Trafalgar intends to add an additional business unit to operate alongside the company's existing property development operations. The company intends to invest in the hydroponic vertical farming sector.
Trafalgar's existing property divisions' activities will continue. Trafalgar's group parent will be a holding company with hydroponic investments in a new division.
Since the company's move into the assisted living sector, the Group has experienced difficulties in obtaining finance for developments in that sector, leading to the loss of the first development opportunity. The residential division has experienced delays to building programmes, combined with a lack of activity in the market for the company's units.
Accordingly, while actively continuing to develop its property development assets, the Board has looked at other opportunities where it can utilise its property development skills and diversify into other sectors. It has identified hydroponic food production, which requires significant property investment and expertise, as an area for investment.
For more information:
Trafalgar
www.trafalgarproperty.group