News blog

Safeland

• BY: Andrew Hore |
• POSTED: 18/02/2014 |

Property investor Safeland has moved towards unconditional planning consent for housing at the Chandos Tennis Club site in Golders Green.

The London Borough of Barnet has passed a resolution to grant planning permission for housing but there are still further steps before this becomes full consent.

In the accounts for the year to March 2013, the valuation of this property was increased by £225,000 to £4,175,000. The company’s NAV was £4.175m at the end of March 2013. The previous year the valuation had been increased by just over £1m.

The news about the Chandos site comes soon after the announcement of the proposed demerger of the Safestay hostels business.

At 37.25p a share, Safeland is valued at £6.28m.

Download the latest AIM Journal from http://wwww.hubinvest.com/AIMPDFFebruary2014_53.pdf