Examination of Witnesses (Questions 380-381)
13 JANUARY 2004
MR JOHN
CRAGGS, MR
ANDREW TAYLOR
AND DR
DAVID SMITH
Q380 Chairman: You are borrowing over
those periods of time?
Dr Smith: Indeed. One of the good
things is that there is a market out there for people who will
lend us money for long periods of time.
Q381 Chairman: Without any certainty
that there will be tenants at the end of that period?
Dr Smith: In the south of England
there will always be a huge demand for housing. What it looks
like in 10 or 15 years' time, what the tenure will be like and
what the patterns of care will be like will change. We have to
be as clever as we can at anticipating as much of that as we can
within our business plan.
Chairman: Can I thank you very much for
your evidence.
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