9th Aug 2007 09:48
Artisan (UK) PLC09 August 2007 Artisan (UK) plc Second Major pre-let Artisan (UK) plc ("Artisan" or "the Group"), the residential house builder andcommercial business park developer, announces further progress in developing itsproperty businesses with the pre-let of a new unit at its Vantage Business Parkin Huntingdon. The unit will be retained as the second property within Artisan'sinvestment property business and will be partly occupied by Artisan's headoffice. The Board announced in May 2007 its strategy of retaining selected propertiesfrom its development portfolio as investment properties together with theannouncement of the first investment property at Colmworth. The agreement to lease is in respect of a bespoke unit at Vantage Business Parkin Huntingdon, due for build completion in late 2007. The building will be intwo parts with Speymill Group plc (''Speymill'') occupying 5,000 sq ft andArtisan occupying 3,000 sq ft. The Board is satisfied that this opportunityfulfils its criteria for retention as an investment property unit. Artisan's Chief Executive, Chris Musselle, commented: "Artisan shares itspresent office premises, on which the lease has ended, with Speymill and willcontinue to do so in the Vantage Business Park: this new building is a logicalnext step for Artisan, reflecting the progress made in recent years." Chief Executive of Speymill, Andrew Latham said: "The new office space isdesperately needed as Speymill Contracts Ltd, our UK contracting subsidiary,continues the significant expansion of its hospitality based constructionbusiness, and we are pleased to be involved with Artisan in the creation of ournew offices." Artisan (UK) plcChris Musselle Chief Executive 01480 436666 [email protected] Brewin Dolphin Securities Nominated advisers 0121 236 7000LimitedIfor Williams Bankside Consultants Financial PR advisers 020 7367 8888Simon Rothschild 07703 167065Louise Mason Company website: www.artisan-plc.co.uk www.artisandevelopments.co.uk Speymill website www.speymill.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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