7th Apr 2006 12:00
Crest Nicholson PLC07 April 2006 7th April 2006 Annual General Meeting Announcement Crest Nicholson PLC, the residential and mixed use development company, todayholds its Annual General Meeting. Commenting today, John Matthews, Chairman, said:- "The current housing market is steady - we are seeing modest house price growthin the South East while prices in the South West and Midlands are flat.Reservation rates are better than in the comparative period last year. In our view, the fundamentals of the housing market remain sound - supplycontinues to be constrained and demand is supported by good employment levelsand low interest rates. The quality of the contracted housing land bank underpins future performance andour appointment as the lead developer for the £250m regeneration project atWoolston Riverside in Southampton strengthens the agreed pipeline of urbanregeneration projects. The current market and the medium term outlook make us optimistic that Crestwill continue to perform in line with our expectations." Enquiries to: Crest Nicholson PLC Brunswick Group LLP Stephen Stone, Chief Executive Officer Andrew Fenwick Peter Darby, Finance Director Kate Miller Robert Gardener Tel: 01932 847272 Tel: 020 7404 5959 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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