Finance

NAV rises as U+I eyes pipeline projects in London and South

By 2018-10-24T13:02:00

U+I Cambridge Water Recycling Centre

Regeneration specialist U+I has reported a year-on-year rise of 6% in net asset value (NAV) to 284p in half-year results alongside announcing plans to invest in three new pipeline projects alongside a capital partner.

U+I results show the group “on track” to deliver £45-50m of development and trading gains in 2019, with the developer currently working on a £3.5bn GDV mixed-use scheme at Cambridge Northern Fringe East and in exclusive negotiations on a new private-public partnership project in London.

Alongside this, U+I has appointed advisors to find capital partners to fund “three major pipeline projects” between now and the end of the year. Chief executive Matthew Weiner also expects imminent progress on a mixed-use scheme having secured resolution to grant planning at Kensington Church Street during the period.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue