Business
Completion of sale
Completion of sale.
About this update from Trafalgar Property Group Plc
[{"type":"text","content":"\n \nRNS Number : 5656Z Trafalgar Property Group PLC 20 May 2019 \n\nPrior 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.\n \n20 May 2019\n \nTRAFALGAR PROPERTY GROUP PLC\n(\"Trafalgar\", the \"Company\" or \"Group\")\n \nCompletion of sale\n \nFurther 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.\n \nEnquiries:\n \n\n\n\nTrafalgar Property Group plc\nJames Dubois\n \n\n\n+44 (0) 7899 995 421\n\n\n\n\nAllenby Capital Ltd - AIM Nominated Adviser and Broker\nJeremy Porter/James Reeve/Liz Kirchner\n \n\n\n+44 (0) 20 3328 5656\n\n\n\n\nYellow Jersey PR Limited\nCharles Goodwin\n\n\n+44 (0) 7747 788 221\n \n\n\n\n \n \nNotes to Editors:\n \nTrafalgar Property Group plc\n \nTrafalgar 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.\n \nThe 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. \n \nTrafalgar 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...