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It is understood Peel has approached Kitgrove, the subsidiary of Richcliff which owns Stanley Dock, the problematic 12-acre site in the heart of the area. Stanley Dock contains the 1m sq ft Tobacco Warehouse, and two smaller warehouses to the north and south.
The interior darkness and low ceilings make conversion of the Tobacco Ware-house impossible without vast public subsidy. Peel and Kitgrove declined to comment.
Peel will deliver a visionary development plan to councillors for Central Docks within