Waterfront tower block for Plymouth on £2M plot of land
The AIM-listed company, which owns the long-lease on Plymouthâs closed city airport, revealed the purchase of about 1.5 acres of land
Updated
Plymouth development company Sutton Harbour Group Plc has paid nearly £2million for a patch of land near the waterfront so it can build multiple blocks of flats.
The AIM-listed company, which owns the long-lease on Plymouthâs closed city airport, revealed the purchase of about 1.5 acres of land to the east of Sutton Harbor had helped increase the overall value of its investment portfolio to £49.245million.
In an update for investors the company said its investment and owner-occupied property portfolio was valued by independent valuers in March 2021 and had increased by £3.26million in the past 14 months.