Press release from IMS Bertie has already covered this in considerable detail on Thanet Strife (link on sidebar) but I thought I should put it up to add support.
Commercial Group Properties don’t exactly seem to be going out of their way to win friends and influence people, if you had invested £100 in their shares a year ago today it would now be worth less than £20, I wonder how much of this is due to their failure to engage with local people.
If you look at the stock exchanger site http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB00B1P70L34GBGBXAIM%20B1P70L3CMGP you can see this doesn’t have much to do with the recession, I put it down to badly thought out plans for their development here.
I also noticed in today’s Your Thanet Roger Latchford’s interview, in which he mentions all of the major regeneration and renewal projects with the notable omission of china Gateway, which I thought interesting.
11 Grosvenor Rd, Broadstairs CT10 2BT
Tel 01843 604 253
DEVELOPER ACCUSED OF SHOW OF POWER
Developers behind the controversial China Gateway project have been accused of a “show of power” and “bullying” by people living near the site of the proposed development.
The development company, Commercial Group Properties, have
fenced off part of the road verge near Pouces Cottages with barbed wire – going to the legal limit of their newly acquired land for China Gateway and making parking impossible for local people.
Amy Murray of Pouces Cottages said: “It’s made it very hazardous for pedestrians and other road users, and made parking impossible for visitors to the cottages.”
“It is their land, I understand that, but this is just a show of power.”
Local people believe the fence has been erected to “punish” them for campaigning against China Gateway, a proposal to build a huge warehousing complex for Chinese electronic goods on farmland in Manston.
CGP received planning permission for phase one of the China Gateway project on October 9th, and a CGP employee has told local people that the application for phases two and three of China Gateway, both on grade one farmland, is going in early in the New Year.
But Amy said that if the developers are trying to warn them off campaigning against the new application, they’re wrong.
She said: “It’s made the residents even more determined. We might be the little people in all this but we won’t be walked over. This is a show of power by CGP but we won’t be intimidated.”
CGP’s tactics and the campaign to stop the developers will be discussed at an “emergency environmental” meeting in Ramsgate at 7.30pm on Friday December 12th at St George’s Hall, Broad Street. Key speaker will be Caroline Lucas, leader of the Green Party and Member of the European Parliament for Kent.
For more information ring Christine Tongue of IMS on 01843 604253 or email Amy Murray on Amkiky@aol.com