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Silver Spring site – Y18/0066/SH

Some things are not what they always appear to be. If you scratch the surface you’ll see a whole lot more, such is the case with the former Silver Spring site, Park Farm, Folkestone, Kent.

On Tuesday 24th April at 7pm, there will be more than the Folkestone Seafront Development before the Planning & Licensing Committee of Folkestone & Hythe District Council to consider. Also on the agenda, item 8, is the former Silver Spring site – Y18-0066-SH. The mixed use retail park, spanning 3.8 hectares (9.4 acres), is set to be called Folkestone Gateway. However is all what it appears?

The land was purchased on the 24/10/2014 by Ravensbourne Gateway Limited for the princely sum of £5,428,000. The lender was Ravensbourne Holding S.A.R.L (Luxembourg), who according to Companies House have a charge on the land. Ravensboure Holdings S.A.R.L is owned by Adrian Kirby (pictured) and Atlantic Investments Ltd registered in the Cook Islands (an known offshore tax haven).

The Cook Islands for those of you who do not know has “legislation” which  “circumvents tax requirements and gives individuals and corporations the ability of added layers of privacy and confidentiality. The Cook Islands have very strong asset protection legislation in place that prevents foreign authorities from accessing account information.” So how can Folkestone & Hythe District Council do any due diligence of any significance?

Now Y18/0066/SH states:

Now a company called Ravensbourne Investments Ltd – owned by Ravensbourne Holding S.A.R.L (Luxembourg) and controlled by Mr Adrian Kirby and Atlantic Investments Ltd, “has worked extensively with the Council since closure of the Silver Spring premises, the demolition of the previous buildings and the refusal of a previous retail led application on the site. Therefore, our client shares the Council’s desire and ambition to see the site developed for a mix of uses to create employment and wider opportunities for the Shepway community.”

However, Ravensbourne Investments Ltd seem to invite the notion of residential dwellings on the site not just a hotel and restaurant/cafe. In their comment to the Places and Policies Local Plan Submission Draft, dated 19-03-18, their second objection is:

They go onto say

So is all what it appears at first sight? No. In short what Ravensbourne Investments Ltd  are doing is using the Places and Policies Local Plan Submission Draft to preclude Folkestone & Hythe District Council from ruling out residential development on the site. That is their and Mr Kirby’s right. However, are Cllrs on the planning committee aware of the potential for houses? Would Cllrs on the Planning & Licensing Committee be happy with this.

So is all it appears to be Cllrs? We think not, there’s more to just a hotel, restaurant/cafe isn’t there? We’ll, just watch and see what unfolds on Tuesday evening.

The Shepwayvox Team

There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any persons, companies or other entities included in this blog post have broken the law or otherwise acted improperly, unless found so by a court of law.

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