Business
Planning Application Submitte
Planning Application Submitte.
About this update from Michelmersh Brick Holdings Plc
[{"type":"text","content":"\n RNS Number : 1225Z Michelmersh Brick Holdings PLC 15 September 2009 \n \n \n \nMichelmersh Brick Holdings plc\n(“Michelmersh”)\n \nDetailed planning application submitted on 16 acres of land at Telford\n \nMichelmersh Brick Holdings plc (AIM: MBH), the specialist brick, land development and landfill company, announces that a detailed planning application for the development of 16 acres of its 85 acres of land at Telford, optioned to Persimmon Homes Ltd (“Persimmon”), one of the UK's leading house builders, under the terms of an agreement entered into in 2005, has been submitted.\n \nUnder the terms of the option, Persimmon has negotiated the scheme of development with the planning authority and engaged in the necessary public consultation.\n \nThe proposal is for the construction of 170 traditional style 2, 3 and 4 bedroom homes, with a total saleable floor area of 148,056 sq ft. The scheme provides for eight of the homes being affordable housing.\n \nIn preparation, Michelmersh has already completed all of the necessary site restoration and preparatory works for an immediate handover on receipt of planning approval.\n \nEric Gadsden, Chairman of Michelmersh, commented: “ A great deal of time, effort and expense has been incurred by Persimmon and ourselves in achieving an outcome that is economically viable in the current climate. This has led to a considerable delay in the project over the past twelve months as there has been protracted negotiation both over S106 contributions and appropriate level of affordable housing. However, Michelmersh and Persimmon are confident that the scheme will now progress to a detailed consent so that development can commence on site in early 2010.“\n \nends\n \nFor further information:\n \n\n\n\n\nMichelmersh Brick Holdings plc:\nMartin Warner, Chief Executive\n\n\n\n01442 870227\n\n\n\n\nCharles Stanley Securities, Nominated Adviser:\nRussell Cook\n\n\n\n020 7149 6000\n\n\n\n\nTavistock Communications:\nJeremy Carey/Gemma Bradley\n\n\n020 7920 3150\n\n\n\n\n \n \n \n \n \n \nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGGMLRKLGLZM \n ","length":7623,"tagName":"div"}]