Sutton Harbour owner remains hopeful of significant property sales
Plymouth waterfront property group Sutton Harbour remains hopeful of agreeing a deal to sell King Point Marina by March as part of its need to "reduce debt to a manageable level".
The group sold three properties in autumn enabling it to make loan repayments of £1.45m. Its bank debt remains above £20m but it has the target of having this down to £11.8m by the end of its financial year in March.
Sutton Harbour has told shareholders it "has received good interest" in all of the assets it is targeting to sell in the next three mo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
