Published on: February 17, 2023

Property value realisation – going to plan

A release from CML, published today, states that conditional planning approval has been granted at its 29-acre site at Oval Park in Maldon, Essex. Final approval is subject to completion of Section 106 Unilateral Undertakings, which should be a formality, and is expected to happen shortly. This is excellent news for CML and a clear demonstration of management delivering value. Exact figures are still undisclosed, but the development strengthens CML’s balance sheet yet further and gives the company greater capacity to invest in the next-generation wireless opportunity.