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<p>Highways England entered into a conditional contract with BP for the sale of Tollgate
Hotel which was conditional on planning permission being granted for development.
The planning applications submitted have been subject to a number of judicial reviews,
which has delayed the sale. As a result, Highways England have now agreed with BP
to move to an unconditional contract, which means the sale will no longer be dependent
on gaining planning permission and Highways England will now be able to progress the
sale.</p><p><em> </em></p><p>Given that Highways England will be entering into a new
unconditional contract with BP for the sale of the property, they have no plans to
remarket at this time.</p>
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