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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Thg Plc | LSE:THG | London | Ordinary Share | GB00BMTV7393 | ORD GBP0.005 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.45 | -0.69% | 64.40 | 64.55 | 64.95 | 65.00 | 63.25 | 63.25 | 1,484,959 | 16:35:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Misc Retail Stores, Nec | 2.05B | -248.37M | -0.1867 | -3.47 | 862.91M |
TIDMTHG
RNS Number : 4023S
Terrace Hill Group PLC
07 November 2013
7 November 2013
TERRACE HILL GROUP PLC
("Terrace Hill" or the "Group" or the "Company")
TERRACE HILL ACQUIRES 5.3 ACRE FOODSTORE DEVELOPMENT SITE IN STOKESLEY NORTH YORKSHIRE
Terrace Hill Group PLC (AIM: THG), a leading UK property development and investment group, announces the conditional acquisition of 5.3 acre site in Stokesley, North Yorkshire, for a new foodstore development.
Terrace Hill plans to develop a 1,394 sqm net foodstore with 173 car parking spaces and a petrol filling station, as well as access infrastructure including a new roundabout junction on the A172.
A public consultation process for the development is about to commence with a planning application expected to be submitted prior to the end of 2013. If planning permission is granted, Terrace Hill anticipates that the new foodstore will be open by Easter 2015, following a forward agreement with a foodstore operator and a 10 month construction phase. Completion of the acquisition is conditional on obtaining planning consent for the development.
Philip Leech, Chief Executive Officer of Terrace Hill, said: "Having completed the development and sale of three substantial foodstores earlier this year, totalling 189,265 sq ft, the conditional acquisition of this site in Stokesley adds to our pipeline of foodstore developments. The pipeline now comprises two large developments in the planning process which are at Herne Bay and Middlesbrough, totalling approximately 225,000 sq ft, and a number of others which are under contract or review. We see considerable further opportunities in this specialist sector where we are firmly established as one of the market's leaders."
For further information, please visit www.terracehill.co.uk or contact:
Terrace Hill Tel: 020 7631 1666
Philip Leech/Jon Austen
FTI Consulting Tel: 020 7831 3113
Richard Sunderland/Will Henderson/Nick Taylor
terracehill@fticonsulting.com
Oriel Securities (Nominated Adviser) Tel: 020 7710 7600
David Arch
Mark Young
Notes to editors:
Terrace Hill Group
Terrace Hill Group PLC is a regionally based UK property development and investment group quoted on AIM.
Formed in 1986, the Company has five offices located in London, Glasgow, Teesside, Bristol and Manchester.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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