SD Finance plc - St George’s Bay Project

On 19 June 2019, SD Finance plc announced that following an appeal lodged by various interested parties against the Planning Authority in connection with an application submitted by the db Group for the development of the site formerly occupied by the Institute for Tourism Studies in St George’s Bay, the Court of Appeal has now revoked the earlier sanctions of the Environment and Planning Review Tribunal and the Planning Board. In this respect, the db Group and its consultants are currently studying the Court of Appeal’s decision.

Furthermore, the db Group explained that whilst this latest development will be impacting the timelines for the proposed development, as such it has no impact on the core operations of the Group which remain totally independent of the Court of Appeal’s decision.