Trafalgar Property Group PLC Company update (1599Q)
17 Junio 2020 - 1:00AM
UK Regulatory
TIDMTRAF
RNS Number : 1599Q
Trafalgar Property Group PLC
17 June 2020
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or the "Group")
Company Update
Trafalgar (AIM: TRAF), the AIM quoted residential property
developer operating in southeast England, provides the following
update:
Sale of land in Barnett Wood Lane, Ashtead Surrey
Further to the Company's announcement on 20 January 2020,
Trafalgar is pleased to announce that Ashtead has now been sold for
GBP687,500 and that funds received will be used for general working
capital requirements and for other schemes that are either in the
planning system or indeed being worked on.
The Company is also pleased to announce it achieved planning
permission on its site in Epsom Surrey and that this site is under
offer and going through legal due diligence.
Enquiries:
Trafalgar Property Group Plc
James Dubois +44 (0) 1732 700 000
Spark Advisory Partners Ltd - AIM Nominated
Adviser
Matt Davis +44 (0) 20 3368 3550
Peterhouse Capital Limited - Broker
Duncan Vasey/Lucy Williams +44 (0) 20 7409 0930
Notes to Editors:
Trafalgar Property Group Plc is the holding company of Trafalgar
New Homes Limited, a residential property developer operating in
the southeast of England and Trafalgar Retirement + Limited, a
property developer in the assisted living and extra care for the
elderly sector. The founders have a long track record of developing
new and refurbished homes, principally in Kent.
The Company's focus is on the select acquisition of land for
residential property development. The Company outsources all
development activities, for example the obtaining of planning
permission, design and construction, and uses fixed price build
contracts, enabling it to tightly control its development and
overhead costs.
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END
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