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DJ Via Developments Plc Trading Update

 
TIDMVIA1 
 
28 December 2016 
 
                             Via Developments PLC 
 
                           ("Via" or "the Company") 
 
                                Trading Update 
 
Via Developments Plc, is pleased to provide a trading update ahead of the 
period ending 31 December 2016. 
 
Canal Street 
 
The Company is pleased to announce that all of the eight apartments comprising 
the Canal Street development have been sold subject to completion. 
Non-refundable deposits for the eight units, amounting to GBP375,000, have been 
paid to Via Developments PLC. The fit-out work continues at the site and the 
project remains on target to complete in the second quarter of 2017. 
 
Plymouth Grove (Manchester) 
 
This residential property development is a four storey block with planning 
permission for a seven storey residential building, originally designed to 
accommodate forty-two units.  The Company has reconfigured the design and 
layout for Plymouth Grove to maximise the overall Gross Development Value and 
revised plans have been submitted to the Local Authority Planning Department to 
enhance the scheme to 71 units. 
 
Napier Street (Luton) 
 
Permitted Development has been granted on Napier House to convert it into 26 
one-bedroom apartments. Planning applications have also been submitted to Luton 
Borough Council to form an extra floor at roof level and to enhance the 
exterior of the building. Both these Planning Applications will be determined 
in the first quarter of 2017. Strip out works will commence on the building in 
first quarter 2017 with completion of the project scheduled by year-end 2017. 
 
Outlook 
 
The Directors look forward to the coming year with confidence of current market 
conditions for further acquisitions and the completion of the construction 
phase of the Canal Street and Napier Street sites. It is anticipated that the 
Plymouth Grove site will complete in late 2018. Furthermore, the Directors are 
projecting improved strong sales both off plan and on the open market to 
support their expectation of continued growth. 
 
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 - Institutional Sales 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

December 28, 2016 05:59 ET (10:59 GMT)