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Last checked at 
10 Nov 2025 14:59
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR THE UNITED STATES OF AMERICA OR TO US PERSONS, OR TO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
For release on 10 November 2025
DEVELOP NORTH PLC
(the "Company")
Quarterly Net Asset Value as at 31 August 2025
The Company announces that its unaudited Net Asset Value ("NAV") per share as at 31 August 2025 on a cum-income basis was 80.30 pence, an increase of 0.51 pence per share as compared to the NAV per share as at 31 May 2025.
For further information regarding Develop North PLC (LEI: 213800EXPWANYN3NEV68) please call:
Develop North PLC Ian McElroy
| +44 (0) 191 222 0099 |
Tier One Capital Ltd (Investment Adviser) Brendan O'Grady | +44 (0) 191 222 0099 |
Apex Fund Administration Services (UK) Limited (Secretary) Suzanna Waterhouse
| +44 (0) 1245 398984 |
Cavendish Capital Markets Limited (Sponsor, Broker and Financial Adviser) Andrew Worne | +44 (0) 207 220 0500 |
Develop North PLC is a closed-end investment company listed on the main market of the London Stock Exchange and specialises in providing finance to the residential and commercial property sector.
The Company's investment adviser is Newcastle upon Tyne based Tier One Capital Ltd. Tier One Capital is a wealth management and fund management firm providing financial advice services and bespoke tailored lending to the property development market.
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