News & Comment
South London property company Wainford Holdings is putting £4 million into beleaguered retirement-oriented Wren Homes.
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Wren Homes, the south-east England retirement homebuilder in which property entrepreneur David Slade has taken a ten per cent stake, is launching itself into ‘extra care’ development, with backing from Royal Bank of Scotland, to cater for longer-living homebuyers.
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Retirement homes and specialist developer Wren Homes has turned a £176,000 loss into a £245,504 first-half pre-tax profit.
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As foreshadowed here on September 29, retirement accomodation builder Wren Homes plans a £2 to £3 million AIM float.
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Wren Homes, PLUS-quoted builder of retirement flats and bungalows, is thought to be considering a £2 million AIM float.
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Ofex-listed house-builder Wren Homes saw pre-tax profits fall from £140,000 to £117,000 in the six months to January. But chairman Peter West was 'very comfortable' with Seymour Pierce analyst Leslie Kent's forecast of £1 million profits for the year as a whole. Ben Cobley reports.
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Private property developer Wren Homes is launching onto Ofex through a reverse takeover deal with shell company Sardis, a moribund specialist sound company which withdrew its J P Jenkins quote in 1999, writes Robert Tyerman.
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Recommendations
Wren Homes
SPECULATIVE BUY 19/01/2007
Having settled in after moving home from Plus Markets to AIM with a £5.8m placing, upmarket retirement home-builder Wren is looking to gear up its sales push and is pondering moving into care homes too.
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Wren Homes
NO RECOMMENDATION 21/11/2002
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Wren Homes
NO RECOMMENDATION 15/04/2002
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Wren Homes
NO RECOMMENDATION 28/02/2002
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