Purchase of 6 Apartments
September 01 2006 - 3:00AM
UK Regulatory
RNS Number:3253I
Off-Plan Fund Limited (The)
01 September 2006
For Immediate Release 1 September 2006
The Off-plan Fund Limited
Purchase of six apartments in Leicester
The Off-plan Fund Limited, which specialises in providing forward finance to UK
housebuilders, has completed on its contracts to purchase six apartments at
Wimbledon House in Leicester. The purchase price totalling #931,500 was
financed using cash reserves.
The purchase comprises six apartments on the ground and first floors within a
development of 20 units in a recently refurbished Victorian warehouse. The
Red-Book valuation carried out at the March interim period valued the properties
at #1,060,000.
The Board intendeds to let the apartments, whilst the immediate area undergoes
further redevelopment. Close by, a new landmark building, which is to house the
Performing Arts Centre, is due for completion in late 2007 and the Board
therefore believes there is potential for further capital growth.
List of Contacts
Development Capital Management
Roger Hornett
Tom Pridmore
020 7355 7600
Buchanan Communications
Charles Ryland
020 7466 5000
Numis Securities
Charles Farquhar
020 7776 1500
This information is provided by RNS
The company news service from the London Stock Exchange
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