LONDON AND ASSOCIATED PROPERTIES PLC - Completion of Sheffield Retail Unit Sale
July 15 2019 - 1:30AM
PR Newswire (US)
FOR IMMEDIATE RELEASE
15 July 2019
LONDON & ASSOCIATED PROPERTIES PLC:
COMPLETION OF
SHEFFIELD RETAIL UNIT SALE
London & Associated
Properties PLC (“LAP”) today announces that it has completed the
sale of a 999-year lease on 58-64 Fargate Street, the unit at the
front of its Orchard Square shopping centre in Sheffield, to Metro Bank for its own
occupation.
The unit is currently let to River
Island at £495,000 per annum and the net cash inflow from
the sale is £9.5 million, which will be used to pay down
outstanding debt on the shopping centre.
-ends-
Contact:
John Heller, Chief Executive,
LAP.
Tel: 020 7415 5000
Baron Phillips, Baron Phillips
Associates.
Tel: 07767 444193
Copyright y 12 PR Newswire
London & Associated Prop... (LSE:LAS)
Historical Stock Chart
From Apr 2024 to May 2024
London & Associated Prop... (LSE:LAS)
Historical Stock Chart
From May 2023 to May 2024