Dukemount Capital Plc announced that the building contract for the redevelopment of the Wavertree property in North West England has been signed by the contractor. The refurbishment targeted date for the works to be completed is the 01 November 2019. The date for completion under the building contract is 18 December 2019. Dukemount is managing the refurbishment which will be funded by monthly draw-downs from Time: Social Freehold. A development profit is paid upon practical completion of the conversion works and this will be reflected in the results which follow completion.