Business
Property Disposals
Property Disposals.
About this update from Caffyns Plc
[{"type":"text","content":"\n RNS Number : 9339B Caffyns PLC 22 August 2008 \n \nCaffyns plc\n22 August 2008\n\n\nPROPERTY DISPOSALS\n\n\nCaffyns plc ('the Company') \n\nOn 22 June 2007 the Company announced that it had exchanged contracts for the sale of its vacant freehold site in Hove, East Sussex with Banner Homes (Wessex) Limited ('Banner') conditional upon a satisfactory planning permission being granted. The planning application for 900 square metres of office space and 40 residential units was refused, primarily on the basis of the density of the development, and an appeal was lodged. Following a detailed assessment of the likely success of an appeal against the refusal, the appeal has been withdrawn by Banner and the contract has been terminated. This site is now being re-marketed for sale.\n\nOn 19 November 2007 the Company announced that it had exchanged contracts for the sale of its vacant freehold site in East Grinstead, West Sussex with Alburn (Minos) Limited ('Alburn') conditional upon a satisfactory planning permission being granted. A planning permission has not been granted within the timescale laid down in the contract and the contract has now been terminated by Alburn. The Company is continuing to pursue the planning application with the local authority for retail use of 1,500 square metres together with 28 residential units and is seeking an alternative purchaser for the site.\n\n\n\n\n\n\nEnquiries:\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nCaffyns \n\n\nTel: 01323 730201\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nSimon Caffyn\n\n\nChief Executive\n\n\n \n\n\n \n\n\n\n\nMark Harrison\n\n\nFinance Director \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nHeadLand Consultancy\n\n\nTel: 0207 367 5222\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nHoward Lee\n\n\n \n\n\n \n\n\n \n\n\n\n\nTom Gough\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n&n...