DJ One Heritage Group plc: Acquisition of Development Land on Victoria Road, Eccleshill, West Yorkshire
One Heritage Group plc (OHG) One Heritage Group plc: Acquisition of Development Land on Victoria Road, Eccleshill, West Yorkshire 12-Jul-2022 / 11:00 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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12 July 2022
ONE HERITAGE GROUP PLC
(the "Company" or "One Heritage")
Acquisition of Development Land on Victoria Road, Eccleshill, West Yorkshire
One Heritage Group PLC (LSE: OHG), the UK-based residential developer focused on the North of England, is pleased to announce that it has completed the acquisition of development land on Victoria Road, Eccleshill, West Yorkshire ("Victoria Road") for GBP1,000,000. Victoria Road is located 3.5 miles from Bradford and 9.5 miles from Leeds, with excellent connectivity, and is within easy reach by car to Harrogate and the countryside of the Yorkshire Dales.
The land on Victoria Road was previously used for industrial purposes and all buildings have been fully demolished. It has planning consent for the construction of 24 houses which are a mixture of 2, 3 and 4 bedrooms. Upon completion the development will have a Gross Development Value of GBP6.5 million. Construction is expected to start Q4 2022, with completion in Q3 2024.
The acquisition is being funded from the proceeds of the successful GBP1.25 million subscription of shares, announced on 6 July 2022, which were admitted to trading on 8 July.
Jason Upton, CEO of One Heritage Group commented: "I am delighted that we have secured this development land in Eccleshill which will be our first new build housing development. Its location fits our model of building residential property in areas with high demand in the North of England."
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 of England, seeking out value and maximising opportunities for our investors. 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.: 174274 EQS News ID: 1396267 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
July 12, 2022 06:00 ET (10:00 GMT)
