Collective deal doubt

The change of Mayor in Newham may block the sale of the Collective, at Old Oak, to Red Door Ventures, it is reported.

The sale of the building, a co-live/co-work development, was agreed in late 2017, to Newham-owned Red Door Ventures. However, since incumbernt Mayor Sir Robin Wales was deselected in March 2018, there is uncertainty over the deal, and the owners are said to be looking at other options.

THe likely new Mayor of Newham is the Labour candidate, Rokhsana Fiaz.

 

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