13 Nov 2017 07:00
13 November 2017
U and I Group PLC
£6.7m of gains realised from sale of four small projects
U+I (LSE:UAI), the specialist regeneration developer and investor, is pleased to announce the sale of four small legacy projects generating development and trading gains of £6.7 million, in line with the FY 2018 guidance provided for disposals of 'other projects'.
This takes the level of gains delivered since the start of our financial year to £16.1 million and demonstrates further progress on its strategy.
Matthew Weiner, Chief Executive, said:
"These disposals take us closer to realising our full year guidance of £65-£70 million of development and trading gains as outlined in our October interim results. We remain confident of meeting this target and look forward to updating shareholders on further positive progress in due course."
ENDS
For further information, please contact:
U and I Group PLC
Nicola Krafft
+44 20 7828 4777
ir@uandiplc.com
Camarco (Financial PR Adviser)
Geoffrey Pelham-Lane / Tom Huddart
+44 (0) 20 3757 4985/4996
uandi@camarco.co.uk
About U + I
U+I is a specialist regeneration developer and investor.
With a £6bn portfolio of complex, mixed-use, community-focused regeneration projects including a £200m investment portfolio, we are unlocking urban sites bristling with potential in the London, Manchester and Dublin city regions. We exist to create long-term socioeconomic benefit for the communities in which we work, delivering sustainable returns to our shareholders.
To find out more, visit www.uandiplc.com or follow us @uandiplc