LXB Retail Properties Plc Rushden Lakes update (4500W)
February 09 2017 - 3:50AM
UK Regulatory
TIDMLXB
RNS Number : 4500W
LXB Retail Properties Plc
09 February 2017
9 February 2017
LXB RETAIL PROPERTIES PLC
(the "Company" or the "Group")
Rushden Lakes update
LXB Retail Properties Plc, the Jersey resident closed-ended real
estate investment company focused on edge of town and out of town
retail assets, is pleased to report that yesterday evening the
Planning Committee of East Northamptonshire Council voted
unanimously to approve the Group's application for a revised and
enhanced development at Rushden Lakes.
Following that approval, owing to the scale of the proposed
development, the matter must now be referred to the Secretary of
State for Communities and Local Government to consider whether to
"call in" the application. If the Secretary of State does not wish
to review the decision, the planning permission will be issued upon
the signing of a section 106 agreement.
A further announcement will be made as and when appropriate.
The Company can also confirm that the sale of Neats Court Retail
Park which was announced on 23 December 2016 completed as scheduled
on 25 January 2017.
The Board is to meet in March 2017 following which a further
announcement will be made on progress in delivering the mandate to
realise cash from the Group's portfolio of investments.
For further information please contact:
LXB Adviser LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000
Bronson Albery/Paul Hewlett
Buchanan Tel: 020 7466 5000
Charles Ryland/Victoria Hayns/Patrick Hanrahan
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCTLMLTMBIMMJR
(END) Dow Jones Newswires
February 09, 2017 04:50 ET (09:50 GMT)
Lxb Retail Properties (LSE:LXB)
Historical Stock Chart
From Apr 2024 to May 2024
Lxb Retail Properties (LSE:LXB)
Historical Stock Chart
From May 2023 to May 2024