Sale of Office Development
September 23 2003 - 5:51AM
UK Regulatory
RNS Number:0522Q
Terrace Hill Group PLC
23 September 2003
TERRACE HILL GROUP PLC (the "Group")
Sale of Office Development
The Group announces that it has exchanged contracts to sell its completed
development known as The Cube, Barrack Road, Newcastle-upon-Tyne, at a price
of #4.65 million payable in cash.
The 24,000 sq ft office development, near St James's Park, and with spectacular
views over the city, has been sold to a local professional firm. The price
reflects a normal speculative development margin which will contribute to the
current financial period to 31 October 2003.
Enquiries:
Miranda Kelly, Terrace Hill Group plc 0141 332 2014
David Ovens, Noble & Company Limited 0131 225 9677
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISIIFSAARIVFIV