Pink Paradise's new parking lot - goodbye Clairwood

Business Day 22 April 2013

snippet:
Business Day reported that according to Galetti Commercial and Industrial, Capital looks into revamping the acquired Clairwood Racecourse into a warehousing and logistics park. The property's 5km closeness to the new Durban port was poised to attract freight and logistics companies due to the convenience offered. The logistics park would offer a modern presentation at reasonable rates.

Reminds me of the Joni Mitchel song " they paved paradise and put up a parking lot"

damn i always thought the lyrics were pink paradise put up a parking lot - sorry! lol

at least this park won't be running a loss of R43b on local operations...

They paved paradise
And put up a parking lot
With a pink hotel, a boutique
And a swinging hot spot

Don't it always seem to go
That you don't know what you've got
Till it's gone
They paved paradise
And put up a parking lot

They took all the trees
Put 'em in a tree museum
And they charged the people
A dollar and a half just to see 'em

Don't it always seem to go
That you don't know what you've got
Till it's gone
They paved paradise
And put up a parking lot

Hey farmer farmer
Put away that DDT now
Give me spots on my apples
But leave me the birds and the bees
Please!

Don't it always seem to go
That you don't know what you've got
Till it's gone
They paved paradise
And put up a parking lot

Late last night
I heard the screen door slam
And a big yellow taxi
Took away my old man

Don't it always seem to go
That you don't know what you've got
Till it's gone
They paved paradise
And put up a parking lot

"Capital MD Barry Stuhler said in January that "the feather in the cap" of Capital’s 2012 financial results was the Clairwood Racecourse acquisition."

interesting comment, puts the price into perspective

Teamwild,do you think the sale of Clairwood put GC in a sound financial footing ?

scotia Wrote:

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> Reminds me of the Joni Mitchel song " they paved
> paradise and put up a parking lot"

I thought that the Counting Crows wrote that one. Lol. ( Almost got you going, Dave ).

It did .... however its the choices from here that members should be very attentive to as whilst their footing may be firm their backpack is all out of life lines and someone noted from their "Think Tank" that they are spending and planning like they have 4 billion rand!

my apologies yes that would need to read R43m, not 'b', although if you consider the number of years of negative figures, it probably is close to 'b'.