Disposal

RNS Number : 2989V

MJ Gleeson PLC

06 August 2015

 

6 August 2015

MJ GLEESON PLC ("the Company")

GLEESON STRATEGIC LAND - UPDATE

MJ Gleeson plc (GLE.L), the urban regeneration and strategic land specialist, has completed, under a promotional agreement, the sale of 100 acres of land in Wiltshire with planning permission for commercial development. Completion of the transaction follows the conditional sale of the site in the previous financial year, as announced in our pre-close trading update of 3 July 2015.

The sale is in line with the Board's expectations and will be recognised, as forecast, in the current financial year ending 30 June 2016.

Enquiries:

MJ Gleeson plc		Tel: [phone]
Jolyon Harrison	Chief Executive Officer
Stefan Allanson	Chief Financial Officer
Instinctif		Tel: [phone]
Mark Garraway
Helen Tarbet

Notes to Editors

MJ Gleeson plc operates in the house building sector through the following business units; Gleeson Homes, which focuses on estate regeneration and housing development on brownfield land in the North of England; and Gleeson Strategic Land, which purchases options over land in the South of England with the objective of enhancing the value of the site concerned by securing residential planning permission.

 

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