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Morrisons pass on leasehold interest at Kingsmead.
- Thread starter Gareth
- Start date
John Marwood
I ♥ cryptic crosswords
alphagamma
Well-Known Forumite
Empty building? Guess than means the council will have to demolish it before it gets vandalised and set on fire. How much has this farce cost the taxpayer?
Feed The Goat
Well-Known Forumite
Well done bigbluewolf.
A definitive answer to your straight question.
Pity our local lazy journalists who write for the local papers could not have asked the question and published the fact rather than the garbled mess that they presented in this weeks papers.
A definitive answer to your straight question.
Pity our local lazy journalists who write for the local papers could not have asked the question and published the fact rather than the garbled mess that they presented in this weeks papers.
John Marwood
I ♥ cryptic crosswords
I don't think the journalists are just lazy, I think they are also under trained, over stretched, and lacking in resources
A country without strong journalism at every level is a dangerous situation . History has told us this
Relying on SoshullMedia and ClickBait magnifies that danger
BBC Breakfast 'NEWS' as mentioned elsewhere is drivel for masses. Feed them a line and watch them spin into distraction. Politicians love the public - we are short on attention and easily...ooh..look...shiny things!
What same, lazy copying and paste reporting as the snoozeletter? No chasing/ confirming any facts nor investigative journalism.
are the websites spouting a different story who specialise in business news better informed and read into what such statements (LXB) actually mean ?????
joshua
Well-Known Forumite
that would reqire some effortNot like snoozeletter and e&s to over sensationalise is it
the articles make no reference to ' morrisons surrendering their lease'
There is not a single article that uses the words ' morrisons have surrendered their lease'
All articles mention 'LXB surrendering their leasehold interest with morrisons'
this implies to me Morrisons still have a lease but LXB no longer hold the leasehold interest in that property as they given it up as part of the development sale.
The least ambiguous article written by an actaual business news media, on this implies Morrisons now hold the leasehold interest on the unit.
in fact could this mean morrisons can lease it themselves if it is the case. Hence why they have a alcohol license ???
All articles mention 'LXB surrendering their leasehold interest with morrisons'
this implies to me Morrisons still have a lease but LXB no longer hold the leasehold interest in that property as they given it up as part of the development sale.
The least ambiguous article written by an actaual business news media, on this implies Morrisons now hold the leasehold interest on the unit.
in fact could this mean morrisons can lease it themselves if it is the case. Hence why they have a alcohol license ???
Jonah
Spouting nonsense since the day I learned to talk
I was only asking!
Anyway, Morrisons Twitter team have confirmed to me that the store is NOT opening. Previously they have been non-committal either way.
alphagamma
Well-Known Forumite
Anyone else amazed that a company of the size of Morrisons would release important news on twitter?
Jonah
Spouting nonsense since the day I learned to talk
No.
And it wasn't released on Twitter, but it was confirmed on Twitter.
Previously the Morrisons Twitter team had been non-committal with their replies about the proposed Stafford store. The reply I received has been the most definite reply from them about it.
Gramaisc
Forum O. G.
The above is the first post here - I took it to be an affirmation that Morrisons were going ahead with the store, despite the doubts that many on here have been expressing for the last few years.
http://www.lxbretailproperties.com/_news/18_august_kingsmead_announcement_-_final.pdf
This was the first post that several including insider media and Gareth have interpreted in a totally different way to the Newsletter, Express and Star, the Leader of Stafford Borough Council and now Radio Stoke. It is ambiguous. But it depends on how you define Leasehold interest. LXB had the Freehold Interest, sold it on to Triple Jersey. IMHO Morrison's have paid to surrender the Leasehold interest. The leasehold interest being the right to temporarily occupy the building for 25 years, with I believe a 20 years break clause. They will have paid handsomely for this, but may be cheaper than running a loss making store for 20 years?
This was the first post that several including insider media and Gareth have interpreted in a totally different way to the Newsletter, Express and Star, the Leader of Stafford Borough Council and now Radio Stoke. It is ambiguous. But it depends on how you define Leasehold interest. LXB had the Freehold Interest, sold it on to Triple Jersey. IMHO Morrison's have paid to surrender the Leasehold interest. The leasehold interest being the right to temporarily occupy the building for 25 years, with I believe a 20 years break clause. They will have paid handsomely for this, but may be cheaper than running a loss making store for 20 years?
captainpish
Well-Known Forumite
I wouldnt be suprised to see sainsburys take it over and a load of flats/apartments get built on the curre t sainsburys site
alphagamma
Well-Known Forumite
But the LXB statement didn't say the Stafford store was being scrapped, which is what the twitter response said. This bloke should be able to tell us the truth.
Councillor Patrick M M Farrington
Councillor: Patrick M M Farrington
Contact E-mail: pfarrington@staffordbc.gov.uk
Ward: Baswich
Photo:
Contact Telephone: 01785 824162
John Marwood
I ♥ cryptic crosswords
I wouldnt be suprised to see sainsburys take it over and a load of flats/apartments get built on the curre t sainsburys site
Executive homes backing onto the 'travellers' park ?
Hahahaha
Google Earth says NO