gloom from the property front. Costs too are rising. Against this background of financial uncertainty the decisions investors make (or have made) will need revision.

While some would say it is already over supplied with empty offices, some brand new, others old, redundant and in need of modernisation, Newcastle needs still more office space apparently.

But will it ever happen?

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