Sutton Harbour Holdings PLC
20 November 2003
Sutton Harbour Holdings plc is pleased to announce that it has been selected,
with Midas Group Limited, as preferred bidder to the Plymouth Local Improvement
Finance Trust (LIFT) and is now working towards financial close stage, expected
in Spring 2004.
This is a 25 year public private partnership with Plymouth Primary Care Trust,
Partnerships for Health and others to build, lease and maintain local health
facilities to the NHS in Plymouth.
The company's financial commitment will be of the order of £2 million over the
life of the trust on which a return of 12.5% can be expected plus a share of the
trust's profits. The total build costs of the health facilities are likely to
be in the order of £55 million.
The significance of the successful bid is that it further enhances our
partnering in regeneration credentials with the public sector in the South West.
Contacts:
Sutton Harbour 01752 204 186
Nigel Godefroy
Rowan Dartington & Co. Limited 0117 933 0011
Barrie Newton
Binns Winningtons 0117 317 9477
Ken Rees
This information is provided by RNS
The company news service from the London Stock Exchange