21 Nov 2016 07:00
21 November 2016
U+I REALISES FURTHER GAINS FOLLOWING THE SALE OF ELIZABETH HOUSE IN WOKING
U and I Group PLC (U+I, LSE: UAI or the "Company"), the mixed use regeneration specialist, announces that it has exchanged contracts on the sale of Elizabeth House Building in Woking in the London City Region, realising a profit in excess of £3.5 million, in line with the expectations set out at the interim results.
Matthew Weiner, Chief Executive, said: "The sale of this site takes development and trading profits in the year to date to £30 million with further gains expected in the next few months to the end of the financial year."
For further information, please contact:
Jessica Stalley, Interim Head of Investor Relations
ir@uandiplc.com 020 7828 4777