Preferred Bidder

RNS Number : 9227U

Sutton Harbour Holdings PLC

25 October 2010

 



For Immediate Release                                                                                     25 October 2010

Sutton Harbour Holdings plc (the "Group")

Preferred bidder 

The Group is pleased to announce that it has been selected by the South East of England Development Agency (SEEDA) as the preferred bidder for the regeneration and operation of a new outer harbour development at East Cowes, Isle of Wight (the "Scheme"). The Scheme includes a new outer breakwater and a marina of 300 permanent berths together with an additional 100 visitor berths.

The Group will now progress to the detailed negotiation stage of the procurement process.

Michael Knight, Chairman, said,

"This is a positive step with the Group progressing with new opportunities which are aligned with our core strengths of regeneration, partnering and marine facility management".

Nigel Godefroy, Group Chief Executive            

Sutton Harbour Holdings plc                       Tel: [phone]

Bobbie Hilliam,

Evolution Securities                                     Tel: [phone]

Richard Day,

Arden Partners                                            Tel: [phone]

Paul Vann,

Winningtons Financial                                   Tel: [phone] or 07768 807631

 

END

 

 

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