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

COUNTRYSIDE PROPERTIES PLC (CSP)
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Countryside Properties : SELECTED TO DELIVER £40M REGENERATION SCHEME IN HOXTON

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10/03/2017 | 05:10pm CEST

04/10/2017

Countryside, one of the UK's leading home builders specialising in placemaking and urban regeneration, can confirm today that a development agreement has been signed with Hackney Council to develop new homes for social renting, shared ownership, and outright sale at St Leonard's Court in Hoxton.

Situated along New North Road, the development will be close to Shoreditch Park and Tech City, as well as Hoxton and Old Street stations. Residents of the one, two and three-bedroom apartments will have access to landscaped open space, bicycle storage facilities and a central courtyard with play facilities, all designed to encourage and improve health and well-being of local residents. 32% of the homes at St Leonard's Court will be genuinely affordable, including 21% social rented and 11% shared ownership.

Hackney Council has secured detailed planning approval for St Leonard's Court to meet the needs of the existing and future residents. Countryside is ready to help in delivering this vision and will start on site in 2018.

Philip Glanville, Mayor of Hackney, said: 'London is experiencing an unprecedented housing crisis, so I'm proud that Hackney is building the genuinely affordable homes we need to respond to the challenge.

'This council-led development being built by Countryside will mean more modern, high-quality homes for social rent and shared ownership for Hackney residents.'

Andy Fancy, Managing Director at Countryside Partnerships South, said: 'This is an exciting opportunity to create the foundations of an integrated and sustainable community in a highly sought-after and central part of the capital. The site is part of Hackney Council's borough-wide 2,760-home estate regeneration programme - one of London's largest schemes for building homes - contributing to the council's efforts to provide much needed housing.'

Architects for the scheme are Childs Graddon Lewis Architects.

Countryside Properties plc published this content on 04 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 October 2017 15:09:11 UTC.

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Financials ( GBP)
Sales 2018 1 172 M
EBIT 2018 205 M
Net income 2018 -31,0 M
Debt 2018 20,0 M
Yield 2018 3,22%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 1,29x
EV / Sales 2019 1,05x
Capitalization 1 491 M
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NameTitle
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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