Breakdown of Caltongate Marriage

Sunday HeraldMay 28, 2009

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Summary


THE developer behind the collapsed GBP300 million Caltongate project in Edinburgh has indicated for the first time that it will not attempt to revive the project.

Manish Chande, co-owner of Mountgrange Capital, which was forced into administration by its banker Lloyds in March, told the Sunday Herald he was "close to divorce" from the project, expressing impatience with the planning delays and heritage objections that have dogged the four-year project.

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Extract


Breakdown of Caltongate Marriage

Chande's decision to draw a line under Mountgrange's involvement in Calto...

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