AGM Statement

RNS Number : 7205Q

Sutton Harbour Holdings PLC

03 September 2014

 



3 September 2014

SUTTON HARBOUR HOLDINGS PLC

("Sutton Harbour Holdings" or "the Company")

Annual General Meeting Statement

The Chairman of Sutton Harbour Holdings intends to issue the following statement to shareholders attending today's AGM.

"Trading has been in in line with expectations during the first five months of this financial year. It has been an active period for the Company, promoting development opportunities around Sutton Harbour and facilitating infrastructure improvements to ensure continuity and growth of operations.

Last month the Company reported that office space at North Quay House is now fully let and the overall investment property occupancy rate has increased to 88.3%, with an established central business district around Sutton Harbour.

The Company continues to work towards a satisfactory realisation of its interest in the 113 acre former Plymouth airport site.

The Company is making good progress with its £1.2m harbour infrastructure improvement programme, £500,000 of which will be grant funded. Forming key parts of this programme, the new ice plant and lock walkways are now being manufactured and are due to be in operational use this coming winter.

During July 2014, the Company published its 'Vision for Sutton Harbour' which sets out opportunities for development of a number of sites which could deliver c. 350,000 sq ft mixed use accommodation around Sutton Harbour. The Vision publication, which incorporates plans, visuals and relevant data, is now being used to target specific occupiers in residential, office, leisure retail and food and beverage sectors. New planning applications are expected to follow later this year."

Background note:

Sutton Harbour Holdings plc (SUH) is an AIM listed company specialising in waterfront regeneration and destination creation in Plymouth and South West England.

The Company operates Sutton Harbour Marina, King Point Marina and Plymouth Fisheries. Operational activities include mixed use lettings, car parking and support services to harbour users, property management and regeneration and asset enhancement.

Sutton Harbour Holdings is committed to being the leading marine and waterfront regeneration specialist in Southern England, and to positioning Sutton Harbour in Plymouth as a destination of national interest.

Sutton Harbour Holdings plc Jason Schofield - Chief Executive Natasha Gadsdon - Finance Director	01752 204186
Arden Partners Richard Day James Felix	0207 614 5917
Yellow Jersey PR Philip Ranger	07768 534 641

 

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