Lenders have insisted a developer which bought a patch of Shrewsbury community land for £550,000 which was wrongfully sold is 'an innocent party'.
Lenders have insisted a developer which bought a patch of Shrewsbury community land for £550,000 which was wrongfully sold is "an innocent party".Part of Greenfields Recreation Ground was sold by Shrewsbury Town Council in 2017 to CSE Developments, which planned to build 15 homes.
In June this year, following the publication of an independent review by Michael Redfern KC, the town council"unreservedly" apologised to campaigners, and vowed to help return the land. However, since then, the council has said a planning barrister"unequivocally" advised the authority not to enter into mediation or discussion with CSE Developments until the Supreme Court hearing has concluded.
Now, Shrewsbury Developments Ltd and Apricus Ltd, both of whom lent cash to CSE Developments, have waded into the row. They defended CSE amid criticism from campaigners. "Prior to purchase, CSE instructed solicitors to carry out due diligence to ensure that there was nothing to prevent the site being developed and nothing was reported to either CSE or the lenders. STC’s replies to pre-contract enquiries are on public record.
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