12 March 2024
ONE HERITAGE GROUP PLC
(the “Company”)
Practical Completion of North Church
House, Sheffield
One Heritage Group PLC (LSE: OHG), the UK-based residential
developer focused on the North of England, is pleased to announce
the practical completion of North Church House, Sheffield, a
residential redevelopment comprising 58 one and two bed apartments
of a seven storey former office building in Sheffield City
Centre.
Construction work commenced in Quarter 1 2022 with One
Heritage Construction as the principal contractor leading the
delivery of the project with a supporting team of Cube project
managers, SSH architects, Kennedy Redford structural engineers,
Crooks Walker mechanical and electrical engineers Crooks Walker
mechanical engineers and RJD Associates principal
designers.
As announced in the Group’s results, after careful internal
evaluation, the Company has taken the decision to cease providing
in-house construction services to both its direct development and
development management projects in favour of the appointment of a
fixed-price principal contractor. This takes effect following the
completion of North Church House.
Jason Upton, One Heritage CEO,
commented:
“We are pleased to announce the
completion of North Church House, Sheffield marking our second
successful development management project. With this project’s
conclusion, we are also implementing a strategic shift by ceasing
in-house construction for both direct development and development
management projects. Transitioning to engage fixed-price principal
contractors aligns with our long-term strategic vision. This allows
us to leverage specialised expertise and resources, mitigate risks,
and streamline project management processes.”
Contacts
One Heritage Group plc
Jason Upton
Chief Executive Officer
Email: jason.upton@one-heritage.com
Hybridan LLP (Financial Adviser and
Broker)
Claire Louise Noyce
Email: claire.noyce@hybridan.com
Tel: +44 (0)203 764 2341
About One Heritage Group
One Heritage Group PLC is a property development and
management company. It focuses on the residential sector primarily
in the North of England, seeking out value and maximising
opportunities for investors. In 2020 One Heritage Group PLC became
one of the first publicly listed residential developers with a
focus on co-living.
The Company is listed on the Standard List of the Main Market
of the London Stock Exchange, trading under the ticker
OHG.
For further information, please visit the Company’s website
at https://www.oneheritageplc.com/.