Daejan on track for first quarter

FTSE 250 property group Daejan confirmed income was in line with expectations in the first quarter of the year.A brief quarterly statement reported no significant sales had been made in the period to end-June in UK or USA, but that the second quarter should see more interest. The group's major project to refurbish and extend its existing property Africa House in Kingsway, London was revealed to be likely to reach practical completion within the next month. Daejan, which has its origins in Victorian-era rubber and coffee plantations in the Dutch East Indies and lately under the control of the family of the Freshwater family which maintains a controlling stake, said property agents were already marketing the 130,000 square feet of office space to potential tenants.The final dividend for the year ended March 31st of 54p per share was confirmed as being subject to approval at a forthcoming annual general meeting and had been proposed for payment on November 8th.OH