One Heritage Group plc: Practical Completion of St Petersgate, Stockport (1811273)
09 Gennaio 2024 - 2:30PM
UK Regulatory
One Heritage Group plc (OHG)
One Heritage Group plc: Practical Completion of St Petersgate, Stockport
09-Jan-2024 / 13:30 GMT/BST
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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 GBP15,000 per
annum. There is no construction finance to repay, and the Company expects to receive net proceeds of GBP2.9m 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/.
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse
Regulation (MAR), transmitted by EQS Group.
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.: 296438
EQS News ID: 1811273
End of Announcement EQS News Service
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(END) Dow Jones Newswires
January 09, 2024 08:30 ET (13:30 GMT)
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