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Pin to quick picksSutton Harbour Holdings Regulatory News (SUH)

Share Price Information for Sutton Harbour Holdings (SUH)

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Site Acquisition

21 Dec 2020 10:18

RNS Number : 3648J
Sutton Harbour Group PLC
21 December 2020
 

21 December 2020

Sutton Harbour Group plc (the "Company")

 

Site Acquisition

 

The Company has completed the freehold purchase of a site of approximately 1.5 acres at market value immediately to the east of Sutton Harbour. Financing by way of a new loan with a private funder has been secured with a first charge on the purchased site, a first charge against another freehold site owned by Sutton Harbour, and with the Company's banker maintaining a second charge on that other freehold site.

The Company has submitted formal planning applications for two new residential-led developments, which will the kickstart the long-held aspiration of the Local Authority for the regeneration of the area immediately to the east of Sutton Harbour, bounded by Sutton Road on the west, Gdynia Way on the east, Exeter Street on the north and the Barbican Approach on the south. These two new developments include over 200 housing units, retail and live-work space and parking in two complexes; one adjacent to St. John's Bridge and the second on the east side of Sutton Road. The first development, adjacent to St. John's Bridge, will include a new east-west public walkway which will allow pedestrian connectivity from the east side of Sutton Harbour at Sugar Quay through the new developments to St. John's Bridge, providing a direct linkage to/from the residential communities further east.

In addition, the Company has submitted an application to modify the approved development of the Sugar Quay site on the eastern side of Sutton Harbour with 170 luxury flats and over 2,000 sq. metres of waterfront retail space, providing for the accommodation of the necessary parking related to Sugar Quay in the St John's Bridge development.

These formal applications follow months of extensive work including detailed design, thorough discussions with the PCC officers in the Planning and other Departments, other relevant public bodies, and public consultation. Subject to planning consent and construction finance, the build programme could start within a year of consent, to enhance the available housing supply, contribute to the restart of the local economy and achieve the long-held planning objectives.

Additionally, the Company received planning consent last week for the installation of "event pontoons" within Sutton Harbour. The moveable pontoons will be available for events on the water in Sutton Harbour for the entertainment and active participation of local residents and visitors to Plymouth.

 

For further information, please contact

 

Sutton Harbour Group plc

Philip Beinhaker - Executive Chairman

Corey Beinhaker - Chief Operating Officer

Natasha Gadsdon - Finance Director

 

01752 204186

Arden Partners (Nomad and Broker)

Paul Shackleton

Benjamin Cryer

 

020 7614 5924

 

 

 

 

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ACQFLFLIFDLLFII
Date   Source Headline
6th Aug 20147:00 amRNSProperty Letting Update
17th Jun 20147:00 amRNSFinal Results
7th Apr 201410:53 amRNSHolding(s) in Company
2nd Apr 20147:00 amRNSTrading Update
25th Feb 20147:00 amRNSFormer Airport Site Update
24th Jan 20147:00 amRNSProperty Letting Update
6th Dec 20137:00 amRNSPlymouth To Host Sailing Race
4th Dec 20137:00 amRNSInterim Results
3rd Oct 20137:00 amRNSDirector/PDMR Shareholding
27th Sep 20137:00 amRNSOpening of King Point Marina
23rd Sep 20137:00 amRNSBoard Changes and New Chairman
4th Sep 20133:22 pmRNSResult of AGM
4th Sep 201312:00 pmRNSAGM Statement
9th Aug 20137:00 amRNSDismissal of alternative £150M development plan
30th Jul 20137:00 amRNSSutton Harbour Update
19th Jun 20137:00 amRNSPreliminary Results
3rd Jun 20137:00 amRNSWave gates installed at King Point Marina
9th May 20132:20 pmRNSFormer Airport Site Update
9th Apr 20133:32 pmRNSHolding(s) in Company
9th Apr 20137:00 amRNSTrading Update
22nd Mar 20137:00 amRNSEast Quays site Update
12th Dec 20127:00 amRNSInterim Results
7th Dec 20129:30 amRNSNotice of Results
26th Nov 20127:00 amRNSLaunch of Sutton Harbour Destination Initiative
20th Nov 20127:00 amRNSChange of Registered Office
16th Oct 20122:13 pmRNSHolding(s) in Company
4th Oct 201211:47 amRNSDirector/PDMR Shareholding
5th Sep 20123:38 pmRNSResult of AGM
5th Sep 201212:00 pmRNSAGM Statement
23rd Aug 20122:43 pmRNSDirector/PDMR Shareholding
6th Aug 20127:00 amRNSCompletion of lease agreement for new marina
27th Jun 20127:00 amRNSFinal Results
16th May 20127:00 amRNSAppointment of New Director
3rd May 20127:00 amRNSDisposal of Investment
3rd Apr 20127:00 amRNSTrading Update
7th Mar 20127:00 amRNSChange of Auditor
28th Feb 20128:13 amRNSDirector's Dealing
31st Jan 20127:00 amRNSDirectorate Change
25th Jan 201210:29 amRNSHolding(s) in Company
20th Jan 20125:23 pmRNSHolding(s) in Company
18th Jan 20124:11 pmRNSHolding(s) in Company
18th Jan 20121:30 pmRNSDirectors' interests in shares
18th Jan 201211:28 amRNSHolding(s) in Company
18th Jan 201211:20 amRNSHolding(s) in Company
17th Jan 20123:25 pmRNSResult of the Placing and Open Offer
23rd Dec 20117:00 amRNSPlacing and Open Offer Announcement
8th Dec 201111:00 amRNSInterim Results - Replacement
8th Dec 20117:00 amRNSInterim Results
24th Nov 20117:00 amRNSProperty Disposals
10th Nov 201112:30 pmRNSDirector's resignation

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