Etaireia Investments Plc
LSE : ETIP

March 23, 2015 03:00 ET

Acquisition of Development Site

                                       ETAIREIA INVESTMENTS PLC
                                     (Etaireia" or the "Company")
                                                   
                                    Acquisition of Development Site


The  directors  of Etaireia are pleased to announce that Etaireia Holdings Limited,  a  newly  formed,
wholly  owned  subsidiary of the Company, has completed the acquisition of a  site  which  is  located
within the Roystonhill area of Glasgow, situated north of the River Clyde, for a consideration of  GBP
700,000,  satisfied in cash. The area is subject to an ongoing regeneration program that  has  seen  a
1960's  tower  block  demolished to make way for 100 new homes. The Company has acquired  2.456  acres
within  this  area, with full planning permission for 47 homes (mixed between apartments and  terraced
properties).

The Directors of the Company accept responsibility for this announcement.

Enquiries:

Etaireia Investments PLC
Tel:  078 3018 2501
Greg Collier

Peterhouse Corporate Finance Limited
Tel: 0207 469 0934
Fungai Ndoro and Mark Anwyl

Contact Information

  • Etaireia Investments Plc