The Major

Have done a little research and I see that the planning covenant is a section 106 one which is not irrevocable and tends to be no more than a way of a local authority getting a bit of "squeeze" out of any developer. http://www.southwark.gov.uk/info/200152/section_106

Could you please clarify who actually "owns" the AstroTurf pitch which you state is a community facility. Additionally I am led to believe that those who claim their is a covenant on both Greendales and the current Champion Hill Stadium may be misinformed. Could you provide more information about these covenants, when they were put in place and what exactly they cover. Additionally I am rather unsure of your maths in regards to the profit margins of ?100 million which you quote. Given that Hadley's proposals call for around 200 properties that means each property would produce a profit of ?500,000. Housebuilders tend to operate on on margins of around 10% which puts some of these properties on a par with multistory townhouses in Belgravia as opposed to apartments in East Dulwich. The area may be "up and coming" but...