Sale of Doseley deveopment site for ?11m

RNS Number : 8834W

Breedon Aggregates Ld

13 November 2014

 



 13 November 2014

Breedon Aggregates Limited

("Breedon Aggregates" or "Breedon")

Sale of Doseley development site for £11m

Breedon Aggregates, the UK's largest independent aggregates business, has completed the sale of a 60-acre site at Doseley, near Telford in Shropshire, to BDW Trading Limited (a subsidiary of Barratt Developments Plc) for £11.0 million.

The land is on the site of a former concrete products plant and has outline planning consent for 460 homes, which will be built and marketed under the David Wilson Homes brand.

Breedon will receive phased cash payments over four years commencing in 2014.

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Note to editors

Breedon Aggregates is the largest independent aggregates business in the UK after the four global majors.  It operates 52 quarries, 27 asphalt plants, 61 ready-mixed concrete plants and three concrete block plants in England and Scotland and employs approximately 1,250 people.  The group has strong asset backing, with more than 450 million tonnes of mineral reserves and resources in the UK.  Breedon Aggregates' strategy is to grow through consolidation of the UK heavyside building materials sector.

For further information:

Breedon Aggregates Limited

Simon Vivian, Group Chief Executive              Stephen Jacobs, Head of Communications

Rob Wood, Group Finance Director                07831 764592

01332 694010                                                            

 

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