Planning Consent Granted

RNS Number : 5007Y
Victoria PLC
01 March 2012
 

 

 

"International designers and manufacturers of innovative quality floorcoverings"

 

Issued by Citigate Dewe Rogerson

Date:  Thursday  1 March 2012                                                                                           Immediate Release

 

 

 

 

Victoria plc

("Victoria" or the "Company")

 

Planning Consent Granted

 

At the time of the Group's Half-year results announced last November, the Board advised that it was continuing its endeavour to seek a 'change of use' and planning consent for the Group's sports ground in Worcestershire with the expectation, in due course, of receiving detailed planning consent on the site.

 

The Company is therefore pleased to report to shareholders that,Wyre Forest District Council has today issued a Planning certificate granting permission for the Company to develop the redundant 6.25-acre site in Kidderminster, Worcestershire.

 

The planning consent allows for the construction of a bowling 'Centre of Excellence', a public house/restaurant and a budget hotel.

 

The current book value for the site as at the last independent valuation date of April 2004 is £80,000. With the change of use, the Company plans to seek offers in excess of £1 million for the development of the site.

 

.

 

 

 

 

 

Enquiries to:

Victoria PLC

 

 

Citigate Dewe Rogerson

 

 

 

Arden Partners plc

 

Office: +44 (0) 1562 749300

Mobile: +44 (0) 7785 703523

Office: +44 (0) 121 423 8900

Alan Bullock, Group Managing Director

Office: +44 (0) 121 362 4035

Steve Douglas, Corporate Finance Director

Or

Fiona Tooley


Ian Davies, Group Finance Director



www.victoriaplc.com



LSE; Premium Listing



Ticker: VCP.L



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRBDGDXDDGBGDB

Companies

Victoria (VCP)
UK 100