The AIM-listed business said it will look to redevelop the North Quay House office block and build the massive Sugar Quay tower despite going into the red over its Harbour Arch Quay project.
In an update for investors, SHG's executive chairman Philip Beinhaker said delays and soaring costs while building the ninestorey Harbour Arch Quay, at Sutton Harbour, meant it made a £2.629m loss on the project, even though all flats were sold.
But the company, which has just announced annual losses of nearly £4m and been ordered to sell off assets, said it still wants to transform the five-storey North Quay House, at Sutton Harbour, from offices into 10 plush apartments.
It is also ploughing ahead with plans for the vast Sugar Quay development, also at Sutton Harbour, and land right behind it. A £60m skyscraper has been earmarked for an empty plot of land for years, but SHG will now look to submit plans for a "redesigned" project next year.
In SHG's financial results for the year to the end of March 2024, the company revealed it had seen after-tax losses almost double to £3.836m.
Denne historien er fra September 28, 2024-utgaven av The Herald.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 28, 2024-utgaven av The Herald.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Whittaker hits his century of Argyle outings
MORGAN Whittaker is set to make his 100th appearance for Plymouth Argyle in the away Championship game against Stoke City today (12.30pm).
A WELCOME RETURN
CISSOKO BACK AFTER THREE MONTHS OUT
Argyle without Gibson as he heads to Preston
PLYMOUTH Argyle will be without defender Lewis Gibson for today's Championship clash at Stoke City after he yesterday joined Preston North End for what the club called a \"significant undisclosed fee.\"
New year, new job buzz for Hamilton
SWITCH TO FERRARI GIVES LEWIS FRESH IMPETUS AFTER A YEAR OF STRUGGLE
Musk 'could help us fight online abuse'
ELON Musk’s attacks on the UK Government’s handling of child grooming gangs are “misjudged and certainly misinformed”, Wes Streeting said.
Zelensky talks Trump
TRUMP is \"strong and unpredictable\" and those qualities can be a decisive factor in his policy approach to Russia's invasion of Ukraine, according to Ukrainian President Volodymyr Zelensky.
Warnings in place as cold weather hits
LARGE parts of the country will face disruption from heavy snow and freezing rain over the weekend after forecasters issued two amber weather warnings.
Care crisis pledges
PEOPLE should be \"protected from the catastrophic costs of upfront care\" that see them forced to sell their homes, Wes Streeting has suggested.
Biker slams 'shoddy' new parking spaces
SAYS NEW SITE IN PRINCESS STREET IS MUCH SMALLER
Burglar's 24-hour rampage'
A MAN is set to face a judge for sentencing later this month after he admitted burgling a series of commercial businesses, including two of the city's most well-known latenight eateries.
