29th May 2018 11:23
LONDON (Alliance News) - Trafalgar Property Group PLC said Tuesday its subsidiary Trafalgar Retirement+ Ltd agreed options over 14 properties to develop retirement homes.
The property developer said the 14 properties for development are across three sites, and after acquisition and refurbishment will provide further 165 one and two-bedroom units.
One of the sites is in Surrey, south west England. Trafalgar Retirement will acquire four adjacent properties for a total of GBP4.7 million.
In Berkshire, south east England, the company agreed the purchase of four adjacent properties for an aggregate consideration of GBP5.0 million
In Kent, south east England, it will acquire six adjacent properties for GBP3.2 million.
Following the purchase, Trafalgar Retirement will have options over a total of 27 properties across six development sites.
Trafalgar shares were untraded at 0.95 pence.
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