Terrace Hill Group plc is engaged in property investment, development and trading. The Company operates in two segments: commercial property development, and commercial and residential property investment. As of September 31, 2011, the Company had eight committed projects, four of which have planning consent or a resolution to grant planning consent. During the fiscal year ended September 31, 2011 (fiscal 2011), the Company sold its multi-let Wilton Road, Victoria, office building and also a 38,500 square foot office in Middlehaven, let to the Middlesbrough Primary Care Trust. As of September 31, 2011, the Company was developing a site on Conduit Street, W1, with Aerium Finance and Howick Place, Victoria, with Doughty Hanson. On February 13, 2012, the Company completed the sale of a residential portfolio within Terrace Hill Residential PLC, its 49% owned associate, to Swedish property group Akelius


http://www.terracehill.co.uk/home/

Full Year Results

RNS


RNS Number : 3368V

Terrace Hill Group PLC

12 December 2013

Terrace Hill Group PLC

("Terrace Hill" or the "group")



FULL YEAR RESULTS DEMONSTRATE TRANSFORMATIONAL YEAR FOR THE GROUP



Terrace Hill Group plc (AIM: THG), a leading UK property investment and development group, today announces its results for the year ended 30 September 2013.



Financial Highlights:

· EPRA Net Asset Value (NAV) per share increased by 1.7% to 28.8 pence (30 September 2012: 28.3 pence) while EPRA Triple NAV per share increased by 3.2% to 27.7p (30 September 2012: 26.8p)

· IFRS Profit before tax including discontinued operations of £6.2 million (30 September 2012: £1.8 million)

· IFRS net assets increased by 10.6% to £55.5 million from £50.2 million at 30 September 2012

· Significant reduction in the group's level of debt and gearing:

- Net debt reduced by 62.9% to £17.5 million, from £47.2 million at 30 September 2012

- Gearing* percentage of 28.6%, down from 78.2% at 30 September 2012 and 86.0% at 30 September 2011

- Look through net gearing (including its share of joint ventures and associated undertakings) fell sharply to 29.0%, from 142.1% at 30 September 2012

* As a percentage of EPRA net assets

Operational highlights:

· Sale of virtually all residential assets, in line with stated strategy, including a portfolio of 901 residential properties to the RSL Places for People for £68.0 million

· Significant progress with commercial development programme, with completion of three foodstore developments in Sunderland, Sedgefield and Skelton

· Completion of development at Howick Place, Victoria, in November 2012, comprising 135,000 sq ft of offices and 25,300 sq ft of residential apartments. The majority of the residential apartments either let or sold and the top office floor let as the UK head office of Giorgio Armani

· 1,104 room student accommodation development at Mayflower Halls, Southampton, on track to be delivered for 2014 academic year. Scheme forward funded by Legal & General Property, which was attracted to the 38 year lease entered into by the University of Southampton

· Resolution to grant planning consent received for a 125,000 sq ft foodstore and retail development in Middlesbrough, which has been conditionally pre-let to Sainsbury's, a Marston's public house, a drive through KFC and a coffee outlet

· Strong pre-letting activity at our planned leisure scheme in Darlington, with agreements signed with Vue Cinemas, Whitbread and Prezzo

· Conditional contract signed with Glasgow City Council to develop a 35,000 sq ft restaurant led scheme at Broomielaw, on the river Clyde

Commenting, Robert Adair, chairman of Terrace Hill, said: "During 2013 we have achieved significant success in delivering against our strategy, making excellent progress with our development pipeline, while at the same time positioning the group strongly for the future by reducing debt and gearing levels and disposing of almost all of our residential assets. In an increasingly positive economic environment, we look forward with confidence and growing optimism."



Philip Leech, chief executive of Terrace Hill, added: "Over the course of the year we have achieved real momentum within our development pipeline, both in our core foodstore business as well as in the leisure, student accommodation and London office sectors. As the recovery in investor and occupier interest for property outside of London continues to gain pace, we are well positioned to utilise our network of regional offices to benefit from that demand."

Terrace Hill Group gets consent for £30m leisure scheme
StockMarketWire.com
Terrace Hill Group said Darlington Borough Council's Planning Committee has granted planning permission for Feethams Leisure, a £30 million project that will regenerate a 1.9 acre former bus station in Darlington town centre into a cinema, hotel and restaurant complex.

As a result of the decision, Terrace Hill intends to commence development by mid next year with completion expected in autumn 2015.

The scheme, which will create around 500 new jobs, will be anchored by a nine screen multiplex Vue cinema and include an 80 bed Premier Inn Hotel, as well as a number of restaurants, bars and shops.

Lettings have already been secured to national operators Nandos and Prezzo, with two further restaurant units under offer to other national brands.

Results of Placing

RNS


RNS Number : 7094F

Terrace Hill Group PLC

28 April 2014

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION CONTAINED IN THE PROSPECTUS.

This announcement is for information purposes only and shall not constitute an offer to sell or issue or the solicitation of an offer to buy, subscribe for or otherwise acquire any new ordinary shares of Terrace Hill Group plc in any jurisdiction in which any such offer or solicitation would be unlawful.





28 April 2014



Terrace Hill Group plc (the "Company")

(to be re-named Urban&Civic plc)





Results of Placing to raise £170 million through a placing of 75,555,556 Placing Shares at 225 pence per Share





On 28 April 2014, the Company issued a prospectus (the "Prospectus") relating to its proposed acquisition of Urban&Civic Holdings S.a.r.l ("Urban&Civic"), proposed placing to raise gross proceeds of £170 million and proposed admission to the standard listing segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities.



The Company today announces that 75,555,556 new Ordinary Shares will be issued pursuant to the Placing raising gross proceeds of £170m.

The Placing is conditional on, among other things, the passing of the Resolution at the General Meeting to be held at 9.00am on 14 May 2014.

Application will be made for the Enlarged Share Capital to be admitted to the standard listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange ("Admission"). It is expected that Admission will become effective and dealings in the Ordinary Shares will commence at 8.00 a.m. on 22 May 2014. Following Admission the Ordinary Shares will trade under the ticker symbol UANC (ISIN: GB00BKT04W07).



Nigel Hugill , Executive Chairman of Urban&Civic commented: "I would like to thank all those that applied for stock and contributed to our being substantially over subscribed. We took the decision early to raise only what we thought we could invest quickly and resisted the temptation to increase the size of the issue when it became clear that we would enjoy strong support. People evidently have long memories and we will start with a gratifying spread of predominantly sector specialist investors. We shall do everything that we can to deliver on the resulting expectations."