Last checked at 30 Aug 2017 17:21
30 August 2017
Taylor Wimpey plc
Development land in Central London
The Group confirms that it has exchanged contracts on the purchase of development land, in Central London, from the Royal Mail, for a total cash consideration of £190 million. The acquired land represents part of the Mount Pleasant estate, some of which will be retained by Royal Mail. The development represents a compelling multi-year development opportunity in a high-quality location.
The acquisition meets all the Group's key investment criteria, including an attractive return on capital given the phasing of capital deployment.
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For further information please contact:
Taylor Wimpey plc Tel: +44 (0) 7823 419000
Pete Redfern, Chief Executive
Ryan Mangold, Group Finance Director
Harry Goad, Investor Relations
Finsbury Tel: +44 (0) 20 7251 3801
Faeth Birch
Anjali Unnikrishnan
Notes to editors:
Taylor Wimpey plc is a UK-focused residential developer which also has operations in Spain. For further information please visit the Group's website: www.taylorwimpey.co.uk
Follow us on Twitter @TaylorWimpeyplc