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.

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Enquiries to: Victoria PLC	Citigate Dewe Rogerson	Arden Partners plc
Office: [phone]	Mobile: [phone]	Office: [phone]
Alan Bullock, Group Managing Director	Office: [phone]	Steve Douglas, Corporate Finance Director
Or	Fiona Tooley
Ian Davies, Group Finance Director
www.victoriaplc.com
LSE; Premium Listing
Ticker: VCP.L

 

END

 

 

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