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Property Recycling (PROP)

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Wednesday 31 December, 2008

Property Recycling

Acquisition

RNS Number : 9127K
Property Recycling Group PLC
31 December 2008
 

Property Recycling Group plc 
('Property Recycling') 

Acquisition 


 

Property Recycling (AIM: PROP), which acquires and prepares brownfield sites for development, today announces that it has acquired a 15.91 hectare site at Welford in Northamptonshire for £0.50 million. The site is located at the junction of the A14 and the A5199, approximately 5 miles from the Catthorpe interchange of the Ml and the M6. 


Commenting on
 the acquisition, Paul Rackham, chairman, said, 'This site first came to my attention in January 2003, I am pleased that after a great deal of work we have now been successful in completing its purchase.' 


-Ends- 

Paul Rackham, Chairman

Property Recycling Group plc


01953 717176

Geoff Nash/Rose Herbert

FinnCap, Nominated adviser and joint broker


020 7600 1658

Robert Luetchford/John Webb

Marshall Securities, Joint broker

020 7490 3788



  Visit our website: propertyrecycling.co.uk





This information is provided by RNS
The company news service from the London Stock Exchange
 
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