Wakefield Trinity • Re: cas redevelpment goes to plan B
deeHell wrote:
What's the exact wording of Axium's 106 agreement? Surly no funds will be released until any cast iron agreements have been made with any protentional tenants, even then you would think they have to be occupants of the units? If it's anything like the our timeline with YCP they could be looking at a good 5 years before any funds are available.
The S106 states that no part of the warehouse and distribution development "build" can start until full funds are released, however, my understanding is that doesn't include the groundworks and traffic improvement part of the scheme.
But it would be prudent to presume that Axiom won't release the funds until they have that cost covered by cast iron agreements/contracts with their new tenants.
Statistics: Posted by financialtimes — Tue Feb 20, 2024 7:57 am