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DJ Via Developments Plc Trading Update

 
TIDMVIA1 
 
26th October 2016 
 
                             Via Developments PLC 
                           ("Via" or "the Company") 
 
                                Trading Update 
 
Via Developments PLC is pleased to provide the following trading update as of 
26th October 2016. 
 
The Canal Street project in central Manchester is progressing well and is 
scheduled for completion during March 2017. All eight apartments are now 
reserved with reservation fees paid (GBP16,000 in total). Exchange of contracts 
for all eight apartments is on target for the end of November 2016 when 15% of 
the purchase price will be deposited (GBP329,250). The balance of the purchase 
price will be paid upon completion. The realised Gross Development Value (GDV) 
of the project excluding freehold is GBP2,195,000. 
 
On the Plymouth Grove site in Manchester, a new planning application has been 
submitted for a 71 apartment scheme, significantly enhancing the current 
approved 42 apartment scheme. This new planning application is expected to be 
determined in February 2017. Demolition of the existing building on the site is 
expected to take place during January/February 2017. Sales and marketing 
materials are being developed in readiness for release once planning consent is 
received. 
 
The Napier House project in Luton has been granted Permitted Development to 
develop the existing commercial building into 26 one-bedroom apartments. Two 
further planning applications have been submitted, one to add a further floor 
to the building at roof level and another to alter the external façade of the 
building. The additional floor will offer the scope to build a further five 
two-bedroom apartments. Responses to both Planning applications are anticipated 
in January 2017. Sales and marketing materials are currently being developed 
and the initial 26 apartments will be released to the market in November 2016. 
 
Neither this announcement nor the information contained herein constitutes an 
offer or solicitation by Via Developments Plc for the purchase or sale of any 
securities, nor does it constitute a solicitation to any person in any 
jurisdiction where solicitation would be unlawful. 
 
The directors of Via Developments Plc accept responsibility for this 
announcement. 
 
 
COMPANY CONTACT DETAILS: 
Via Developments Plc 
24 Queen Street 
Manchester 
M2 5HX 
Telephone: +44 161 850 2633 
http://www.vdplc.com/ 
ISDX CORPORATE ADVISER: 
Alexander David Securities Limited 
David Scott -Corporate Finance 
James Dewhurst - Corporate Broking 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

October 26, 2016 11:39 ET (15:39 GMT)