SAVE THE AFRICA CENTRE: CAPCO CONCEDES

Dear friends of the Africa Centre, Yesterday’s action against the secret sale of the Africa Centre and the collusion between Capital and Counties and the trustees of the Africa Centre to sell the Africa Centre to Capital and Counties (CapCo) before meeting with the charity’s members on 20th June – was a phenomenal success.

Amid fantastic media coverage, (BBC London) – we secured concessions and information from Capital and Counties – including an agreement to propose postponing the signing of any option to sell until after the June 20th meeting of Africa Centre members.

It was a day of phenomenal energy, inspiration, and determination which resulted in the following concessions from Capital and Counties (represented by two executives, Andrew Hicks and Capital and Counties, Marketing Director) that:

1. Capital and Counties board to consider postponing the signing of any option to sell until after the Africa Centre’s members meeting on 20th June and notify us within 24 hours of their decision – a concession the trustees of the Africa Centre have not been willing to make.

2. That the Africa Centre’s trustees have not identified (or considering) any specific potential properties that the Africa Centre will relocate to.

3. That the rush to buy on their part is conditioned by the knowledge that the Africa Centre (38 King Street) will only increase in value over time and they want to buy as soon as possible – notably they are worried that a high net worth individual might offer a competitive alternative to their deal before they can buy the Africa Centre.

A strong statement has been made to both the trustees of the Africa Centre and Capital and Counties that they may want to collude in secret, and take decisions in dark places but the light of this community and the media is shining on them.

While we welcome the meeting with Capital and Counties – their actions today will confirm whether they intend to be part of the solution or part of the problem in saving the Africa Centre.

Save The Africa Centre Campaign.

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