One Heritage Group plc (OHG) 
One Heritage Group plc: Development update 
 
07-Jan-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. 
 
07 January 2021 
 
                           ONE HERITAGE GROUP PLC 
 
                             Development update 
 
One Heritage Group PLC (LSE: OHG) ("One Heritage"), the UK-based residential 
   developer focused on the North West of England, is providing an update on 
 the progress of projects owned and managed. In the prospectus, published on 
 18 December 2020 prior to its admission to the Main Market, the Company set 
  out specific commencement dates for various projects including development 
       management properties. Three of those projects are subject to revised 
  timetables due to the fast-changing backdrop of the UK economy relating to 
   COVID and the various tiered system measures leading to a third full lock 
                                                                       down. 
 
5-9 Nicholas Street, Burnley is a single property that the Group acquired to 
 convert into a 13 room Co-living property. The initial expectation was that 
  this would be completed by the end of 2020 and once occupied, marketed for 
       sale. It is now expected that the refurbishment will complete and the 
 property will be occupied in Q1 2021 with the marketing of the property for 
                                                            sale thereafter. 
 
  One Heritage is the development manager for four other sites as at today's 
 date and two of those are Waterloo Place, the landmark 545-unit development 
       in Salford; and the former Oldham Court House on New Radcliff Street, 
Oldham, which is being developed into 43 apartments. The Company highlighted 
  that construction would commence for Waterloo Place at the end of 2020 and 
     that Oldham County Court would have achieved planning at the same time. 
       However, it is now expected that construction for Waterloo Place will 
commence in Q2 2021 and that Oldham County Court will have achieved planning 
                                                                 in Q1 2021. 
 
         One Heritage CEO Jason Upton said: "We have been operating within a 
  challenging environment including a new national lockdown, but continue to 
       experience strong demand for our properties, especially from overseas 
 buyers. We have seen no sign of demand slowing in 2021 and expect to have a 
                           strong year for property sales and reservations." 
 
                              This announcement contains inside information. 
 
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 is a property development and investment management Company, 
   focusing on the residential sector primarily in the North West, acting as 
 its own principal or development manager on behalf of third-party investors 
   for both development activities and refurbishment activities. The Company 
 also undertakes letting and property and facilities management services for 
                                                             these products. 
 
  We are a team of dedicated and experienced professionals who have a proven 
    track record in complex property development and investment. In 2020 One 
      Heritage Group plc became one of the first publicly listed residential 
                                       developers with a focus on co-living. 
 
 One Heritage Group plc 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.one-heritageplc.com/ 
 
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.:   90977 
EQS News ID:    1158904 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

January 07, 2021 02:00 ET (07:00 GMT)

One Heritage (LSE:OHG)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas One Heritage.
One Heritage (LSE:OHG)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas One Heritage.