Re Portland Place
01 December 2003 - 10:05PM
UK Regulatory
RNS Number:6760S
Terrace Hill Group PLC
01 December 2003
TERRACE HILL GROUP PLC ("the Group")
PROFIT GENERATION
The Group is pleased to announce that its new financial year from 1 November
2003 has started off positively with the generation on 28 November 2003 of a
profit in excess of #1.5 million from the restructuring of the Group's leasehold
interests in No 1 and 3 Portland Place, London W1.
No 1 Portland Place, which was redeveloped by Terrace Hill Limited in 1996, has
since formed, and is planned to continue to form, the London headquarters of the
Group's Commercial Division.
Enquiries:
Ross Macdonald, Terrace Hill Group PLC, 0141 332 2014
Alasdair Robinson, Noble & Company Limited, 0131 225 9677
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