Dukemount Capital PLC Completion of Wavertree Building Contract (8060T)
March 25 2019 - 2:01AM
UK Regulatory
TIDMDKE
RNS Number : 8060T
Dukemount Capital PLC
25 March 2019
25 March 2019
Dukemount Capital Plc
("Dukemount" or the "Company")
Completion of Wavertree Building Contract
Dukemount Capital Plc, the long-dated income provider and
property management company is pleased to announce that the
building contract for the redevelopment of the Wavertree property
in North West England has been signed by the contractor. The
refurbishment targeted date for the works to be completed is the 01
November 2019. The date for completion under the building contract
is 18 December 2019.
Dukemount is managing the refurbishment which will be funded by
monthly draw-downs from Time: Social Freehold. A development profit
is paid upon practical completion of the conversion works and this
will be reflected in the results which follow completion.
Dukemount Executive Chairman Geoffrey Dart said, "The agreement
with the contractor has been concluded and the refurbishment of the
Wavertree property will commence soon. The refurbishment requested
by the housing association, includes increasing the number of rooms
and adding some office space.
Architect plans and aerial photos of the project can be viewed
on our website at:
http://dukemountcapitalplc.com/media.php
For further information, please contact:
Walbrook PR (Media Tel: +44 (0) 207 933 8780
and Investor Enquiries
Gary Middleton / dukemountcapital@walbrookpr.com
Paul Cornelius
Peterhouse Corporate Tel: +44 (0) 207 469 0930
Finance Limited
Lucy Williams/Duncan
Vasey
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END
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