May 1983 Hatfield Tunnel developed in the 1980s as part of a plan to reduce congestion in Hatfield while increasing retail space. The A1(M), a bypass of the old Great North Road from London, was built as a cut and cover tunnel, with The Galleria on top. It was a project of Gerald Carroll's Carroll Group and was budgeted at £50 million but cost £90 million by the time it was finished 18 months late. Carroll refinanced the project and injected £30 million. It opened in 1991 but bankers Samuel Montagu placed the scheme in receivership in 1992. Afterwards, records were found showing the purchase
May 1983 Hatfield Tunnel developed in the 1980s as part of a plan to reduce congestion in Hatfield while increasing retail space. The A1(M), a bypass of the old Great North Road from London, was built as a cut and cover tunnel, with The Galleria on top. It was a project of Gerald Carroll's Carroll Group and was budgeted at £50 million but cost £90 million by the time it was finished 18 months late. Carroll refinanced the project and injected £30 million. It opened in 1991 but bankers Samuel Montagu placed the scheme in receivership in 1992. Afterwards, records were found showing the purchase of bugging equipment and the employment of private detectives to watch the bankers involved. The centre is located 6 miles north of London's orbital motorway, the M25. It is situated on top of the Hatfield Tunnel which houses the A1(M) motorway name: Date: Event: location:
Size: 4950px × 3207px
Location: 83 Woodditton Rd, Newmarket CB8 9JD, UK
Photo credit: © Pete Jenkins / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: 1980s, 6, 18, 1983, 1991, 1992, 2005, a1, bankers, bypass, carroll, cover, cut, galleria, gerald, great, group, hatfield, jersey, land, late, m25, miles, million, montagu, months, motorway, north, receivership, refinanced, road, samuel, securities, tunnel, £30, £50, £90
