Property Letting Update

RNS Number : 5243W

Sutton Harbour Holdings PLC

10 November 2014

 

10 November 2014

Sutton Harbour Holdings plc

("the Company")

PROPERTY LETTING UPDATE

Sutton Harbour Holdings, the AIM listed waterfront regeneration and destination specialist,is pleased to report completion of a property letting.

A new tenancy agreement has been completed for the 3,818 sq ft (345m²) premises, with outside terrace, at Little Vauxhall Quay a prime waterfront site at the heart of the renowned Barbican area of Sutton Harbour, Plymouth.  The new tenant, The Stable, a subsidiary of Fullers Brewery, has signed a 15 year lease adding an eighth operation to the popular bar/restaurant operation which offers craft ciders and artisan quality pizzas.

The new tenancy runs without break from the former tenancy, which was due to expire in 2019, and the Company reports that its letting occupancy rate is unchanged at 89%.

Following a fit out period, The Stable expects to be operational early in 2015.

Enquiries:

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 534641

Notes to Editors

Sutton Harbour Holdings plc (SUH) is an AIM listed company specialising in marine operations, 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 plc 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.

 

END

 

 

MSCFSMFWWFLSEEF