THERE are plans for more flats on Plymouth's waterfront, even though it has emerged the new Harbour Arch Quay tower was built at a loss.
Sutton Harbour Group Plc (SHG) says it intends to transform the mostly disused office block North Quay House into apartments in 2024, with demand already high, and has come up with a new proposal for the vast Sugar Quay development.
The AIM-listed marine and waterfront regeneration company, in an update to investors, said it was pleased to have restarted property development after more than a decade's hiatus with completion of Harbour Arch Quay, at Sutton Harbour, in 2023.
The firm said sales of all 14 apartments in the nine-storey building during construction demonstrated demand for high-quality property around the harbour. It will now move ahead with plans to convert the North Quay House office building, mostly empty, into a block of 10 high-quality apartments.
This story is from the January 01, 2024 edition of The Herald.
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This story is from the January 01, 2024 edition of The Herald.
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