9 January 2024
ONE HERITAGE GROUP PLC
(the “Company”)
Practical Completion of St
Petersgate, Stockport
One Heritage Group PLC, the UK-based residential developer
focused on the North of England, is pleased to announce the
practical completion of St Petersgate, Stockport, a residential
development project consisting of 18 high-end apartments and one
commercial unit.
The property, formerly an office building, is located in the
heart of Stockport town centre. The five storey property is c.
12,000 square feet and comprises a mix of one and two bed
apartments.
Construction work on this project commenced in Q1 2022 with
One Heritage Construction as the principal contractor leading the
delivery of the redevelopment. The supporting design team comprised
project managers Innov8, SSH Architects, structural engineers
Kennedy Redford, mechanical and electrical engineers Crooks Walker
and principal designers RJD
Associates.
Sales are progressing and all 18 units have exchanged
contracts and the commercial unit has been pre let at £15,000 per
annum. There is no construction finance to repay, and the Company
expects to receive net proceeds of £2.9m later this
month.
Jason Upton, One Heritage CEO,
commented:
“We are pleased to announce the
completion of St Petersgate, Stockport marking our first practical
completion of 2024. The former office building has been completely
transformed into apartments and a commercial unit, testament to our
commitment to revitalise spaces and create new homes. The
development is in central Stockport and we are delighted to
contribute towards this area’s flourishing landscape and
community.”
Contacts
One Heritage Group plc
Jason Upton
Chief Executive Officer
Email: jason.upton@one-heritage.com
Anthony Unsworth
Chief Financial Officer
Email: anthony.unsworth@one-heritage.com
Hybridan LLP (Financial Adviser and
Broker)
Claire Louise Noyce
Email: claire.noyce@hybridan.com
Tel: +44 (0)203 764 2341
Yellow Jersey PR (Financial
PR)
Charles Goodwin/Annabelle Wills/Bessie Elliot
Email:
oneheritage@yellowjerseypr.com
Tel: +44 (0)203 004 9512
About One Heritage Group
One Heritage Group PLC is a property development and
management company. It focuses on the residential sector primarily
in the North of England, seeking out value and maximising
opportunities for investors. In 2020 One Heritage Group PLC became
one of the first publicly listed residential developers with a
focus on co-living.
The Company is listed on the Standard List of the Main Market
of the London Stock Exchange, trading under the ticker
OHG.
For further information, please visit the Company’s website
at https://www.oneheritageplc.com/.