Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Sutton Harbour reports 'strong' post-Covid recovery
(Sharecast News) - Sutton Harbour Group said in an update on Monday that trading was continuing to make a "strong recovery", with sustained high levels of occupancy at the marinas now reaching capacity, and car parking revenues back to the peak trading levels of two years ago. The AIM-traded firm said tenants of the waterfront property estate in Plymouth had "weathered the disruption", with occupancy maintained at over 90%.
It said the resilience and performance of its investments and owner-occupied assets was reflected by the unaudited independent valuers report of 31 March, which valued the portfolio excluding development sites at £54.17m - a £6.85m year-on-year increase.
The valuation of the owner-occupied assets, being the marinas, car parks and fisheries, reflected the "strong trading" by both the marinas and car park operations.
"The company started construction of Harbour Arch Quay, a 14 apartment waterfront building, in February with works now emerging from the ground," the board said in its statement.
"Completion is scheduled for early spring 2023.
"Strong interest is being received from potential purchasers for the high specification units, all of which have direct south-west facing views over Sutton Harbour."
Revised plans for the Sugar Quay development, on the eastern side of Sutton Harbour, meanwhile received unanimous approval from the local planning authority in April, with pre-construction conditions expected to be settled in the coming weeks.
"The company has embarked on consented works to the listed Old Barbican Market to convert the 7500 square foot glazed building into three units and to improve the external public realm.
"These works will allow the three incoming tenants to complete fitting out and opening by late summer 2022."
The property was vacated by Edinburgh Woollen Mill in May last year.
Sutton Harbour Group said it expected to announce its results for the year ended 31 March in mid-July.
At 1159 BST, shares in Sutton Harbour Group were up 5% at 21p.
Reporting by Josh White at Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.