Contract Win
16 November 2009 - 7:19PM
UK Regulatory
TIDMBRG
RNS Number : 5477C
Braemar Group PLC
16 November 2009
RNS RELEASE BRG/16/11/2009
CONTRACT WIN
Braemar Group plc ("Braemar"), the AIM quoted real estate fund and management
group, is pleased to announce the signing of block management and lettings
management contracts for two significant developments on behalf of its property
management division Braemar Estates.
The required corresponding investment in additional resources means that these
contracts will not have a material effect in the remaining few months of this
financial year. However, we are pleased to report that Braemar's total number of
apartments under management has risen by over 10% and total assets under
management have increased to in excess of GBP500 million.
Further details will be provided to Investors in our year end trading statement
to be published in April.
For further information please contact:
Marc Duschenes, CEO,
Braemar Group plc
Martin Robinson, Chairman, Braemar Group plc
Julie
Serrage, Investor Relations, Braemar Group plc
Tel: 0161 929 4969
Alex Clarkson/Nick Cowles, Zeus Capital Limited
Tel: 0161 831 1512
This information is provided by RNS
The company news service from the London Stock Exchange
END
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