The Disposal of Public Sector Property Assets

Part of 2. Questions to the Minister for Finance and Trefnydd – in the Senedd at 2:41 pm on 26 June 2019.

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Photo of David Rowlands David Rowlands UKIP 2:41, 26 June 2019

Cabinet Minister, the saga of land at Lisvane in Cardiff being sold for £1.8 million by the regeneration investment fund for Wales, and subsequently sold for £39 million, has been well documented. But we understand that legal proceedings were issued in December 2017 against the two companies who were advisers to RIFW at the time, namely Amber Fund Management and the Lambert Smith Hampton group. Could the Minister update us on the latest situation with regard to these legal proceedings?