Wednesday, 29 April 2009

Bank won`t sell New Street Site ?

THE massive Caltongate site is set to mothballed for a year or more after the Bank of Scotland ordered administrators not to sell the site on the cheap.
The Edinburgh-based bank is owed £73.8 million by Mountgrange Capital and is concerned that, in the current market, the site would not sell for enough to get it the money back.

Remember when the republic broke the news of Mountgrange having no cash back in September last year, of course no one believed them as they were not a PR spin doctor like Mark Cumming of Never Beaten PR or Donald whaur`s yer troosers? Anderson of the infamous pr outfit PPS Group