One Heritage Group PLC announced the practical completion of St Petersgate, Stockport, a residential development project consisting of 18 high-end apartments and one commercial unit. The property, formerly an office building, is located in the heart of Stockport town centre. The five storey property is c. 12,000 square feet and comprises a mix of one and two bed apartments.

Construction work on this project commenced in First Quarter 2022 with One Heritage Construction as the principal contractor leading the delivery of the redevelopment. The supporting design team comprised project managers Innov8, SSH Architects, structural engineers Kennedy Redford, mechanical and electrical engineers Crooks Walker and principal designers RJD Associates. Sales are progressing and all 18 units have exchanged contracts and the commercial unit has been pre let at EUR 15,000 per annum.

There is no construction finance to repay, and the Company expects to receive net proceeds of EUR 2.9 million later this month.