Last checked at 12 Mar 2024 11:00
One Heritage Group plc (OHG) One Heritage Group plc: Practical Completion of North Church House, Sheffield 12-March-2024 / 11:00 GMT/BST 12 March 2024 ONE HERITAGE GROUP PLC (the “Company”) Practical Completion of North Church House, Sheffield
One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is pleased to announce the practical completion of North Church House, Sheffield, a residential redevelopment comprising 58 one and two bed apartments of a seven storey former office building in Sheffield City Centre.
Construction work commenced in Quarter 1 2022 with One Heritage Construction as the principal contractor leading the delivery of the project with a supporting team of Cube project managers, SSH architects, Kennedy Redford structural engineers, Crooks Walker mechanical and electrical engineers Crooks Walker mechanical engineers and RJD Associates principal designers.
As announced in the Group’s results, after careful internal evaluation, the Company has taken the decision to cease providing in-house construction services to both its direct development and development management projects in favour of the appointment of a fixed-price principal contractor. This takes effect following the completion of North Church House.
Jason Upton, One Heritage CEO, commented: “We are pleased to announce the completion of North Church House, Sheffield marking our second successful development management project. With this project’s conclusion, we are also implementing a strategic shift by ceasing in-house construction for both direct development and development management projects. Transitioning to engage fixed-price principal contractors aligns with our long-term strategic vision. This allows us to leverage specialised expertise and resources, mitigate risks, and streamline project management processes.”
Contacts
One Heritage Group plc Jason Upton Chief Executive Officer Email: jason.upton@one-heritage.com
Hybridan LLP (Financial Adviser and Broker) Claire Louise Noyce Email: claire.noyce@hybridan.com Tel: +44 (0)203 764 2341
About One Heritage Group One Heritage Group PLC is a property development and management company. It focuses on the residential sector primarily in the North of England, seeking out value and maximising opportunities for investors. In 2020 One Heritage Group PLC became one of the first publicly listed residential developers with a focus on co-living. The Company is listed on the Standard List of the Main Market of the London Stock Exchange, trading under the ticker OHG. For further information, please visit the Company’s website at https://www.oneheritageplc.com/. Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
| ISIN: | GB00BLF79495 |
| Category Code: | UPD |
| TIDM: | OHG |
| LEI Code: | 2138008ZZUCCE4UZHY23 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 309229 |
| EQS News ID: | 1856831 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.