Showing posts with label chinese. Show all posts
Showing posts with label chinese. Show all posts

Sunday, 14 October 2012

Hackney's development is not just a local concern

According to an article in the Financial Times Hackney Council is "teaming up with landlords, architects and property developers to mastermind a 'fashion hub'..." building on the success of the Burberry factory outlet in Chatham Place.

The target, it seems, is Chinese cash. The article said many of the 600,000 shoppers per year who visit the Burberry store are Asian. But Councillor Guy Nicholson, Hackney council cabinet member for regeneration said: "Pretty much none of those visitors remain and start to engage in the local economy in any way."