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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Countryside Properties PLC    CSP   GB00BYPHNG03

COUNTRYSIDE PROPERTIES PLC (CSP)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Countryside Properties : £315M REGENERATION OF ENFIELD’S ALMA ESTATE GETS UNDERWAY

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09/26/2017 | 11:35am CEST

26/09/2017

Countryside, one of the UK's leading home builders specialising in placemaking and urban regeneration, has begun the initial phase of a 10-year regeneration programme with the demolition of the first 23-storey tower block on the post-war Alma Estate in Ponders End, Enfield.

The demolition marks the start of this £315 million-plus regeneration of this 1960s estate. Once complete in 2028, the entire development will comprise 993 homes, including 200 council rented homes and 199 shared-ownership properties.

Robert Wilkinson, Operations Director at Countryside Partnerships South, said: 'Having forged a close partnership with Enfield Council, we're excited to begin the regeneration of this post-war housing estate to create striking homes, new community amenities and attractive open spaces.

'This is the borough's largest housing estate renewal scheme and will no doubt act as a catalyst for the wider regeneration of the Ponders End area.'

Enfield Council's Cabinet Member for Housing & Housing Regeneration, Cllr Ahmet Oykener, said: 'This is a key stepping stone in making Enfield a better place for residents to live and work. We are building council and shared ownership homes, there will also be shops, gym, medical centre and other community facilities which will make a stronger, more inclusive community.

'We believe this is the start of something very special.'

Countryside Properties plc published this content on 26 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 September 2017 09:34:01 UTC.

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Financials ( GBP)
Sales 2018 1 181 M
EBIT 2018 203 M
Net income 2018 -
Finance 2018 7,00 M
Yield 2018 3,12%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 1,32x
EV / Sales 2019 1,11x
Capitalization 1 572 M
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Average target price 4,14  GBP
Spread / Average Target 18%
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Ian Sutcliffe Group Chief Executive Officer & Director
David Howell Independent Non-Executive Chairman
Rebecca Jane Worthington Group Chief Financial Officer & Executive Director
Baroness Sally Morgan Independent Non-Executive Director
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