Business
Development land in Central London
Development land in Central London.
About this update from Taylor Wimpey Plc
[{"type":"text","content":"\n \nRNS Number : 3570P Taylor Wimpey PLC 30 August 2017 \n\n \n \n30 August 2017\n \nTaylor Wimpey plc\n \nDevelopment land in Central London\nThe Group confirms that it has exchanged contracts on the purchase of development land, in Central London, from the Royal Mail, for a total cash consideration of £190 million. The acquired land represents part of the Mount Pleasant estate, some of which will be retained by Royal Mail. The development represents a compelling multi-year development opportunity in a high-quality location. \n \nThe acquisition meets all the Group's key investment criteria, including an attractive return on capital given the phasing of capital deployment. \n \n- Ends - \n \nFor further information please contact:\nTaylor Wimpey plc Tel: +44 (0) 7823 419000\nPete Redfern, Chief Executive\nRyan Mangold, Group Finance Director\nHarry Goad, Investor Relations\nFinsbury Tel: +44 (0) 20 7251 3801\nFaeth Birch\nAnjali Unnikrishnan \n \nNotes to editors:\nTaylor Wimpey plc is a UK-focused residential developer which also has operations in Spain. For further information please visit the Group's website: www.taylorwimpey.co.uk\nFollow us on Twitter @TaylorWimpeyplc\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCURUNRBRAWOAR\n ","length":3681,"tagName":"div"}]