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Acquisition of Development Project

1 Aug 2014 12:54

RNS Number : 0478O
Northacre PLC
01 August 2014
 



Northacre PLC

("Northacre" or the "Company")

 

Acquisition of Development Project

 

Northacre is pleased to announce completion of the acquisition of 22 Prince Edward Mansion (the "Property") by Northacre Capital (7) Limited, a wholly owned subsidiary of Northacre. The acquisition, for a price of £3.7m payable in cash on completion, and subsequent development project, will be financed by a combination of Northacre's existing cash resources and third party debt finance.

 

The Property is a sought after period mansion block located in the heart of Notting Hill, London, and enjoys close proximity to the expansive green spaces of Kensington Gardens. The concept is to create an exclusive 2,675 square foot lateral penthouse apartment, with the potential use of outdoor terraces. Northacre expect to start work on-site in October 2014 with completion due during the summer of 2015.

 

 

Enquiries:

 

Northacre PLC Tel: 020 7349 8000

Klas Nilsson (Non-Executive Chairman)

Niccolò Barattieri di San Pietro (Chief Executive Officer)

 

finnCap Ltd Tel: 020 7220 0500

Stuart Andrews

Henrik Persson

This information is provided by RNS
The company news service from the London Stock Exchange
 
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Date   Source Headline
27th Feb 20132:40 pmRNSDirectorate Change
21st Feb 201312:09 pmRNSAhmed Ali Mukhtar Al Yousuf Form 8.3 - Northacre
15th Feb 20137:00 amRNSOffer Unconditional
7th Feb 20133:06 pmRNSOffer Document Posted
7th Feb 201310:17 amRNSForm 8 (DD) - [Spadille Limited]
5th Feb 20131:56 pmRNSForm 8.3 - Northacre PLC
5th Feb 201310:56 amRNSForm 8 (DD) - [Spadille Limited]
4th Feb 201311:39 amRNSStatement re Possible Offer
31st Jan 20132:37 pmRNSHolding(s) in Company
29th Jan 20133:44 pmRNSHolding(s) in Company
28th Jan 20132:46 pmRNSForm 8.3 - Ahmed Ali Mukhtar Al Yousuf
28th Jan 201310:23 amRNSStatement re Possible Offer
25th Jan 20132:53 pmRNSOffer Update (Correction)
25th Jan 20132:37 pmRNSOffer Update
21st Jan 20132:22 pmRNSHolding(s) in Company
21st Jan 20138:21 amRNSForm 8.5 (EPT/RI) - Northacre Plc
18th Jan 20135:29 pmRNSStatement re Possible Offer
18th Jan 20133:24 pmRNSHolding(s) in Company
18th Jan 20132:38 pmRNSDirector/PDMR Shareholding
18th Jan 201312:23 pmRNSForm 8.3 - Northacre PLC
18th Jan 201310:48 amRNSForm 8.5 (EPT/RI) - Northacre Plc
18th Jan 20137:00 amRNSChange of Adviser
18th Jan 20137:00 amRNSForm 8 (DD) - [Abu Dhabi Capital Management LLC]
18th Jan 20137:00 amRNSMandatory cash offer for Northacre plc
17th Jan 20134:57 pmRNSAmended Form 8 (DD) - ADCM LLC
17th Jan 20134:43 pmRNSForm 8.3 - Northacre Plc
17th Jan 20132:50 pmRNSRecommended cash offer for Northacre plc
17th Jan 201311:40 amRNSForm 8.5 (EPT/RI) - Northacre Plc
17th Jan 201311:20 amRNSForm 8 (DD) - [Abu Dhabi Capital Management LLC]
16th Jan 201310:57 amRNSForm 8.5 (EPT/RI) - Northacre Plc
15th Jan 20135:18 pmRNSForm 8.5 (EPT/RI)- Northacre Plc Replacement
15th Jan 201311:59 amRNSForm 8.5 (EPT/RI) - Northacre Plc
14th Jan 20138:49 amRNSForm 8 (OPD) (Northacre PLC - CORRECTION)
14th Jan 20137:00 amRNSPossible Offer for Northacre plc
8th Jan 20132:55 pmRNSForm 8 (OPD) (Northacre plc)
8th Jan 201311:59 amRNSForm 8.3 - Northacre PLC
7th Jan 20134:47 pmRNSForm 8.3 - Northacre plc
7th Jan 201310:20 amRNSForm 8.5 (EPT/RI) - Northacre Plc
7th Jan 20137:00 amRNSForm 8.3 - Northacre PLC
4th Jan 201311:27 amRNSForm 8.5 (EPT/RI)Northacre Plc
3rd Jan 20133:50 pmRNSForm 8.5 (EPT/RI) - Northacre Replacement
3rd Jan 201310:36 amRNSForm 8.5 (EPT/RI) - Northacre Plc
2nd Jan 20135:25 pmRNSHolding(s) in Company
2nd Jan 20132:21 pmRNSForm 8.3 - Northacre plc
2nd Jan 201311:20 amRNSForm 8.5 (EPT/RI) - Northacre Plc
2nd Jan 20139:14 amRNSHolding(s) in Company
31st Dec 20129:11 amRNSForm 8.5 (EPT/RI) - Northacre Plc
31st Dec 20127:00 amRNSForm 8 (OPD) (Northacre PLC))
28th Dec 201210:22 amRNSForm 8.5 (EPT/RI) - Northacre Plc
28th Dec 20127:00 amRNSStatement re Possible Offer

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