Redrow PLC — Regulatory Filings 2015

Mar 27, 2015

National Storage Mechanism | Additional information

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RNS Number : 6283I

Redrow PLC

27 March 2015

Redrow plc

27 March 2015

SALE OF GROUND RENT PORTFOLIOS

Redrow plc advises that Redrow Homes Limited on 26th March 2015 contracted with Adriatic Land 3 Limited for the sale of its ground rent portfolios for its developments at Kingston Riverside, Kingston Riverwalk, Amberley Waterfront and 205 Holland Park in London for a total cash consideration of £10.2m. 

Legal completion of the Kingston Riverside and Kingston Riverwalk portfolios, comprising £8.3m of the total completed simultaneously. Legal completion of the other two portfolios, comprising £1.9m, is expected to take place in the next financial year.

Enquiries:

Redrow plc

Barbara Richmond, Group Finance Director                  01244 527411

Tulchan Communications

Tom Buchanan/Victoria Huxster                                    020 7353 4200

This information is provided by RNS

The company news service from the London Stock Exchange

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