AGM Statement21 Sep 2007 19:50
Will receive the balance £200K from the £2.6mns bonus fee, picked up from the Park Street scheme. Steady progess at The Kensington with planning decisions by the end of 07, with the construction of a cinema and apartment scheme during 08. The Lancasters has secured planning permission, featured hoardings will go up around this high profile site. With no signs of a downturn in the global appeal for Central London prime residential property. The credit squeeze is bound to cause concerns, but NTA's brand quality can be maintained. A jewel is the Minerva jv to develope Leinster House Hotel, corner of Lancaster Gate site, currently leased to Westminster City Council, planning application will be submitted for the development of residential apartments in due course.