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U+I, Sale of Elizabeth House (Woking)

21 Nov 2016 07:00

RNS Number : 6295P
U and I Group PLC
21 November 2016
 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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