Henderson’s London Smithfield Development Blocked by Govt
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Henderson Global Investors Ltd.’s plan to rebuild part of London’s Smithfield Market was blocked by U.K. Communities Secretary Eric Pickles, the final arbiter on planning decisions, for failing to adequately protect the 140-year-old property.
The 160 million-pound ($274 million) plan to demolish parts of the market’s buildings to construct offices and shops was “wholly unacceptable,” according to a statement today by the government.