One Heritage Group plc: Acquisition of Development Land on Victoria Road, Eccleshill, West Yorkshire (1396267)
12 Luglio 2022 - 12:00PM
UK Regulatory (RNS & others)
One Heritage Group plc (OHG) One Heritage Group plc: Acquisition
of Development Land on Victoria Road, Eccleshill, West Yorkshire
12-Jul-2022 / 11:00 GMT/BST Dissemination of a Regulatory
Announcement that contains inside information according to
REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The
issuer is solely responsible for the content of this
announcement.
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12 July 2022
ONE HERITAGE GROUP PLC
(the "Company" or "One Heritage")
Acquisition of Development Land on Victoria Road, Eccleshill,
West Yorkshire
One Heritage Group PLC (LSE: OHG), the UK-based residential
developer focused on the North of England, is pleased to announce
that it has completed the acquisition of development land on
Victoria Road, Eccleshill, West Yorkshire ("Victoria Road") for
GBP1,000,000. Victoria Road is located 3.5 miles from Bradford and
9.5 miles from Leeds, with excellent connectivity, and is within
easy reach by car to Harrogate and the countryside of the Yorkshire
Dales.
The land on Victoria Road was previously used for industrial
purposes and all buildings have been fully demolished. It has
planning consent for the construction of 24 houses which are a
mixture of 2, 3 and 4 bedrooms. Upon completion the development
will have a Gross Development Value of GBP6.5 million. Construction
is expected to start Q4 2022, with completion in Q3 2024.
The acquisition is being funded from the proceeds of the
successful GBP1.25 million subscription of shares, announced on 6
July 2022, which were admitted to trading on 8 July.
Jason Upton, CEO of One Heritage Group commented: "I am
delighted that we have secured this development land in Eccleshill
which will be our first new build housing development. Its location
fits our model of building residential property in areas with high
demand in the North of England."
Contacts
One Heritage Group plc
Jason Upton
Chief Executive Officer
Email: jason.upton@one-heritage.com
Luke Piggin
Finance Director
Email: luke.piggin@one-heritage.com
Hybridan LLP (Financial Adviser and Broker)
Claire Louise Noyce
Email: claire.noyce@hybridan.com
Tel: +44 (0)203 764 2341
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 our 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/
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ISIN: GB00BLF79495
Category Code: UPD
TIDM: OHG
LEI Code: 2138008ZZUCCE4UZHY23
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 174274
EQS News ID: 1396267
End of Announcement EQS News Service
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(END) Dow Jones Newswires
July 12, 2022 06:00 ET (10:00 GMT)
Grafico Azioni One Heritage (LSE:OHG)
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Da Set 2023 a Ott 2023
Grafico Azioni One Heritage (LSE:OHG)
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