Doubts cast over Collective deal after change of Newham mayor

The Collective Old Oak

The future of Red Door Venture’s £120m purchase of the Collective’s scheme at Old Oak is uncertain after a change of leadership in Newham Council, parent of the PRS development company.

The future of Red Door Venture’s £120m purchase of the Collective’s scheme at Old Oak is uncertain after a change of leadership in Newham Council, parent of the PRS development company.

The acquisition was originally announced in December but completion is now in doubt after a change of mayor within Newham Council from the Labour party’s Sir Robin Wales, to Rokhsana Fiaz.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now