The latest news from the developers is that they are close to completion of their "three-way legal agreements between Lovell, our retail partner Henry Davidson Developments Limited, and the Council" which they say can be completed within a 2/3 week period from the beginning of July.
As soon as that happens, they say "HDDL will be signing up their retail tenants and when 50% of the scheme has been let, the construction work will commence. It is impossible to say how quickly the 50% mark will be achieved although a number of key tenants are already lined up and waiting to sign."
Lovell's current internal programme assumes a late August start but the date will move (either way) depending on the speed of lettings. Meanwhile, they said in a recent email to local residents on the HMRI working group they are "expecting that a pre-contract order will soon be placed with our subcontractor, PN Daly, to bring in electrical supplies to the proposed new substation. If this happens, this will ultimately speed up the delivery of the retail scheme, when building works commence in earnest."
Bruce Lister from Lovell's also said "Please don’t take these comments as ‘promises’ – they represent my best view as things currently stand but are still subject to external factors. Nonetheless, I wanted to share with you where I think we are and where we are going."
Hmmmm.
Well - we'll see.
Let us know what you think.
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