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Property Recycling (PROP)

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Wednesday 31 December, 2008

Property Recycling


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

Property Recycling Group plc 
('Property Recycling') 



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.' 


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

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