Permission granted.
Scheme goes no further due to recession, amongst
other reasons.
June 1995
Schroder Property
Investment Management brought in to advise
MEC.
July 1995
Greycoat and Park
Tower acquires Paternoster from Cisneros.
Aug 1995
Stanhope and Schroder
advise MEC to buy out Greycoat and Park Tower
Realty. Farrell scheme discarded due to failure
to meet needs of the market and megastructure
design.
Oct 1995
MEC finalises buying
out Greycoat and Park Tower Realty.
Feb 1996
William Whitfield
appointed as masterplanner.
July 1996
Masterplan review
by William Whitfield, Stanhope and Schroders
completed.
