Any thoughts on this???
a bit worried - sounds like something from a smoke-filled room!
What is not to like? It is just a first right of refusal on work in both directions. This would only become a worry if INL only get paid in equity and then KCR get into trouble. But the deal could definitely be mutually beneficial over time. It is another route to market for the housebuilding division, which will allow them to grow quicker. It is a way to move quicker from planning consent to development because they will have access to KCR funding.
I am confident it will be a success.
precisely your second sentence… i couldn’t find much information on KCR and their track record, although i haven’t delved too deeply. Someone has to be cash rich for the deal to work?