Regenerating the Plymouth waterfront remained a work in progress for Sutton Harbour (SUH), with steady progress made in the first half to September. Headline profits were boosted by a near doubling in the valuation uplift to £1m, although even without this, adjusted profits were up nearly two thirds at £250,000.
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A new outlet for The Boston Tea Party in Jamaica House helped to lift the occupancy rate up from 93.3 per cent to 96.2 per cent within the property portfolio, although vacancy at the Sutton Harbour marina was up slightly after a major customer reduced its berthing requirements. However, occupancy at the recently opened King Point Marina exceeded expectations.