Acquisition
July 09 2001 - 10:56AM
UK Regulatory
RNS Number:6161G
Eurocity Properties PLC
9 July 2001
PRESS ANNOUNCEMENT
Eurocity Properties PLC ("Eurocity" or "the Company")
The Board of Eurocity is pleased to announce the acquisition of a freehold
supermarket comprising 22,125 sq. ft. at 177-195 High Street, Scunthorpe,
producing a rental income of #80,000 per annum.
177-195 High Street, Scunthorpe is let on a full repairing and insuring lease
subject to five yearly upward only rent reviews to QLM Limited, a regional
supermarket chain. The lease was granted on 16 March 2001 for a period of 20
years. The next rent review is due on 25 March 2006.
The purchase price is #710,000, which has been funded by the Nationwide
Building Society.
Enquiries to:
Baron Bloom, Managing Director Tel: 020 7286 4433
Robert Lo/Keith Smith Tel: 020 7710 7400
Nabarro Wells & Co. Limited - Nominated Adviser
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