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UAI U And I Group Plc

148.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
U And I Group Plc LSE:UAI London Ordinary Share GB0002668464 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 148.50 148.50 149.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Development Securities: Pre-Lease Signed With Morrisons For Food Store

01/03/2012 10:15am

Dow Jones News


U And I (LSE:UAI)
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Development Securities PLC (DSC.LN), the property developer, Thursday announced that it has signed an agreement with Morrisons for the pre-lease of an 80,000 sq ft food store, subject to planning, at its 7 acre mixed use redevelopment site at 399 Edgware Road, North West London.

MAIN FACTS:

-Development Securities is currently preparing a revised planning application to be submitted later this year for a scheme now to be anchored by Morrisons and which will include new Asian retail space and residential apartments, including affordable housing.

-399 Edgware Road is the former site of Oriental City, an Asian retail and food centre.

-The site was purchased by Development Securities in 2005.

-Shares at 0945 GMT down 1.5% at GBP1.7 valuing the company at GBP206 million.

-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; jana.weigand@dowjones.com

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