South London and global capital 3

Another news item on News International (Rupert Murdoch)'s Convoys Wharf in Deptford Deptford:

South London Press: Wharf tower blocks okayed.

And the new, Hong Kong-based, owners celebrate: "Hutchison Whampoa, controlled by tycoon Li Ka-shing, was Wednesday's largest blue chip gainer, jumping 1.9 percent to HK$69.00 after investment bank Goldman Sachs issued a report last week urging investors to buy the stock now. The report said 2005 is likely to mark 'the beginning of the most significant upturn in Hutchison's earnings' since the late 1990s. "

Meanwhile in a parallel universe, as Convoys Opportunity put it, a similar struggle in Brooklyn, with Ikea trying to 'develop' the Red Hook waterfront and 33 stories of glass penthouse on J Street:

Brooklyn | Not Just Nets

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