Examples of Owned Land in a sentence
Yes £50,000 or more: 237 - Council Owned Land and Property ¿ Grant of Tenancies and Leases Scheme of Delegation Reference Number or Other Source of Delegation: Yes Subject to Call In: 21/09/2018 Call In Expiry date: Property Advice Sought: This letting will increase revenue income for the Council and allow an existing tenant of the building to expand their business.
The applicable percentage ratio(s) (as calculated in accordance with Rule 14.07 of the Listing Rules) for the acquisition of the Owned Land is less than 5% and therefore, the acquisition of the Owned Land is not subject to the disclosure requirements under Chapter 14 of the Listing Rules.
As at the date of this announcement, there are commitments of approximately RMB16,000,000 (equivalent to approximately HK$18,201,000) for the continuous constructions and decorations of the Property and the Owned Land.
The Property is located adjoining the Owned Land owned by the Group.
On 26 February 2010, the Group acquired the Owned Land from The State Land Resource Bureau of Changle City, Fujian Province ( 福 建 省 長 樂 市 國 土 資 源 局 ) through a tender process and at a consideration of approximately RMB33,208,000 (equivalent to approximately HK$37,775,000).