ORE Orogen

RNS Number:2864H
Orb Estates PLC
15 March 2000


ORB ESTATES PLC ANNOUNCES THAT PLANNING PERMISSION HAS BEEN OBTAINED FOR
FACTORY OUTLET RETAIL AND RESIDENTIAL SCHEME AT ITS QUAYSIDE SITE AT POOLE
HARBOUR, DORSET

Orb Developments Limited, a subsidiary of Orb Estates plc today received
planning consent and signed a Section 106 Agreement with Poole Borough Council
for the development of its 2.4 acre site on the town quay at Poole, Dorset.
The planning consent permits the development of a 120,000 (one hundred and
twenty thousand) sq. ft. factory outlet centre.  This will be in addition to
the existing 37,000 (thirty-seven thousand) sq. ft. Poole Pottery factory
outlet shop.

The consented scheme also includes a residential development overlooking Poole
Harbour to be built above and adjacent to the new retail space.  The gross
internal area of the residential will exceed 160,000 (one hundred and sixty
thousand) sq. ft., excluding residential car parking.
The Poole Pottery site and business were acquired by Orb Estates plc in
October 1999, and the production facility will be relocated to a new
manufacturing site in the borough of Poole.  Poole Pottery Limited's factory
outlet shop and tourist attraction will continue to operate whilst the
proposed development is constructed on the adjoining site.

Orb Developments Limited intends to enter into a development agreement with a
major developer to build both the commercial and residential elements.  The
residential properties will ultimately be sold.

Enquiries etc. to Mr Peter Catto, telephone 020 7262 6445, fax 020 7262 3275.


END


MSCEANDLFDPEEFE

Orogen Gold (LSE:ORE)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Orogen Gold (LSE:ORE)
Historical Stock Chart
Von Jul 2023 bis Jul 2024