Notting Hill Genesis Sale of Site at Canada Water
29 June 2020 - 6:03PM
RNS Non-Regulatory
TIDM85FA
Notting Hill Genesis
29 June 2020
Date: 29 June 2020
An update to the announcement on 04 March 2020
The sale of the Notting Hill Genesis site at Canada Water
completed on 26 June 2020.
The site has been sold for GBP140m to Art Invest Real Estate
with GBP10m paid before 31 March 2020, GBP70m on 26 June 2020 and
the balance payable in 2021/22.
Notting Hill Genesis will settle liabilities relating to the
scheme which will lead to net proceeds of about GBP62m in this
financial year, 2020-21.
NHG contact details: Andrew Sugden - Corporate Finance Director
on 020 3815 0356
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END
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