Thursday, 16 December 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

3 comments:

  1. Michael
    Another mystery then. And I note that the funding is only for one year

    ReplyDelete
  2. Andrew I have put a couple of links up on the post with a bit of background info, the main problems relate to protecting Thanet’s water supply, both in terms of potential contamination risks and reducing the area of ground available for replenishment by rainfall.

    ReplyDelete
  3. Thanks, I'll have a proper look tomorrow

    ReplyDelete

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