21Dec90 UK: SIR ROBERT MCALPINE SET TO LOSE HEAVILY OVER FAILURE OF BUTLERS WHARF RESCUE BID.
Sir Robert McAlpine looks set to lose hundreds of thousands of pounds after the collapse of a financial rescue bid to save the Butlers Wharf development in London Docklands.The board of Butlers Wharf had been trying for months to reinforce the prestige offices, leisure and housing scheme.But last week the board admitted defeat and handed the ambitious development on 4.4ha on the bank of the Thames to administrative receivers from Ernst and Young.Midland Bank is the main creditor with ...
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