30 Oct 2018 14:00
30 October 2018
Dukemount Capital Plc
("Dukemount" or the "Company")
Planning Permission Granted on Second Acquisition
Dukemount Capital plc, the long-dated income provider and property management company is pleased to announce that this afternoon, it has been granted planning permission for a minor extension to be built on the second acquisition.
The extension was requested by Inclusion Housing and the care provider, Lifeways Group to accommodate an increase in rooms and to add office space in the property. As previously announced, this will enhance the value of the acquisition due to the increased rental payable on the property.
The architect plans and drawings for this project will appear on our website www.dukemountcapitalplc.com.
Dukemount Executive Chairman Geoffrey Dart said, "I am pleased to be able to announce a successful planning outcome on our second acquisition in North West England. I anticipate a smoother flow of updates in the coming months.
Market Abuse Regulation (MAR) disclosure
Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.
For further information, please contact:
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Walbrook PR (Media and Investor Enquiries | Tel: +44 (0) 207 933 8780 |
Paul Cornelius / Gary Middleton | dukemountcapital@walbrookpr.com |
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Optiva Securities Ltd | Tel: +44 (0) 203 137 1906 |
Christian Dennis - Corporate Broker |
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Jeremy King - Corporate Broker |
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Peterhouse Corporate Finance Limited | Tel: +44 (0) 207 469 0930 |
Lucy Williams/Duncan Vasey |
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Dukemount Capi. (DKE)