Business
Conditional Sale to Bellway of Land at Blindwells
Conditional Sale to Bellway of Land at Blindwells.
About this update from Hargreaves Services Plc
[{"type":"text","content":"\n \nRNS Number : 1026A Hargreaves Services PLC 24 May 2019 \n\n24 May 2019 \n \nHargreaves Services plc \n(\"Hargreaves\" or the \"Group\") \nConditional Sale to Bellway of Land at Blindwells\nHargreaves Services plc (AIM: HSP), a diversified group delivering services to the industrial and property sectors, is pleased to announce that it has exchanged conditional contracts with Bellway Homes Limited (\"Bellway\") for the sale of 10.75 acres of serviced residential development land at its key Blindwells site near Edinburgh.\nLegal completion of the Bellway transaction, which is valued at over £9m in proceeds to Hargreaves, is principally dependent upon receiving detailed planning permission and associated statutory approvals. It is expected that these will not be received until the second half of calendar year 2020.\nThe entire Blindwells site has outline planning consent for 1,600 houses. \nEarlier this year, a conditional contract was exchanged with a leading Scottish housebuilder in Hargreaves' first sale of land at Blindwells. The contract has a value to Hargreaves of over £1m. Detailed planning consent is expected shortly for that plot, with legal completion anticipated in the first half of the financial year ending 31 May 2020. \nDavid Anderson, Hargreaves' Group Property Director, said: \"We are delighted to exchange contracts with Bellway in our second conditional sale of land at the Blindwells site. We are encouraged by the level of interest in the site and look forward to bringing further plots to market in the coming year and beyond.\"\nFor further details: \n\n\n\n\nHargreaves Services plc\nGordon Banham, Chief Executive \nDavid Anderson, Group Property Director\nJohn Samuel, Group Finance Director\n \n\n\n0191 373 4485\n\n\n \n\n\n\n\nBuchanan (Financial PR)\nMark Court/Sophie Wills/Henry Wilson\n \n\n\n0207 466 5000\n\n\n \n\n\n\n\nN+1 Singer (Nomad and Joint Corporate Broker)\nSandy Fraser/Justin McKeegan/Rachel Hayes\n \n\n\n0207 496 3000\n\n\n \n\n\n\n\nInvestec (Joint Corporate Broker) ...