Highbury Square

[supergeorgegraham]

If I won the lottery I would love to own an apartment here. Am I right in saying that this development was sold off cheaply and didnt create anywhere near the amount we thought it would.
I have just read an article from 2009 which states we did sell the north bank area for a 20 percent reduction. Does anyone know if these flats would be a good investment or if Arsenal made a decent profit on them.
I know very little but I am interested to find out what the outcome was from our amazing Highbury.

[richpye]

I am led to believe we essentially broke even on Highbury Square.
However, in all fairness, this was as a result of the global property crash more than any negligence on the clubs behalf.
The likes of USMartin said there was an option to sell the development upfront, but that was working with the benefit of hindsight and had the property market not crashed we would have made significantly less cash

[QuartzGooner]

Am I right in saying that this development was sold off cheaply and didnt create anywhere near the amount we thought it would.

How's life in Connecticut?

Made profit but credit crunch meant it was less than hoped for.

[BournemouthRED]

I knew someone who rented a 2 bedroom flat at highbury square and to be fair it was amazing!!! Was it true that when you bought one in the initial sale it gave you the right to buy a season ticket and Jump the waiting list?

[mcdowell42]

I knew someone who rented a 2 bedroom flat at highbury square and to be fair it was amazing!!! Was it true that when you bought one in the initial sale it gave you the right to buy a season ticket and Jump the waiting list?

I read that somewhere aswell if you bought an appartment there was a season ticket thrown in as part of the sale

[I Hate Hleb]

I seem to remember that was indeed the case, such was their desperation to sell the flats!!

[clockender1]

wasnt the cheapest flat about 350 grand though ?

I think the club overestimated how many 'new' fans would want to live at Arsenal, and wildly underestimated the power of negative branding amongst men - i don't buy/use Sharp, Thomson, Vodafone, Hewlett Packard, and i don't believe that mancs, scousers, spuds, chavs, hammers fans will buy a flat at Arsenal even if the pykies could afford it.


I've always dreamed that if i won the lottery i'd buy the spuds through a holding company, close it down, pave over the pitch at the lane and turn it into a carpark.

I am not without sympathy for the afflicted though. so every saturday, i'd open the gates for the spuds faithful and release eleven laxative dosed alsatians onto the tarmac.

that way, they could still watch shit for ninety minutes every week.

plus some of them might get bitten.

I care me, you can tell.

[BournemouthRED]

wasnt the cheapest flat about 350 grand though ?

I think the club overestimated how many 'new' fans would want to live at Arsenal, and wildly underestimated the power of negative branding amongst men - i don't buy/use Sharp, Thomson, Vodafone, Hewlett Packard, and i don't believe that mancs, scousers, spuds, chavs, hammers fans will buy a flat at Arsenal even if the pykies could afford it.


I've always dreamed that if i won the lottery i'd buy the spuds through a holding company, close it down, pave over the pitch at the lane and turn it into a carpark.

I am not without sympathy for the afflicted though. so every saturday, i'd open the gates for the spuds faithful and release eleven laxative dosed alsatians onto the tarmac.

that way, they could still watch shit for ninety minutes every week.

plus some of them might get bitten.

I care me, you can tell.