DJ One Heritage Group plc: Development management agreement
One Heritage Group plc (OHG)
One Heritage Group plc: Development management agreement
24-Jun-2021 / 15:04 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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24 June 2021
ONE HERITAGE GROUP PLC
(the "Company" or "One Heritage")
Development management agreement
One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North West of England, announces
it has signed a new development management agreement with One Heritage North Church Limited in relation to a building
known as North Church House, Queen Street, Sheffield ("North Church House, Queen Street").
North Church House, Queen Street is an existing office building in the Cathedral District of Sheffield, close to One
Heritage's Bank Street scheme. The Company intends to redevelop North Church House, Queen Street into 58 self-contained
apartments with a gross development value of circa GBP7.6 million. The project is expected to complete in Q3 2022.
The Company's advisory fees for the development management of North Church House, Queen Street are agreed at:
- 2% development management fee based on the total development costs and paid over the expected development period;
- 15% of the net profit generated by North Church House, Queen Street at completion; and,
- 1% of any external debt funding raised.
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 its investors. It has 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.: 113478
EQS News ID: 1211785
End of Announcement EQS News Service
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June 24, 2021 10:04 ET (14:04 GMT)
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