RCS - Town Centre Secs. - Major redevelopment of Merrion House completed <Origin Href="QuoteRef">TOWNT.L</Origin>

Town Centre SecuritiesAnnouncement

06/02/2018 07:05

RNS Number : 9667D
Town Centre Securities PLC
06 February 2018
6 February 2018
Town Centre Securities plc
("TCS" or the "Company")
Major redevelopment of Merrion House in Leeds completed
Part of the 70m, ten-year regeneration of TCS's largest single asset, the Merrion Centre in Leeds
Town Centre SecuritiesPLC, the Leeds based property investment, development and car parking company, announces that the refurbishment and extension works of its flagship Merrion House building in Leeds has completed. 
The Merrion House milestone completes TCS's successful 70m, ten-year development and improvement project for its largest single asset, the Merrion Centre, of which Merrion House forms a part. The project has also been TCS's largest development scheme and one of the largest ever pre-lets in the Leeds.
The building is jointly owned by TCS and Leeds City Council under a unique long-term partnership and represents one of the biggest public and private sector partnerships agreed in recent years. Offering 170,000 sq ft of office space, Merrion House will be the main city centre office base for Leeds City Council, housing over 2,100 staff, when fully occupied later this year. 
Edward Ziff OBE, Chairman and Chief Executive of TCS, said: 
"The redevelopment of Merrion House and public-private partnership approach between Leeds City Council and Town Centre Securities has been hugely successful and we are proud to be assisting the Council as it evolves its services and delivers significant operational cost savings.
"Merrion House forms a key part of our multi-million-pound investment and regeneration of the Merrion Centre and the wider Arena Quarter."

For further information, please contact:
Town Centre Securities PLCwww.tcs-plc.co.uk
Edward Ziff, Chairman and Chief Executive                                       0113 222 1234
Mark Dilley, Finance Director
MHP Communications                                                        
Reg Hoare / Alistair de Kare-Silver  0203 128 8742    07551 170 451
   tcs@mhpc.com
Notes to Editors:
Town Centre Securities PLC is a Leeds based property investor and car park operator with assets of approximately 385m. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality and innovation, TCS creates mixed use developments close to transport hubs in major cities across the UK. Its current portfolio delivers an annual income of more than 26m.

This information is provided by RNS
The company news service from the London Stock Exchange
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