Grange Site Redvelopment
Chichester DC provided this response on 8 October 2021:
1. Was a timescale imposed on Montpelier for work to be started?
The contract with Montpelier contains a longstop date by which the contract is to become unconditional and the sale completed.
2. Was the land sold to Montpelier; is the deal subject to planning consent; or do they just have an option to buy?
Contracts have been exchanged with Montpelier for the purchase of the land; completion of the contract is conditional upon them securing planning permission.
3. Has CDC received cash from Montpelier?
The contract with Montpelier is conditional upon planning permission; as such payment for the purchase of the land will be made when the contract becomes unconditional.