1 Mar 2012 12:26
"International designers and manufacturers of innovative quality floorcoverings"
Issued by Citigate Dewe Rogerson
Date: Thursday 1 March 2012 Immediate Release
Victoria plc
("Victoria" or the "Company")
Planning Consent Granted
At the time of the Group's Half-year results announced last November, the Board advised that it was continuing its endeavour to seek a 'change of use' and planning consent for the Group's sports ground in Worcestershire with the expectation, in due course, of receiving detailed planning consent on the site.
The Company is therefore pleased to report to shareholders that,Wyre Forest District Council has today issued a Planning certificate granting permission for the Company to develop the redundant 6.25-acre site in Kidderminster, Worcestershire.
The planning consent allows for the construction of a bowling 'Centre of Excellence', a public house/restaurant and a budget hotel.
The current book value for the site as at the last independent valuation date of April 2004 is £80,000. With the change of use, the Company plans to seek offers in excess of £1 million for the development of the site.
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Enquiries to: Victoria PLC |
Citigate Dewe Rogerson
|
Arden Partners plc
|
Office: +44 (0) 1562 749300 | Mobile: +44 (0) 7785 703523 | Office: +44 (0) 121 423 8900 |
Alan Bullock, Group Managing Director | Office: +44 (0) 121 362 4035 | Steve Douglas, Corporate Finance Director |
Or | Fiona Tooley | |
Ian Davies, Group Finance Director | ||
www.victoriaplc.com | ||
LSE; Premium Listing | ||
Ticker: VCP.L |
Victoria (VCP)