Last checked at 29 Jul 2020 07:00
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
29 July 2020
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or "Group")
Completion of sale
Further to the Company's announcement on 17 June 2020, Trafalgar (AIM: TRAF), the AIM quoted property developer, is pleased to announce the sale of the Group's site in Epsom in Surrey for £385,000. The net proceeds from the sale will be used to provide additional working capital for the Group's activities.
Enquiries:
Trafalgar Property Group Plc James Dubois
| +44 (0) 1732 700 000 |
Spark Advisory Partners Ltd -AIM Nominated Adviser Matt Davis
| +44 (0) 20 3368 3550 |
Peterhouse Capital Limited - Broker Duncan Vasey/Lucy Williams
| +44 (0) 20 7409 0930
|
Notes to Editors:
Trafalgar Property Group Plc is the holding company of Trafalgar New Homes Limited, a residential property developer operating in the southeast of England and Trafalgar Retirement + Limited, a property developer in the assisted living and extra care for the elderly sector. The founders have a long track record of developing new and refurbished homes, principally in Kent.
The Company's focus is on the select acquisition of land for residential property development. The Company outsources all development activities, for example the obtaining of planning permission, design and construction, and uses fixed price build contracts, enabling it to tightly control its development and overhead costs.