The Herald can reveal that Pegasus Life Ltd is the preferred bidder for the East Devon District Council-owned site, and has offered ‘between £7million and 8million’ for the land.
The company is proposing to replace the existing offices with ‘retirement and extra care living for over 100 people’, according to council documents.
The controversial relocation project would see EDDC use the money from the Knowle sale to fund a move to vacant offices at Exmouth Town Hall and purpose built facilities at Honiton’s Heathpark.
http://www.sidmouthherald.co.uk/news/breaking_mystery_knowle_bidder_revealed_1_3978943
East Devon Watch 
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