2nd Jul 2015 07:56
LONDON (Alliance News) - Alpha Real Trust Ltd Thursday said it has bought a development site in central Birmingham for GBP2.2 million.
Alpha Real Trust said the 162 unit development site has planning consent for 90,000 net develop-able square feet of residential apartments with ground floor commercial. Current planning provides for 395 square metres of commercial space and 98 car parking spaces, the company said.
The acquisition was funded from cash reserves. It has a potential gross development value of more than GBP25 million.
Alpha Real Trust shares were untraded on Thursday morning. The stock last traded at 67.74 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Alpha Real