The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUAI.L Regulatory News (UAI)

  • There is currently no data for UAI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

U+I secures development site in North East London

16 Aug 2016 07:00

RNS Number : 1773H
U and I Group PLC
16 August 2016
 

16 August 2016

U+I secures £95 million regeneration opportunity in North East London

U+I, the mixed-use property regeneration specialist, today announces that it has exchanged contracts with landowner, Parkdale Investments, to bring forward a £95 million mixed-use regeneration project for the Forest Works site on Blackhorse Road, North East London.

Currently an industrial site spanning 3 acres, the project has the potential to deliver 300 new homes and 5,500 sq. ft. of commercial space. Less than 150 metres from Blackhorse Road Station, the Forest Works site is located within the new Blackhorse Lane housing zone, with an ambition from the London Borough of Waltham Forest to deliver over 2,500 new homes and 1,000 new jobs in the next ten years.

The site was secured in an off-market transaction with Parkdale Investments for whom U+I will act as development manager with a capped equity investment on the project of £10 million.

Working closely with the council and the local community, U+I will develop plans for Forest Works reflecting the Council's aspirations for the area with an initial planning application expected to be submitted in early 2017.

Matthew Weiner, Chief Executive of U+I said: "We are delighted to have added this mixed-use regeneration opportunity to our significant development pipeline. Forest Works is set to deliver gains to U+I in the next 3 - 5 years in line with our stated IRR targets, as well as contributing to the socio-economic growth of the local area. This latest transaction further demonstrates our ability to secure regeneration opportunities in an equity-light manner within emerging parts of the London City Region."

For further information, please contact:

Lucy Grimble, Head of Communications and Investor RelationsLucyGrimble@uandiplc.com020 7828 4777

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAAKPDQCBKKFFD
Date   Source Headline
10th Sep 20207:00 amRNSAGM Trading Update
6th Aug 20202:59 pmRNSDirector/PDMR Shareholding
4th Aug 202011:25 amRNSMayfield secures £23m in Government funding
31st Jul 20207:00 amRNSAnnual Financial Report
31st Jul 20207:00 amRNSExtension in the maturity of unsecured loan notes
8th Jul 20207:00 amRNSResults for the year ended 31 March 2020
1st Jul 202010:56 amRNSDirector/PDMR Shareholding
1st Jul 20207:00 amRNSBlock listing Interim Review
26th Jun 20207:00 amRNSPositive planning decision at Kensington Ch. St.
22nd Jun 20207:00 amRNSPlanning application submitted for £770m scheme
16th Jun 20207:00 amRNSPositive planning decision at Landmark Court
12th Jun 20207:00 amRNS8 Albert Embankment update
11th Jun 20207:00 amRNSNotice of Preliminary Results
9th Jun 20205:04 pmRNSHolding(s) in Company
5th Jun 202010:53 amRNSHolding(s) in Company
3rd Jun 20204:41 pmRNSSecond Price Monitoring Extn
3rd Jun 20204:37 pmRNSPrice Monitoring Extension
12th May 20206:19 pmRNSHolding(s) in Company
23rd Apr 20207:00 amRNSResolution to grant planning and acquisition
15th Apr 20207:00 amRNSPost Close Trading Update
2nd Apr 20207:00 amRNSDisposal of Share in Harwell Campus
1st Apr 20202:49 pmRNSDirector/PDMR Shareholding
30th Mar 20204:50 pmRNSHolding(s) in Company
27th Mar 20207:00 amRNSDisposal of three non-core assets
20th Mar 20207:00 amRNSDevelopment & Trading Update
13th Feb 20204:01 pmRNSPositive planning decision for Phase 1 at Mayfield
24th Jan 20203:16 pmRNSDirector/PDMR Shareholding
6th Jan 20203:06 pmRNSDirector/PDMR Shareholding
20th Dec 20197:00 amRNSPlans submitted at Faraday Works, Greenwich
17th Dec 20192:43 pmRNSBlock listing Interim Review
13th Dec 20191:15 pmRNSDirector/PDMR Shareholding
10th Dec 20194:39 pmRNSHolding(s) in Company
4th Dec 20197:00 amRNSPositive planning decision at 8 Albert Embankment
3rd Dec 20192:16 pmRNSDirector/PDMR Shareholding
3rd Dec 201911:02 amRNSDirector/PDMR Shareholding
28th Nov 201911:58 amRNSDirector/PDMR Shareholding
28th Nov 201911:14 amRNSDirector/PDMR Shareholding
28th Nov 201911:12 amRNSDirector/PDMR Shareholding
27th Nov 20199:07 amRNSDirector/PDMR Shareholding
22nd Nov 20198:40 amRNSDirector/PDMR Shareholding
20th Nov 20197:00 amRNSInterim Results
23rd Oct 201912:17 pmRNSHolding(s) in Company
23rd Oct 201912:02 pmRNSHolding(s) in Company
2nd Oct 20197:00 amRNSCapital Markets Day
5th Sep 20197:00 amRNSPlanning permission at Swanley Shopping Centre
4th Sep 20194:37 pmRNSResult of AGM
27th Aug 20192:00 pmRNSClarification following press article
5th Aug 20193:23 pmRNSHolding(s) in Company
2nd Aug 20193:01 pmRNSHolding(s) in Company
8th Jul 20193:02 pmRNSBlock listing Interim Review

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.