U and I Group PLC 8 Albert Embankment planning decision (8975C)
24 June 2021 - 1:20AM
UK Regulatory
TIDMUAI
RNS Number : 8975C
U and I Group PLC
23 June 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service
("RIS"), this inside information is now considered to be in the
public domain.
23 June 2021
U and I Group PLC
8 Albert Embankment planning decision
U+I (LSE:UAI), the specialist regeneration developer, today
announces that the Secretary of State (SoS) for Housing,
Communities and Local Government has resolved not to grant planning
permission at 8 Albert Embankment, U+I's GBP500 million Gross
Development Value (GDV) PPP in Lambeth held in joint venture with
London Fire Brigade. This follows its decision to Call In the
scheme in June 2020, following resolution to grant planning at
Lambeth's Planning Committee on 3 December 2019. Today's decision
will not affect development and trading gains in FY2022.
The Company will await the full report and consider its next
steps with London Fire Brigade.
ENDS
For further information, please contact:
U+I
Nicola Krafft
+44 (0) 20 7828 4777
ir@uandiplc.com
Camarco (Financial PR Adviser)
Geoffrey Pelham-Lane / Tom Huddart
+44 (0)20 3757 4985 / 4991
uandi@camarco.co.uk
LEI number: 213800HTEQQEIOGR5A58
About U+I
U+I are experts in mixed-use regeneration and specialists in
Public Private Partnership (PPP).
We use our creative, entrepreneurial and master developer
knowledge to created thriving mixed-use places in the London City
Region (within one hour's commute from Central London), Manchester
and Dublin. We exist to create long-term socio-economic benefit for
the communities in which we work and deliver sustainable returns to
our shareholders.
To find out more, visit www.uandiplc.com or follow us
@uandiplc
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END
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