14 July 2011 – AGM statement
The strong rate of sales since the start of the financial year has been maintained with the group selling 233 properties across 7 developments – an increase of 50% over the previous year. This is in line with management’s expectations. The group has also agreed terms to purchase a number of development sites that should add over 400 homes to the development pipeline. With the peoperty market in East London remaining firm, we retain our recommendation of BUY.