Sutton Harbour Holdings PLC
07 April 2005
For Immediate Release 7 April 2005
Sutton Harbour Holdings plc ( 'Sutton Harbour' or 'the Company' )
Sutton Harbour has signed an agreement with Land Securities Trillium to develop
a substantial office building in the centre of Plymouth.
The construction of the building, due for completion in Q2 2006, is expected to
cost approximately £11.5 million, which will be financed through a new and
separate debt facility.
Once completed, the building will be occupied by the Department of Work and
Pensions. The offices will be let on a 15 year lease and the Company will
receive initial rental income of £14.25 per square foot.
Contacts:
Nigel Godefroy, Managing Director,
Sutton Harbour Holdings plc 01752 204186
Michelle Andrews, Williams de Broe 020 7588 7511
Ken Rees, Binns Winningtons 0117 920 0092
Or mobile 07802 466567
This information is provided by RNS
The company news service from the London Stock Exchange