Quote ="Hatfield tiger"At the height of the property boom the land was valued at roughly £10m being £1m for one acre. at this point in time an option was sold for £6.9m on the land. Hence why a number of share holders claimed the deal was significantly under valued and was sold at a low price to a related party. The option on the land was old for an upfront payment of £200k.
Land values have fallen by roughly 40% putting the land value now at circa £6m. I am led to belive that negotiations have been ongoing to sell the land outside of the option at about £5.9m with costs of planning permission being the major issue.
All here say regarding future developments but the option value is quite an open and well knwo value not the values you are quoting above'"
£4.9 million was the figure i was quoted maybe with it been un-resolved it will be somewhere in between the two after negotiation still a fair way off the some figures some wakey fans would like it to be.
i dont think the clan was too far off the mark with the other comments just a little late in the day with them has most of those issues have since been dealt with and things have now moved forward quite considerably.has shown with fpp now gone in.
