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
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