Jun 28 2011
Metric has conditionally exchanged on a four acre site in Bishop Auckland, County Durham previously occupied by Focus from Bank of Ireland and Kingsland Estates. The acquisition is conditional upon a revised planning approval which upon receipt Metric will pay an initial consideration of £2.3 million for the site and a further £8.7 million will be invested in development costs. The Company will use its existing resources to finance the purchase.
The full announcement can be found in the attached file.
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