Accrington Web - View Single Post - Arndale Centre Sell-Off

Acrylic-bob · 31-07-2005, 11:10

The Idiot-in-Cheif has displayed his self- professed lack of business acumen by declaring the sale a vote of confidence in the town. Does he not know that the aquisition of this asset has nothing to do with the success or otherwise of Accrington Town Centre as a retailing opportunity and everything to do with remote speculation on the rise of UK property prices. UBS will keep hold of the asset for a couple of years and sell it on again, hoping that in the meantime the relentless rise of UK property prices will generate 10-15 million in profit for them while they sit on their pricey fat Swiss arses.

31-07-2005, 11:10	#9
Acrylic-bob God Member Join Date: May 2004 Location: Tragic Conn Posts: 4,007 Blog Entries: 15 Liked: 3 times Rep Power: 2473	Re: Arndale Centre Sell-Off The Idiot-in-Cheif has displayed his self- professed lack of business acumen by declaring the sale a vote of confidence in the town. Does he not know that the aquisition of this asset has nothing to do with the success or otherwise of Accrington Town Centre as a retailing opportunity and everything to do with remote speculation on the rise of UK property prices. UBS will keep hold of the asset for a couple of years and sell it on again, hoping that in the meantime the relentless rise of UK property prices will generate 10-15 million in profit for them while they sit on their pricey fat Swiss arses. __________________ Enough is ENOUGH Get Britain out of Europe Last edited by Acrylic-bob; 31-07-2005 at 11:12.