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Exactly. That how it works, that’s how it’s financed. Bennett won’t be funding the planning application and would’ve had next to no knowledge of the process or the niche market of private student accommodation. Because Downing have invested time and serious money, that will reduce the sum to...

My guess is that Bennett played the long game, eyeing a development opportunity one day, seeing development creep towards his land over the years. Even before the Amex appeared, I witnessed the Brighton University site expand over downland in the 90’s and 00’s. Without so much as a peep from...