Re: Pont & Cas exclusive : Thu Mar 24, 2011 7:21 am  

http://www.castigers.com/article.php?id=1353

http://www.castigers.com/article.php?id=1353

Re: Pont & Cas exclusive : Thu Mar 24, 2011 8:05 am  

its the year of the TIGER... we should all and and give the ceo the and say to wheldon road and wakey

Re: Pont & Cas exclusive : Thu Mar 24, 2011 9:12 am  

You have to applaud the club's determination in attempting to secure the best price for it's current assets and RW's honesty in explaining why the build has been delayed. If a slight delay means having the whole stadium built in one phase, I think that's a positive thing.

My interpretation on the article is that they're actively in the process of seeking planning approval for the scheme and that the agreement with the buyer is already in place, and presumably subject to the scheme being approved by the council.

Good news and hopefully this will move quite quickly now it's been announced.

Re: Pont & Cas exclusive : Thu Mar 24, 2011 9:20 am  

Fully wrote:

http://www.castigers.com/article.php?id=1353

Good news.

To give people the background to this type of deal Opus are looking to develop the site as a developer shell supermarket scheme. As such, they effectively will do a deal with a Supermarket (and they will talk to several) to develop a supermarket on this site on their behalf. This is a reasonably a common sort of deal, although the bigger supermarkets do prefer to develop sites themselves where possible (the majority), because they can do it more cost effectively this way! However, they will always consider the developer shell route if they think the site is good and they do save the cost at the front end, as the developer is the one that will have to fund planning, the SI works etc and that of course is at the developers risk. The 'supermarket' will then buy or long-term lease the 'shell' from the developer, this is where the developer makes his money/profit. A preliminary deal is usually done with a supermarket prior to the planning application going in and the developer agrees to developer the shell to that supermarkets developer shell specification (which they all have).

It would appear that Opus are confident (and they have already held meetings with WMDC it would seem) that they can pull this deal off but this is clearly going to take them the majority of this year (these deals take at least 6 months to years sometimes to pull off) to sort. I would expect that Opus have done a deal with Cas for the land on the basis of this deal being completed successfully and then Opus (and there development partner) will advance Cas the money for the site, to allow them to build GH.

It would appear that they are still hoping to get this sorted by the end of the year, so they can start on site at GH in early 2012, but it might take a little longer, so people should not (in this case) be overly worried if it does take a little longer. If they can pull this off (and while I am sure they are confident these deals are not done till the ink is dry on the contracts!) they it would be a great deal and realise a much higher sale value for the site than for housing.

Re: Pont & Cas exclusive : Thu Mar 24, 2011 9:45 am  

Inflatable_Armadillo wrote:

<snip>

Thanks for the background fella - that's very useful information.

As it stands Cas has only one major supermarket (ASDA) which is ludicrous for a population of around 40,000. Compare that with Selby (population of around 14,000) which has three major supermarkets and it would suggest this is something that Cas desperately needs.

Re: Pont & Cas exclusive : Thu Mar 24, 2011 10:04 am  

Bonzo wrote:

Thanks for the background fella - that's very useful information.

As it stands Cas has only one major supermarket (ASDA) which is ludicrous for a population of around 40,000. Compare that with Selby (population of around 14,000) which has three major supermarkets and it would suggest this is something that Cas desperately needs.

I would hope that Opus is talking/has talked to more than one and, as you can imagine, Cas will get a better deal for the land if more than one is interested in the site.

Re: Pont & Cas exclusive : Thu Mar 24, 2011 10:12 am  

Inflatable_Armadillo wrote:

I would hope that Opus is talking/has talked to more than one and, as you can imagine, Cas will get a better deal for the land if more than one is interested in the site.

And when you think about it, it's not actually a bad site for a supermaket. It's a similar size to the current ASDA site in Glasshoughton, including the parking area. Access to and from Wheldon Road is good - as it was the main access for the chemical plant, it's a big, wide road. Future planned developments are also likely to generate the need for a supermarket at that side of town too. I can't think of many reasons why more than one supermarket wouldn't be interested to be honest.

Re: Pont & Cas exclusive : Thu Mar 24, 2011 10:15 am  

As a Wakey fan i would like to say that i hope it all works out for you.

Re: Pont & Cas exclusive : Thu Mar 24, 2011 10:27 am  

Cas selling ground for £50million Wow. Amazing if it comes off

Cas selling ground for £50million Wow. Amazing if it comes off

Re: Pont & Cas exclusive : Thu Mar 24, 2011 10:50 am  

Gazemous wrote: Cas selling ground for £50million Wow. Amazing if it comes off £50m That would not only pay for the stadium but a squad using the full salary cap for many years to come when added to an already profitable business, fantastic news - especially the comment about all the funding now being in place to build the whole stadium at the same time.

Gazemous wrote: Cas selling ground for £50million Wow. Amazing if it comes off £50m That would not only pay for the stadium but a squad using the full salary cap for many years to come when added to an already profitable business, fantastic news - especially the comment about all the funding now being in place to build the whole stadium at the same time.