Financial Times FT.com

Cardiff site for City Lofts

By Philip Stafford

Published: April 21 2006 03:00 | Last updated: April 21 2006 03:00

City Lofts Group, which develops Conran-designed urban apartments, yesterday announced its largest development with the acquisition of a freehold site in Cardiff Bay.

The Aim-listed group said that it had acquired Bay Pointe in the Welsh capital from Cardiff council for £31m - £15.5m of which will be deferred for 12 months.

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