18-02-2017, 11:54 AM
Hi all,
The 1.1 mil is definitely not for the 2nd phase of 30 years. Kingsmen creative recently bought a nearby plot for 7 mil for a 20 year lease. JTc is not allowed to sell land below fair market value according to its statuory law (willing buyer willing seller consideration)
Therefore by rationale deduction, if sabana is to renew it's 30 year lease, it is definitely in the region of 7 mil and not 1.1 mil
The 1.1 mil is definitely not for the 2nd phase of 30 years. Kingsmen creative recently bought a nearby plot for 7 mil for a 20 year lease. JTc is not allowed to sell land below fair market value according to its statuory law (willing buyer willing seller consideration)
Therefore by rationale deduction, if sabana is to renew it's 30 year lease, it is definitely in the region of 7 mil and not 1.1 mil