interim report due next month13 Dec 2016 08:25
should see significant gain.. 'The completion of our first Extra Care scheme in Grimsby together with last September’s signing of the Funding and Partnering Agreement with Funding Affordable Homes (“FAH”) and its property advisor SHA Housing Limited, were landmark events for the Company. FAH is a social impact company which acquires affordable housing to deliver financial and social returns for both communities and investors. December saw the business enter into its first contracts with FAH for the provision of full funding for design and construction of two Extra Care developments in Essex where upon completion FAH will become the long term owner. These two schemes will generate revenues of around £21,000,000 by the end of April 2017, of which only £8,880,000 has been recognised in the year to April 2016.'