Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Formation Pays Off Iverson Road Development Loan Facility

Wed, 09th Nov 2016 10:21

LONDON (Alliance News) - Property developer Formation Group PLC said Wednesday that it has now repaid its loan facility for its 159-161 Iverson Road site in London in full.

Formation had last reported in September that it received an extension for the GBP2.4 million outstanding debt on the facility.

Shares in Formation were untraded at 3.78 pence Wednesday.

By Adam Clark; adamclark@alliancenews.com

Copyright 2016 Alliance News Limited. All Rights Reserved.


Shares in this article

Related News

Formation puts ?10m raised in May into Ireland development sites
6 Dec 2019

Formation puts ?10m raised in May into Ireland development sites

(Sharecast News) - Formation Group announced on Friday that it is investing the £10m it raised in May, through its subsidiary Market Equities, in...

Property developer Formation Group reports 24pc rise in full year revenues
27 Jan 2017

Property developer Formation Group reports 24pc rise in full year revenues

(ShareCast News) - Property developer Formation Group on Friday reported a slight decline in full year pre-tax profit as administration expenses and c...

Formation Group to list on rival ISDX
15 Dec 2016

Formation Group to list on rival ISDX

(ShareCast News) - Shares in AIM-listed Formation Group plummeted while the property developer lists on rival borse, the ICAP Securities and Derivativ...