One Heritage Group plc (OHG) 
One Heritage Group plc: Churchgate update and refinance of Oscar House 
28-Dec-2023 / 07:00 GMT/BST 
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28 December 2023 
ONE HERITAGE GROUP PLC 
(the "Company") 
Churchgate update and refinance of Oscar House 
 
One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is providing an 
update on the disposal of Churchgate, Leicester and the refinance of Oscar House, Manchester. 
 
In November 2023, the Group announced that it had exchanged contracts for a sale of land at Churchgate, Leicester. 
However, following a Rights of Light claim against the development, the contract for sale has been rescinded pending 
resolution of the matter. The Group will update on progress in this regard in due course. 
 
The Group has successfully refinanced Oscar House, Manchester, repaying the previous debt of GBP2.7m. An agreement has 
been entered into with a new lender on similar financial terms and a period of 18 months, to provide adequate funding 
until all 19 remaining units are legally completed and handed over to purchasers.  The new arrangement allows the 
Company, as required, to let the unsold units and it is estimated that this would generate maximum rental receipts of 
GBP300,000 per annum. 
 
Jason Upton, Chief Executive Officer, commented: "We are pleased to have agreed a financing arrangement on Oscar House 
which will enable us to also generate rental income if appropriate. It has been a milestone FY23 for the Group as we 
delivered our first wave of practical completions. We look forward to continuing delivery of our strategy in FY24 and 
to updating on progress." 
 
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/. 
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The issuer is solely responsible for the content of this announcement. 
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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.:   294188 
EQS News ID:    1804511 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

December 28, 2023 02:00 ET (07:00 GMT)

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