8 Albert Embankment update

12 June 2020

U and I Group PLC

8 Albert Embankment update

U+I (LSE:UAI), the specialist regeneration developer and investor, today announces that the Secretary of State (SoS) for Housing, Communities and Local Government has called in its £500 million Gross Development Value 8 Albert Embankment scheme, which is held in joint venture with London Fire Commissioner. This follows a resolution to grant planning permission at Lambeth's Planning Committee on 3 December 2019.

U+I and London Fire Commissioner will consider their position and make a further statement in due course.

ENDS

For further information, please contact: 

U+I

Nicola Krafft

+44 (0) 20 7828 4777

[email protected]

Camarco (Financial PR Adviser)

Geoffrey Pelham-Lane / Tom Huddart

+44 (0)20 3757 4985 / 4991

[email protected] 

About U+I

U+I is a specialist regeneration developer and investor.

With a >£11.5 billion portfolio of complex, mixed-use, community-focused regeneration projects including a £147.1 million investment portfolio, we are unlocking urban sites bristling with potential in the London City Region (within one hour's commute from Central London), Manchester and Dublin. We exist to create long-term socio-economic benefit for the communities in which we work, delivering sustainable returns to our shareholders.

To find out more, visit www.uandiplc.com or follow us @uandiplc