Job watch...

[empip]

Work stops at Bristol developments as firm goes into administration

...Work has stopped on two landmark Bristol buildings after their developer went into administration.

Castlemore Securities has been building the £200 million Temple Quay Central development, which includes a 210,000 sq ft office building known as One Glass Wharf.

The development also includes The Eye, a 13-storey residential tower, as well as cafes and restaurants.

But as reported by the Bristol Post yesterday, the credit crunch forced Midlands-based Castlemore to appoint joint administrators Grant Thornton and PriceWaterhouseCoopers yesterday, putting the jobs of its 100 UK staff at risk.

Castlemore borrowed £89 million from Lloyds TSB in June last year to develop the Temple Quay Central project...

Many more to come - no doubt !

 

[wilhelm]

The major snag, being, they borrowed the money from Lloyds, and guess who is going to pay for it. me and you. as we bail out another bank.

Whilst the developers ride off into the sunset in their BMWs .

 

[Blasphemous]

The major snag, being, they borrowed the money from Lloyds, and guess who is going to pay for it. me and you. as we bail out another bank.

Whilst the developers ride off into the sunset in their BMWs .

And the Bankers in their Bentleys.