05/04/2012 12:24:00

Terrace Hill Completes GBP35 Million Funding For Sainsbury's In Sunderland

Related content
02 Sep - 
Man Group PLC : Form 8.3 - Sainsbury (J) Plc
01 Sep - 
Man Group PLC : Form 8.3 - Sainsbury (J) plc
01 Sep - 
Form 8.3 - J Sainsbury Plc

LONDON -(Dow Jones)- Terrace Hill Group PLC (THG.LN), a U.K. property development and investment group, Thursday reported the completion of the forward funding of a GBP35 million supermarket, pre-let to Sainsbury's (SBRY.LN) on a 25 year lease.

MAIN FACTS:

-Property will comprise a new, 97,729 square feet Sainsbury's supermarket, with six pump petrol filling station and 517 parking spaces, located in Sunderland, Tyne and Wear.

-Construction is due to commence in April 2012 with store opening expected in March 2013.

-Acquisition and development has been forward funded by Osprey Supermarket Income and Growth 1 LP, a private investor fund arranged by Osprey Equity Partners.

-Project is being funded through GBP15 million of equity provided by U.K. high net worth individuals and GBP20 million of debt provided by HSBC Bank PLC.

-On completion of the forward funding, the company received GBP2.5 million representing the recovery of its working capital and an initial profit payment.

-Shares of Terrace Hill at 1106 GMT flat at 10.6 pence.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com

(END) Dow Jones Newswires

April 05, 2012 07:24 ET (11:24 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Form 8.3 - Bovis Homes Group Plc

28/03/2017 14:49:02
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Unicredit SpA (b) Owner or controller of interests an..

Alliance Trust PLC : Net Asset Value(s)

28/03/2017 13:55:21
ALLIANCE TRUST PLC                                    At the close of business on Monday 27 March 2017: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 714.6p -       including income, 720.4p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding income..

HSBC Bank Plc : Form 8.5 (EPT/RI) - Redrow PLC

28/03/2017 10:41:26
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offe..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Under Armour, Inc. To Contact The Firm
2
Ericsson presents focused business strategy
3
RigNet deploys its first deep water 4G LTE system in the Gulf of Mexico and announces dramatic capacity increases to its state-of-the-art licensed 4G wireless network
4
Ericsson simplifies organization and names Executive Team
5
PICO Holdings, Inc. to Webcast Annual Meeting of Shareholders on May 4th, 2017

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
29 March 2017 06:17:20
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170324.2 - EUROWEB4 - 2017-03-29 07:17:20 - 2017-03-29 06:17:20 - 1000 - Website: OKAY