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/

:-))

opened 3.80% up

Another 3% today

http://www.barchart.com/opinions/stocks/THG.LS

positive move up today.

As of Mar 22, 2013, the investment analyst covering Terrace Hill Group plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Dec 20, 2012. The previous consensus forecast advised investors to hold their position in Terrace Hill Group plc.

:-))

Acquisition of Remaining Residential Assets

Covered in this weeks IC - We are guaranteed a good story when aim-traded property developer and investor Terrance Hill reports half year results on wed 5 June.
That's because following a site sale and forward funding agreement for the company's 1,104-unit student accommodation scheme in Southampton, and the disposal of the majority of its remaining residential assets, the company's balance sheet gearing has been slashed to 35%. This mitigates financial risk which was the major reason the shares have been shunned by investors in the past.
Prospects look good.

Half Yearly Report

RNS


RNS Number : 2998G

Terrace Hill Group PLC

05 June 2013






Terrace Hill Group PLC

("Terrace Hill" or the "Group" or the "Company")



HALF-YEAR RESULTS SHOW SIGNIFICANT OPERATIONAL AND FINANCIAL PROGRESS FOLLOWING TRANSFORMATIONAL PERIOD



Terrace Hill Group plc (AIM: THG), a leading UK property development and investment group, today announces its results for the six months ended 31 March 2013 (the "Period").



Highlights



Financial highlights:

· EPRA Net Asset Value (NAV) per share increased by 3.0% to 29.2 pence (30 September 2012: 28.3 pence) while EPRA Triple NAV per share increased by 4.6% to 28.1 pence (30 September 2012: 26.8 pence).

· Increase in revenue profit to £9.5 million(1) compared to £0.2 million in the six month period ended 31 March 2012 and £11.8 million for the full year to 30 September 2012.

· IFRS profit before tax increased to £10.2 million compared to £1.8 million for the year ended 30 September 2012.

· Significant progress on strategy of reducing the Group's level of debt and gearing, with:

· net debt reduced by £36.8 million to £10.4 million during the Period; and

· EPRA gearing at 16.8% at 31 March 2013, down from 78.2% at 30 September 2012 and 28.9% on a look-through basis compared with 142.1% at 30 September 2012.



Operational highlights:

· 919 units of the Group's and associate's residential assets sold for £70.8 million, including a £68.0 million portfolio sold to Places for People, largely completing the sale of the Group's residential portfolio.

· Three new foodstores comprising 189,265 sq ft of aggregate floor area completed at Sunderland, Sedgefield and Skelton, all pre-let and forward funded for a total capital value of £64.6 million. Another four substantial foodstores are in the planning process as well as further opportunities in the pipeline.

· Acquisition of the remaining 47 residential assets post Period-end from Terrace Hill Residential PLC, resulting in a release of £1.8 million of a previous £6.0 million provision. These assets are expected to be sold over the next 12 to 18 months.

· Completion of £91.0 million forward funding agreement with Legal & General for the Group's 1,104-bed student accommodation scheme in Southampton with the development due for delivery in June 2014.

· Plans well advanced to develop a £30.0 million leisure complex in Darlington town centre, which will include a nine-screen cinema, an 80-bedroom hotel and six restaurant units.

· Completion of 135,000 sq ft office building with 25,300 sq ft of residential space at Howick Place in Victoria. Start on site at the 29,000 sq ft office and retail development at Conduit Place expected this summer.

· Pre-sale and development agreement secured with Kondor to develop a 60,000 sq ft warehouse at the Group's Christchurch Business Park in Dorset.



(1) Profit before tax and valuation movements on investment and development properties and before contributions from our joint venture and associated undertakings.



Commenting, Robert Adair, Chairman of Terrace Hill, said: "The first half of the year has been transformational for Terrace Hill both in terms of significantly improving the Group's financial position and in the delivery of a very solid operational performance. In line with our previously stated strategy, we have almost entirely completed the sale of our residential assets, which not only had a major positive impact on our levels of gearing and debt, but also allowed us to focus almost solely on our development projects where we have also made very strong progress. This, coupled with the sales and forward funding agreements we have transacted, gives me great confidence for the future prospects of the Group and I believe we now have a very solid base from which to deliver sustainable growth for shareholders."



Philip Leech, Chief Executive of Terrace Hill, added: "We are now undoubtedly one of the market leaders of foodstore developments in the UK, with an impressive track record of completed schemes and a strong pipeline of sites in planning or under review. However, I am also pleased that we have been very active in other market sectors. We recently completed construction of a substantial central London office and residential development, with a further project in Mayfair due to start in the summer. In Southampton, we are on site building a major new student accommodation scheme, which we have already pre-let and forward sold, while in Darlington we expect to begin construction of a significant leisure complex later this year."

Terrace Hill pares back debt and focuses on supermarkets
Wed 05 Jun 2013



Terrace Hill pares back debt and focuses on supermarkets LONDON (SHARECAST) - Property developer Terrace Hill slashed debts as it sold off most of its residential assets in the first half of the year to begin a new focus on developing stores for major supermarket groups.

The AIM group saw triple net asset value (TNAV) increase 4.6% to 28.1p by the end of the six months to 31st March, having sold 919 units of its residential assets for £70.8m, largely completing the sale of its residential portfolio.

The sales meant Terrace Hill made significant progress on strategy of reducing the its level of debt and gearing, slashing net debt by £36.8m to £10.4m during to bring gearing down to 16.8% from 78.2% at September 30th 2012.

Chairman Robert Adair said: "The first half of the year has been transformational for Terrace Hill both in terms of significantly improving the group's financial position and in the delivery of a very solid operational performance.”

The group built three new foodstores in Sunderland, Sedgefield and Skelton that it pre-let to Sainsbury and Asda for a total capital value of £64.6m and noted that another four “substantial” supermarkets were in the planning process and other opportunities in the pipeline.

On this, Chief Executive Philip Leech said: "We are now undoubtedly one of the market leaders of foodstore developments in the UK, with an impressive track record of completed schemes and a strong pipeline of sites in planning or under review.”

The company has been active in other sectors, having recently completed construction of a central London office and residential development, with a further project in Mayfair due to start in the summer, with a Darlington leisure complex expected later this year, and a forward funding agreement made for a large student accommodation scheme in Southampton that has already been pre-let and forward sold.

Shares in Terrace Hill Group were down 5.2% at 20.5p at 14:00 on Wednesday.

A buy in this weeks IC- Terrace Hill transformed.

Terrace Hill's shares have doubled over the past six months to reflect its return to financial health. Yet they still trade 30% below adjusted book value, which has scope to grow as the company signs up tenants for its office and leisure schemes.

A buy in this weeks IC by Simon Thompson. Trading 25% below Oriel Securities end-sept 2013 net asset value estimate of 31p, the share price discount to book value is still far too wide.

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."