Speymill Macau postpones Bel-Lago residential tower development |
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Published
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Tue, 08 Jan 2008 08:14
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LONDON (Thomson Financial) - Speymill Macau Property Co PLC said it has postponed the arrangement to finance the development of a luxury residential tower in the Bel-Lago in the Nam Van reclamation area due to a delay in the process of applying for and receiving certain building permits.The Macau-focused property investment company said it has agreed with the developer that it may look to pursue this project at a later date, subject to agreeing revised terms satisfactory to both parties.The manager remains firmly optimistic about the outlook for the Macau property market and the company has a pipeline of other projects which are currently under negotiation, it added.tf.TFN-Europe_newsdesk@thomson.comtsm/lamCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Speymill Group warns FY to fall short of 3.65 mln stg pretax forecast 