Planning Permission Granted on Second Property

RNS Number : 7458F

Dukemount Capital PLC

30 October 2018

 

30 October 2018

Dukemount Capital Plc

("Dukemount" or the "Company")

Planning Permission Granted on Second Acquisition

Dukemount Capital plc, the long-dated income provider and property management company is pleased to announce that this afternoon, it has been granted planning permission for a minor extension to be built on the second acquisition.

The extension was requested by Inclusion Housing and the care provider, Lifeways Group to accommodate an increase in rooms and to add office space in the property. As previously announced, this will enhance the value of the acquisition due to the increased rental payable on the property.

The architect plans and drawings for this project will appear on our website www.dukemountcapitalplc.com.

Dukemount Executive Chairman Geoffrey Dart said, "I am pleased to be able to announce a successful planning outcome on our second acquisition in North West England. I anticipate a smoother flow of updates in the coming months.

Market Abuse Regulation (MAR) disclosure

Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.

 For further information, please contact:

Walbrook PR (Media and Investor Enquiries	Tel: [phone]
Paul Cornelius / Gary Middleton	[e-mail]
Optiva Securities Ltd	Tel: [phone]
Christian Dennis - Corporate Broker
Jeremy King - Corporate Broker
Peterhouse Corporate Finance Limited	Tel: [phone]
Lucy Williams/Duncan Vasey

 

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