+5% support gaining19 Jan 2016 14:52
only 58m shares in issue
options @ 37p
funding in place
The Company expects the development at Harwich, which has already commenced to complete towards the end of 2016 with Walton on the Naze following around three months later. On completion FAH will become the long term owner of the developments. These two schemes will generate revenues of c£21m.
Antony Walters, Chief Executive commented: "This is a key milestone for Ashley House. Having diversified the business in the last few years and put together an Extra Care pipeline of c,£150m, we are delighted to have cemented our new strategic partnership with FAH to accelerate the funding of the delivery of that pipeline