Advertising
 
Posted by: John Brace | 8th April 2015

Why did Wirral Council receive £2 million from an off shore company based in the Isle of Man?

Why did Wirral Council receive £2 million from an off shore company based in the Isle of Man?

                                                          

Following on from yesterday’s blog post about how Wirral Council spent £16,412.04 on legal advice for regeneration of Birkenhead Town Centre, you only have to look at the lease for New Brighton’s Marine Point to see why Wirral Council sees these sorts of deals with companies such as Neptune Wirral Limited/Neptune Developments Limited & Neptune Projects Limited as lucrative.

In return for a 250 year lease of New Brighton’s Marine Point between Wirral Council and Neptune Wirral Limited (an offshore company based in the Isle of Man), Wirral Council received a premium of £2 million (plus VAT). In addition to this £2 million Wirral Council also receives 6% of the rents paid by commercial tenants in the Marine Point development as the documents below show.

It’s highly likely that if Neptune’s plan to redevelop Birkenhead Town Centre goes ahead, that there will be some sort of similar lease between Neptune and Wirral Council.

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd cover page

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd cover page

New Brighton Marine Point lease Wirral council Neptune Wirral Ltd index page

New Brighton Marine Point lease Wirral council Neptune Wirral Ltd index page

New Brighton Marine point lease Wirral Council Neptune Wirral Ltd £2 million premium

New Brighton Marine point lease Wirral Council Neptune Wirral Ltd £2 million premium

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 1

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 1

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 2

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 2

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 3

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 3

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 4

New Brighton Marine Point lease Wirral Council Neptune Wirral Ltd Additional Rent Page 4

If you click on any of these buttons below, you’ll be doing me a favour by sharing this article with other people. Thanks:


Responses

  1. G’day John

    It is obviously to save Lyndale School.

    Ooroo

    James

  2. Got to find a clothes peg for my nose as i don’t like the smell!
    Fishy or what! and now they get to do Birkenhead up?

  3. G’day John

    I see Ecca has turned up.

    Do you think he will sort out some issues like Big, ISUS and Working Neighbourhoods and Wirralgate and all the other evil.

    Or

    Will he just be another impotent leader under the control of Frankenstein via “The Dunny Chain Wearer”?

    Ooroo

    James

    Ps Should be a very very interesting week or two coming up.

  4. “We had to pay £175,000 to get the BEST person.”

    …not exactly an endorsement of the previous half a dozen is it?

    Even though he’s already blocked me on Twitter (that’s what the ‘best’ people must do, so he’s earning his money already) – I have lots of faith in the new CEO and I’m confident Eric won’t be making as many ‘mistakes’.

    https://www.youtube.com/watch?v=FE6oqn6zuvg

  5. G’day John

    All the signs are there and Ecca’s only been here two minutes.

    The rubbish propaganda paper has taken comments down and obviously aren’t putting many up.

    It is going to be the same old same old I fear.

    I wonder if “Spotty Dog” will make a statement about Wirralgate, Big ISUS and Working Neighbourhoods etc., or will he fall straight into the conspiracy of silence which will give him nil credibility like the previous.

    Gra Gra couldn’t manage sorting it so this child has no hope.

    Ooroo

    James

    PS The BEST PERSON?

    We will see but my money is on “The Dunny Chain Wearers'” gang.


Categories