DJ One Heritage Group plc: Disposal of Seaton House, Stockport
One Heritage Group plc (OHG)
One Heritage Group plc: Disposal of Seaton House, Stockport
04-Jul-2024 / 07:00 GMT/BST
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4 July 2024
ONE HERITAGE GROUP PLC
(the "Company" or "OHG")
Disposal of Seaton House, Stockport
One Heritage Group PLC ("the Company" or "OHG"), the UK-based residential developer, development manager and property
manager focused on the North of England is pleased to announce that it has completed the sale of the building Seaton
House, Stockport for GBP600,000.
Additionally, the Company has exchanged conditional contracts for the sale of the land to the rear of Seaton House, an
existing car park, for a sale price of GBP400,000. The completion of this sale is subject to the buyer obtaining planning
approval. The contract includes a nine month long stop period with the seller able to extend by three months, and the
buyer is obligated to submit the planning application within three months of the exchange of contracts.
Should the conditional land transaction also complete, total gross proceeds would therefore be GBP1,000,000 on which the
Company would recognise a loss after selling costs of GBP139,000.
Proceeds from these transactions will be reinvested into the Company's pipeline of residential development projects in
the North of England.
Contacts
One Heritage Group plc
Jason Upton
Chief Executive Officer
Email: jason.upton@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 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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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse
Regulation (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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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.: 331947
EQS News ID: 1939241
End of Announcement EQS News Service
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