Etaireia Investments Plc
LSE : ETIP

August 14, 2014 02:00 ET

Market Update

                                      ETAIREIA INVESTMENTS PLC
                                    ("Etaireia" or the "Company")

                                            Market Update

Etaireia is pleased to announce  an update on the land it acquired at Bridgend Mills,  Tofts, Dalry,
in Scotland.  Since acquiring the land,  the Company has obtained additional planning permission for
the site, which now has permission for the construction of 152 residential units, an increase of 129
units.  Following receipt of  the increased planning permission,  the Directors have commissioned an
independent report which has placed an indicative value on the Bridgend Mills land, of £1.3 million.
The land was purchased by the Company in May 2014 for £725,000. 

The Company intends to take  further steps to maximise the  potential of this land  before realising
its value.  At the same time, the Directors will continue to evaluate other investment opportunities
for the Company.

The Directors of the Company accept responsibility for this announcement.
 
ENDS
     
Enquiries:
Etaireia Investments Plc  
Tel:  078 3018 2501
Greg Collier
  
Peterhouse Corporate Finance Limited  
Tel:  020 7469 0934
Fungai Ndoro and Mark Anwyl

Contact Information

  • Etaireia Investments Plc