MJ Gleeson PLC Sale of portfolio of homes to Carlyle (4594E)
2023年6月30日 - 3:00PM
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TIDMGLE
RNS Number : 4594E
MJ Gleeson PLC
30 June 2023
30 June 2023
MJ GLEESON PLC
Sale of portfolio of homes to Carlyle
Transaction underscores recognition of the quality of Gleeson's
product
MJ Gleeson plc ("Gleeson" or the "Company") is pleased to
announce that it has entered into a contract with global investment
firm Carlyle (NASDAQ: CG) and Gatehouse Investment Management, a
market leading single-family housing investment manager, for the
sale of 288 homes across multiple developments, of which up to 66
homes are expected to be completed in the financial year ending 30
June 2023 ("FY2023") with the balance in FY2024.
Consideration for the sale totals GBP50.4m payable in cash upon
completion of each home, save for a small retention. The proceeds
will be reinvested into the business for working capital purposes.
This transaction strengthens Gleeson Homes' forward order book and
allows the business to expedite the opening of new sites.
The Company will issue its next scheduled trading update, in
respect of the year ending 30 June 2023, on 7 July 2023 and expects
to confirm that it will deliver results for FY2023 in line with
expectations.
Graham Prothero, Chief Executive Officer, commented:
"This transaction represents a compelling opportunity in the
context of the current uncertain market environment and we are
delighted to be working with partners of the calibre of Carlyle and
Gatehouse, who value the quality of our product and the communities
which we create."
Enquiries:
MJ Gleeson plc Tel: +44 1142 612900
Graham Prothero Chief Executive Officer
Stefan Allanson Chief Financial Officer
Hudson Sandler Tel: +44 20 7796 4133
Mark Garraway Tel: +44 7771 860 938
Charlotte Cobb Tel: +44 7795 422 131
About MJ Gleeson:
MJ Gleeson plc is the leading low-cost, affordable housebuilder
listed on the London Stock Exchange. Gleeson Homes' customers are
typically young, first-time buyers, with a median income of
GBP26,000. Its two-bedroom homes start from around GBP115,000.
Gleeson's vision is "Building Homes. Changing Lives", prioritising
areas where people need affordable housing the most.
Buying a Gleeson home typically costs less than renting a
similar property. All Gleeson homes are traditional brick built
semi or detached homes which include a driveway and front and rear
gardens. Gleeson offers a wide mix of two, three and four bedroom
layouts.
Gleeson Land is the Group's land promotion division, which
identifies development opportunities and works with stakeholders to
promote land through the residential planning system.
As a high-quality, affordable housebuilder, Gleeson has strong
and inherent sustainability credentials. Its social purpose
underpins the Company's strategy, and Gleeson measures itself
closely against UN SDGs 5, 8, 11, 12, 13 and 15.
More details on the Company's sustainability approach can be
found at: mjgleesonplc.com/sustainability/
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END
MSCUKRWRORUNUAR
(END) Dow Jones Newswires
June 30, 2023 02:00 ET (06:00 GMT)
Mj Gleeson (LSE:GLE)
過去 株価チャート
から 4 2024 まで 5 2024
Mj Gleeson (LSE:GLE)
過去 株価チャート
から 5 2023 まで 5 2024