Sutton Harbour Holdings' trading activities have performed steadily during the first quarter, according to an annual general meeting statement.
The group has engaged Rothschild to assist with a strategic review of the company which could include a sale of the company. The strategic review is ongoing and the company will, of course, update shareholders on its progress when there is information to share.
The statement said: "Highlights include the installation of energy efficient lighting in the Harbour multi-storey car park, providing better lighting levels to improve ambience, particularly through the winter months.4
"The company has recently engaged with the Department for Transport regarding the Government Report on the Viability of Re-opening Plymouth City Airport. Based on these discussions we expect this report to be published in the next few months and we will update shareholders once this has been issued.
"The company has made formal representations to the public consultation on the proposed Plymouth Plan, in connection with the Company's interests around Sutton Harbour, King Point Marina and Derriford (the location of the former airport site). These representations include a detailed evidence-backed challenge to the proposal to safeguard the former airport site for future aviation use, notwithstanding unsuitability on technical, environmental and economic grounds.
"Separate to the Government Report, an independent Government Inspector will determine whether safeguarding of the former airport site from redevelopment is sound planning policy following the Examination in Public, currently timetabled for March 2017, with the final adopted policy to be published in the Plymouth and South Devon Local Plan.
"In respect of the Sutton Harbour area representations, the Company has already put forward a 'Vision for Sutton Harbour'.
"This Vision outlines a number of significant development opportunities around Sutton Harbour to further establish the area as a visitor destination whilst supporting the sustainability of established commercial, retail, leisure and residential uses, and promoting the continued importance of the successful Fisheries operation."
At 3:13pm: (LON:SUH) Sutton Harbour Holdings PLC share price was +1p at 31p