("Belvedere" or the "Company")
The Directors of Belvedere are pleased to provide the following update to the market.
Following on from the Company's last update to the market, discussions have now successfully concluded with
The Company is pleased to announce that following these discussions a formal agreement has been signed between
The contract provides exclusivity to the Company for partnering with
Fundraising continues to gather momentum. The Company has accepted its first subscriptions since the COVID19 pandemic outbreak, and a separate pricing supplement is being issued to deal with that, and there are a number of subscriptions pending, with the Company in the process of dealing with a large potential subscription from a discretionary fund manager.
Also, following on from the evolution of strategy highlighted to the market in August, the Company is delighted to confirm that on 22 September it exchanged on a deal to acquire land in Dunfries & Galloway with a view to implementing the first 50 lodge leisure development scheme, pursuant to the agreement signed with
The property being acquired is situated at Barncrosh Meadows, Bridge of
This strategic acquisition supports the Company's position, giving bondholders tangible asset backed security. This is the first of several sites the Company will be exploring.
Following on from our announcement in August we are continuing negotiations to acquire the original Barncrosh Site at
For further information, please contact:
Mr Paul Brazewell
T: +44 (0) 203 773 1361
AQSE Corporate Advisor to
Tel: +44 (0) 203 772 0021
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