@Matt N
$271 million is an obscene spend for land of this size without planning for the intended purpose.
From the info provided by Parkstop, the northernmost part of the land (above Manor Road) last sold for approximately £11 million plus tax in 2017. So I wouldn’t read too much into the wording of that article.
From my own cheeky snoopings, I can tell you that the 3 parcels of land that make up the site were each subject to a different three different ‘dealings’:
- Westernmost parcel - 6 September (application by law firm 1)
- Middle parcel - 7 September (application by law firm 2)
- Part only of the northernmost parcel although it may be most of it - 8 September (application by law firm 1)
This ties in nicely with contracts for the exchange of land taking place at the same take as the takeover of Cloud Wing UK Limited at the end of August.
For what it’s worth, I would recommend that law firm 2 get their confirmation statement in for Cloud Wing UK Limited in pronto…