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VIA1 - Via Developments News Story

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Via Developments Plc: Trading Update

Thu 4th October, 2018 3:22pm
            4 October 2018


Via Developments PLC

(“Via” or “the Company”)          

Trading update – Napier House Development

Via Developments Plc is pleased to announce that the construction of the
Napier House development in Luton Town is now complete. The project was
delayed by approximately 6 months largely due to the company re-submitting and
successfully securing an enhanced planning permission and a consequent
elongation of the build programme. The enhanced planning permission allowed
the Company to develop a further 4 rooftop units and increase revenue by
approximately £1,003,600.

Of the 30 apartments now completed, 23 are sold and a total of £702,087 worth
of reservation and exchanges fees have been paid. The balance, amounting to
£3,636,415, will be received upon completion of contracts. Contractual
completion and handover is anticipated to be on or before 31 October 2018.

The remaining 7 units have a market value of approximately £1.5m. Of the
remaining units, 2 are currently reserved. 

Neither this announcement nor the information contained herein constitutes an
offer or solicitation by Via Developments Plc for the purchase or sale of any
securities nor does it constitute a solicitation to any person in any
jurisdiction where solicitation would be unlawful.

The directors of Via Developments Plc accept responsibility for this


Via Developments Plc

24 Queen Street


M2 5HX

Telephone: +44 161 850 2633


Alexander David Securities Limited

David Scott –Corporate Finance

James Dewhurst – Corporate Broking 

Telephone: +44 (0) 20 7448 9820

49 Queen Victoria Street, London EC4N 4SA

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