Business
Disposal update
Disposal update.
About this update from Caffyns Plc
[{"type":"text","content":"\n \nRNS Number : 3455I Caffyns PLC 13 June 2011 \n \n\nCaffyns plc\n \nPROPERTY DISPOSAL UPDATE\n \nOn 22 March 2011 Caffyns plc (\"the Company\") announced that it had exchanged contracts with Shell Trust (UK Property) Limited (\"Shell\") for the sale of its vacant freehold site at Preston Road, Brighton conditional upon a lease being granted by the Company to Sainsbury's Supermarkets Limited (\"Sainsbury's\") by 20 June 2011 (the \"Condition\"). \n \nOn 28 April 2011 the Company announced that the planning application had been refused by Brighton and Hove City Council (\"the Council\"), and that it would therefore not be possible to grant a lease to Sainsbury's by 20 June 2011. \n \nThe Company announces that the date for satisfying the Condition has now been extended to 30 September 2011 pending a potential appeal of the Council's decision by Sainsbury's. \n \n \n \n13 June 2011\n \n \nEnquiries:\n \nSimon Caffyn\nChief Executive\n \nMark Harrison\nFinance Director\n \nTelephone: 01323 730201\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISBSGDLCBBBGBX \n ","length":2558,"tagName":"div"}]