But development is being delayed by infighting between membersof the consortium selected by landowner London & ContinentalRailways over who owns the development rights to the 170-acre site.The consortium comprises Stanhope, Westfield and David and SimonReuben's Aldersgate vehicle. They control 50% with the rest dividedbetween Stanhope and Westfield.

An auction was eventually agreed, where the highest biddingpartner would buy the others out. But LCR officials have servednotice and are drawing up a list of potential partners. Theconsortium has until next month to resolve its differences beforethe contract goes out to tender.

Stanhope's agreement to sell is a crucial step in the talks. Thegroup declined to comment but sources close to the discussion saythat a contract has been drawn up stating that the stake will besold to whoever takes control of the project.