Last checked at 3 Sep 2018 07:00
03 September 2018
Dukemount Capital Plc
("Dukemount" or the "Company")
Joint Venture with Rascasse Developments Ltd
Dukemount Capital plc, the long-dated income provider and property management company is pleased to announce that it has entered into a 50/50 joint venture with Rascasse Developments Ltd to create DKE (Midlands)Ltd
The joint venture company will be owned equally between Dukemount Capital Plc and Rascasse Developments Ltd (Rascasse) and has been set up to facilitate expansion of the property portfolio. The directors of the joint venture are Lynn Waldron, Darryl Eales, Geoffrey Dart and Alfred Long. Rascasse has substantial experience in developing property within the Midlands. Dukemount brings its experience and knowledge of the supported living sector as well as institutions wishing to enter this important sector for their long-term income needs.
Dukemount Executive Chairman Geoffrey Dart said, "Lynn and Darryl bring a wealth of development expertise in the Midlands property sector where there is a lot of opportunity for Dukemount. Alfred has been working with Dukemount for some time and has been instrumental in the creation of this joint venture. Progress continues on the first 2 projects and updates will be made when appropriate".
Market Abuse Regulation (MAR) disclosure
Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Dukemount Capital Plc | Tel: +44 (0) 7874 762 821 |
Timothy Le Druillenec | |
Walbrook PR (Media and Investor Enquiries | Tel: +44 (0) 207 933 8780 |
Paul Cornelius / Gary Middleton | dukemountcapital@walbrookpr.com |
Optiva Securities Ltd | Tel: +44 (0) 203 137 1906 |
Christian Dennis - Corporate Broker | |
Jeremy King - Corporate Broker | |
Peterhouse Corporate Finance Limited | Tel: +44 (0) 207 469 0930 |
Lucy Williams/Duncan Vasey |