Taylor Wimpey PLC Development land in Central London (3570P)
31 August 2017 - 2:21AM
UK Regulatory
TIDMTW.
RNS Number : 3570P
Taylor Wimpey PLC
30 August 2017
30 August 2017
Taylor Wimpey plc
Development land in Central London
The Group confirms that it has exchanged contracts on the
purchase of development land, in Central London, from the Royal
Mail, for a total cash consideration of GBP190 million. The
acquired land represents part of the Mount Pleasant estate, some of
which will be retained by Royal Mail. The development represents a
compelling multi-year development opportunity in a high-quality
location.
The acquisition meets all the Group's key investment criteria,
including an attractive return on capital given the phasing of
capital deployment.
- Ends -
For further information please contact:
Taylor Wimpey plc Tel: +44 (0) 7823 419000
Pete Redfern, Chief Executive
Ryan Mangold, Group Finance Director
Harry Goad, Investor Relations
Finsbury Tel: +44 (0) 20 7251 3801
Faeth Birch
Anjali Unnikrishnan
Notes to editors:
Taylor Wimpey plc is a UK-focused residential developer which
also has operations in Spain. For further information please visit
the Group's website: www.taylorwimpey.co.uk
Follow us on Twitter @TaylorWimpeyplc
This information is provided by RNS
The company news service from the London Stock Exchange
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