UK: Sainsbury shelves twin towers plan for London after terror in New York
British retail J Sainsbury revealed that its plans for a £125m (US$181.2m) NY-style "twin towers" development at Nine Elms have been shelved, because it would be "insensitive" to continue in the light of last month's terrorist attacks on the World Trade Center. Company CEO Sir Peter Davis unveiled the plans for two 40-storey towers, including 282 residential apartments, a hotel, restaurants and a health club, about a year ago. They were to stand next to one of the group's largest UK superstores in a central London location, next to the old Battersea power station, and the plans were perceived as an important means of regenerating the area.
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