p.2 East India Estate monitoring
The program of major works has commenced but due to the withdrawal of the planning application in September 2008 new build elements of the scheme will be delayed. The impact of the financial downturn is also having an impact on the deliverability of certain aspects of the scheme due to provide the required cross subsidy. Poplar Harca are currently looking at alternative solutions and funding models to try and achieve the promises made in the offer document.
The amounts spent on general improvements to East India Estate amounts to some £4,570,574. The total amount of the investment proposal for the East India estate is £45,000,000 over a six year period
The impact of the financial downturn is also having an impact on the deliverability of certain aspects of the scheme due to provide the required cross subsidy. Poplar Harca are currently looking at alternative solutions and funding models to try and achieve the promises made in the offer document.