ROK....analyst site visit must have been good IMO....up 42p..

Been here for a few years myself.

Notice that they just splashed out a large sum on a Manchester business park.

From memory all their bigger schemes are pre-let/pre-sold rather than developed speculatively so should prove a profitable move though the debt levels will increase at the year end.



"In a separate move, Legal & General sold the Wilmslow Business Park to Rok Developments for £10m. It is Rok's largest buy so far in the north west. The deal brings the total development pipeline for Rok Development in the north west to more than £100m.

The 34-acre park has planning permission for four new buildings, totally over 200,000 sq ft. With the exception of Stamford Lodge, the former home of brewer Henry Boddington, the existing buildings on the site will be demolished.

The first phase of new building work will start on site in 2007, and the historic Stamford Lodge will be refurbished."

Stuart Longbottom, of Rok Development Manchester said: "Demand in the region for high quality office and industrial accommodation continues to be high, and our proposals for Wilmslow will offer flexible solutions for businesses looking for a variety of unit sizes, with the option to let or indeed buy their own property."