latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/u-and-i-group-provides-update-on-transactional-activity-57771833 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

U and I Group provides update on transactional activity

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

U and I Group provides update on transactional activity

London-based real estate developer U and I Group PLC said Brexit related delays in decision-making and securing planning consents have impacted the timing of some of the company's projects.

The delays have been escalated due to coronavirus pandemic's impact on transactional activity and government policy, so there is no certain way to predict the timing or value of transactions.

The company said it is unlikely to complete by March 31 projects that were set out in its interim results guidance Nov. 20, 2019, to meet the lower end of £35 million of targeted gains for 2020.

U and I is in advanced legal discussions on many projects including Harwell, within its portfolio.

The company cannot provide a more detailed review of target gains due to confidentiality and it is managing its cost base and reducing its expenses and nonessential capital expenditure.

A post-close statement will be issued in early April containing information regarding gains, trading and its cost mitigation actions, the company said in a release.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis here.