Development land in Central London

RNS Number : 3570P

Taylor Wimpey PLC

30 August 2017

 

30 August 2017

Taylor Wimpey plc

Development land in Central London

The Group confirms that it has exchanged contracts on the purchase of development land, in Central London, from the Royal Mail, for a total cash consideration of £190 million.  The acquired land represents part of the Mount Pleasant estate, some of which will be retained by Royal Mail.  The development represents a compelling multi-year development opportunity in a high-quality location.

The acquisition meets all the Group's key investment criteria, including an attractive return on capital given the phasing of capital deployment.

-     Ends -

For further information please contact:

Taylor Wimpey plc                                                                Tel: [phone]

Pete Redfern, Chief Executive

Ryan Mangold, Group Finance Director

Harry Goad, Investor Relations

Finsbury                                                                                 Tel: [phone]

Faeth Birch

Anjali Unnikrishnan

Notes to editors:

Taylor Wimpey plc is a UK-focused residential developer which also has operations in Spain. For further information please visit the Group's website: www.taylorwimpey.co.uk

Follow us on Twitter @TaylorWimpeyplc

 

END

 

 

MSCURUNRBRAWOAR