U+I has confirmed that it has completed the sale of Equipment Works, Blackhorse Road, to Telford Homes realising gains at the top end of guidance.
The Company said this puts its total gains to date in the region of £26m, with further gains to be realised on the completion of the funding of Cannock, as it previously announced.
Matthew Weiner, Chief Executive of U and I Group, said:
"The sale of Blackhorse Road is another milestone for U+I as we continue towards our target of £65-70 million of trading and development gains for this financial year, further demonstrating our ability to add value through the planning system and realise gains efficiently.
"Our plans will transform this overlooked site into a vibrant new mixed-use community that supports the wider ambitions of the London Borough of Waltham Forest, delivering homes, workspaces and community space for the local area."
At 2:37pm: (LON:UAI) U and I Group Plc share price was 0p at 182p