One Heritage Group plc: Signing construction finance facility (1199101)
21 Maggio 2021 - 8:00AM
UK Regulatory
One Heritage Group plc (OHG)
One Heritage Group plc: Signing construction finance facility
21-May-2021 / 07:00 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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21 May 2021
ONE HERITAGE GROUP PLC
(the "Company" or "One Heritage")
Signing construction finance facility
One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North West of England, is pleased
to announce that it has signed its first construction finance facility with Lyell Trading Limited, the development
finance company of the Blackfinch Group (the "Facility") on its Oscar House, Chester Road, Manchester development
("Oscar House").
The Facility is for a net amount of GBP3.5 million over an 18-month term with a 9.6% nominal interest rate. The Facility
is drawn down as construction costs are incurred on Oscar House.
Oscar House is a development of 27 self-contained apartments in central Manchester with a gross development value of
GBP6.1 million. Winworth Construction Limited is the principal contractor on the site and construction work has already
commenced. One Heritage expects the development to finish in Q1 2022. The remaining costs for Oscar House are being
funded through existing resources.
One Heritage is continuing discussions with lenders for its other developments.
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-west of England, seeking out value and maximising opportunities for our investors. We are a team of
dedicated residential property development experts. 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.: 106480
EQS News ID: 1199101
End of Announcement EQS News Service
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