Authorisation is sought from the Director of
Housing, Regeneration and Planning for permission to instruct Legal
Services to enter into the necessary legal documents:
(i) Approving the disposal of the Red House site from Magic Living
Limited to Magic Living 4 Limited (a group entity); and
(ii) Approving Harbour Lending Limited as funder to the development
with step in rights to the Purchase Agreement in addition to Magic
Homes Limited acting as guarantor for Magic Living 4 Limited.