Tenants at Westfield London are reported to be angry about unexpectedly high costs of opening at the new centre.
Both Estates Gazette and the Financial Times report service charges at £14/sq ft, as opposed to the expected £8, and fit-out costs around 25% higher than other shopping centres.
Central London service charges are £11-12/sq ft, so while £14 isn't excessively high, it's higher than tenants say they were led to believe, which will cause them a budgeting problem at a time in the economic cycle when they could do without it.
