FRANCE: Freeport reaches deal on development
Designer outlet company Freeport said it has reached an agreement in principle with the French regional government in Strasbourg for the outstanding licences needed to start construction of its Roppenheim development in Eastern France.
Freeport now expects to receive the licences in the next twelve weeks which will result in a six month delay to the company's previously predicted programme.
Executive chairman Sean Collidge said: "Planning and development is not an exact science but Freeport remains ready to commence construction when permitted to do so."
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