5th Mar 2008 13:45
Terrace Hill Group PLC05 March 2008 5 March 2008 Terrace Hill Group PLC ('Terrace Hill' or 'the Group') Completed Sale of Hammersmith Property for £30.75m Further to the announcement on 20 December 2007, Terrace Hill, the AIM-listedproperty group, has completed the sale of its riverside site, Queens Wharf inHammersmith, to Westcity plc and Byrne Estates for £30.75m. The Group purchasedan option to acquire the prominent development site, which is likely to beconverted into high quality residential apartments, from a private investor for£17.0m in October 2006. * * ENDS * * For further information please visit www.terracehill.co.uk or contact: Philip Leech, Group Managing Director Tel: 01642 243444 Scott Richardson Brown/Luke Webster, Oriel Securities Tel: 020 7710 7600 Isabel Crossley, St Brides Media & Finance Ltd Tel: 020 7236 1177 Notes to editors Terrace Hill Group PLC is an AIM-listed property group with three key divisions:Commercial Development, Residential Investment and Development and HouseBuilding. It has a total development programme of £1.3bn. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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