Thursday, December 16, 2010

China Gateway update

"The Company is pleased to announce that it has agreed additional funding from Israel Discount Bank (IDB), covering all its existing properties at Manston Business Park, Thanet; Western Heights, Dover; and Farthingloe Great Farm, Dover.

The funding will remain in place until 30th November 2011 on a profit share basis.

The facility will enable the Company to obtain a signed Section 106 agreement on part of the Company's land holding at Manston and conclude the resolution to grant planning."

Well that’s what they have announced, I am a bit mysified about how extra funding can lead to the signing of a 106 agreement.

Further info http://www.michaelsbookshop.com/drink/id36.htm

http://thanetonline.blogspot.com/search/label/China%20Gateway

Plans at http://www.ukplanning.com/thanet ref F/TH/05/1410

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