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Councillor Evans asked: Newport Indoor Market update In September last year I asked you, at a full council meeting, whether or not we had received any profit share from the market. and if you were confident we would receive the full £6 million loan back in full. You confirmed we hadn’t received any profit shares, and the loan wasn’t due until the end of February. Now that deadline has passed have we received the full repayment? If not, how much is outstanding, and what actions have you taken to ensure that we receive all of it? Councillor Batrouni responded: As I’m sure you will agree, the market development continues to be a popular visitor destination offering, retail, leisure and hospitality services, as well as serviced office accommodation for SME’s and start-up businesses. The loan has, as yet, not been repaid, but the developer is fully engaged with the Council and discussions are currently ongoing regarding this. As you will appreciate, I cannot comment on these discussions in further detail at the moment due to commercial sensitivities, but a further update will be shared as soon as I am in a position to do so.
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