Completion of sale of Plymout

RNS Number : 7942U

Sutton Harbour Holdings PLC

30 June 2009

 



Sutton Harbour Holdings plc ('Sutton Harbour' or 'the Company')

Completion of sale of Plymouth City Airport land

Sutton Harbour announced on 2 June 2009 that planning permission had been obtained for a mixed-use development on 22 acres of surplus land at Plymouth City Airport together with the exchange of contracts with a developer for the majority of the land.  Sutton Harbour's Board is pleased to announce that the completion of the sale of the first tranche of residential land (4.2 acres) for £2.7 million has now taken place. Further tranches of the Airport land have been agreed to be sold to the developer during the next three years, subject to usual conditions, for an additional aggregate amount of not less than £9.1 million. 

30 June 2009

ENQUIRIES:

Sutton Harbour Holdings plc
Nigel Godefroy	Tel [phone]
Evolution Securities
Bobbie Hilliam	Tel [phone]
Arden Partners plc
Richard Day	Tel [phone]

 

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