U And I Group (UAI)

Sector:

Real Estate

Index:

FTSE Small Cap

78.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 188.80
  • 52 Week Low: 76.30
  • Currency: UK Pounds
  • Shares Issued: 125.43m
  • Volume: 1,470
  • Market Cap: £97.84m

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U+I submits plans for huge redevelopment in Charlton, Greenwich

By Josh White

Date: Friday 20 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Specialist regeneration developer and investor U+I has submitted plans for its £200m gross development value mixed-use scheme at Faraday Works in Charlton, Greenwich, it announced on Friday.

The London-listed company said the site, formerly known as Westminster Industrial Estate, was is one of two planning submissions totalling £1bn gross development value outlined at the interim results on 20 November.

It said it expected an outcome in the second half of 2020, and first gains from the project in the 2021 calendar year.

Working as part of a joint venture with Galliard Homes and alongside landowners Royal London, this scheme would "transform" the historic Siemens Brothers Factory overlooking the River Thames from a derelict site into a thriving business, innovation and residential village, inspired by industrial heritage, the firm said.

Part of Greater London Authority's Charlton Riverside Opportunity Area, the proposed scheme would create 492 new homes - of which 35% would be affordable - as well as an innovation hub with specialist facilities, adaptable industrials, logistics and workshop space, retail, public realm as well as significant improvements to the Thames Path.

It was expected to create around 900 jobs and generate £100m for the local economy.

"Faraday Works will celebrate the industrial heritage of the site and deliver on the vision of the masterplan for Charlton Riverside to retain and grow industry and jobs, as well as meet the urgent need for new homes," said chief development officer Richard Upton.

"We have consulted extensively with local people, businesses and other stakeholders, ensuring our proposals will create a pioneering mixed community on London's riverside and an innovation and industrial hotspot."

At 1503 GMT, shares in U+I were up 6.79% at 179.62p.

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U And I Group Market Data

Currency UK Pounds
Share Price 78.00p
Change Today 1.00p
% Change 1.30 %
52 Week High 188.80
52 Week Low 76.30
Volume 1,470
Shares Issued 125.43m
Market Cap £97.84m

U And I Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.74% above the market average65.74% above the market average65.74% above the market average65.74% above the market average65.74% above the market average
39.29% above the sector average39.29% above the sector average39.29% above the sector average39.29% above the sector average39.29% above the sector average
Price Trend
81.4% below the market average81.4% below the market average81.4% below the market average81.4% below the market average81.4% below the market average
89.09% below the sector average89.09% below the sector average89.09% below the sector average89.09% below the sector average89.09% below the sector average
Income
33.27% below the market average33.27% below the market average33.27% below the market average33.27% below the market average33.27% below the market average
62.79% below the sector average62.79% below the sector average62.79% below the sector average62.79% below the sector average62.79% below the sector average
Growth
75.02% below the market average75.02% below the market average75.02% below the market average75.02% below the market average75.02% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
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U And I Group Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 08-Aug-19
Paid 20-Dec-19 06-Sep-19
Amount 2.40p 3.50p

Trades for 03-Jul-2020

Time Volume / Share Price
09:45 900 @ 80.72p
09:44 250 @ 78.64p
09:37 310 @ 78.00p
09:37 10 @ 81.00p

U And I Group Key Personnel

CEO Matthew Weiner

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