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Trafalgar Prop. Grp (TRAF)

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Monday 20 May, 2019

Trafalgar Prop. Grp

Completion of sale

RNS Number : 5656Z
Trafalgar Property Group PLC
20 May 2019
 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

 

20 May 2019

 

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar", the "Company" or "Group")

 

Completion of sale

 

Further to the Company's announcement on 29 April 2019, Trafalgar (AIM: TRAF), the AIM quoted residential and assisted living property developer, is pleased to announce that the sale of the Group's site in Ewell, Surrey, has completed, resulting in a gross profit to the Group of £300,000.  The net proceeds from the sale will be used to provide additional working capital for the Group's activities.

 

Enquiries:

 

Trafalgar Property Group plc

James Dubois

 

+44 (0) 7899 995 421

Allenby Capital Ltd - AIM Nominated Adviser and Broker

Jeremy Porter/James Reeve/Liz Kirchner

 

+44 (0) 20 3328 5656

Yellow Jersey PR Limited

Charles Goodwin

+44 (0) 7747 788 221

 

 

 

Notes to Editors:

 

Trafalgar Property Group plc

 

Trafalgar Property Group plc is the holding company of two operating companies, Trafalgar Homes Limited, an established residential property developer operating in the southeast of England, and Trafalgar Retirement+ Limited, which is focussed on assisted living and extra care developments for the elderly. The founders of both subsidiaries have long track records in their respective specialist property disciplines.

 

The Company's focus is on the select acquisition of land for residential and assisted living / extra care property development. The Company outsources all development activities, for example the obtaining of planning permission, design and construction, and uses fixed price build contracts, enabling it to tightly control its development and overhead costs.

 

Trafalgar Retirement+ (formerly named Beaufort Homes, a retirement living property specialist developer, prior to its acquisition by Trafalgar in March 2018) is seeking to capitalise on the burgeoning demand for retirement properties within the South East of England and particularly vis-a-vis the assisted living segment. 

 

For further information visit www.trafalgarproperty.group

 


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