16-02-2024, 06:41 PM
If you got 500 apartments at 200000 that is 100m - land probably worth 30-40m but - and here is a bargaining chip- forest actually own the leasehold for some of the land external to the stands. A 100 year lease starting at £500,000 per year with increases in line with inflation would be a good deal all round- or one off 20m.