3rd Sep 2014 11:15
LONDON (Alliance News) - Sutton Harbour Holdings PLC's trading has been in line with expectations during the first five months of this financial year, its chairman is set to say at Wednesday's annual general meeting.
Sutton Harbour Holdings is an AIM-listed company specialising in waterfront regeneration and destination creation in Plymouth and South West England.
"It has been an active period for the company, promoting development opportunities around Sutton Harbour and facilitating infrastructure improvements to ensure continuity and growth of operations," Graham Miller will tell shareholders, according to a company statement.
He is also due to say that the company is continuing to work towards a "satisfactory" realisation of its interest in the 113 acre former Plymouth airport site.
In addition, Miller will say that Sutton Harbour is making "good progress" with its GBP1.2 million harbour infrastructure improvement programme, GBP500,000 of which will be grant funded.
"Forming key parts of this programme, the new ice plant and lock walkways are now being manufactured and are due to be in operational use this coming winter," Miller will say.
The company is also using a 'Vision for Sutton Harbour' document published in July to target "specific occupiers" in residential, office, leisure retail and food and beverage sectors.
"New planning applications are expected to follow later this year," the chairman will say.
Sutton Harbour shares were Wednesday quoted up 3.0% at 34.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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