LXB Retail Properties Plc Update on Disposal of Investments (0581V)
July 18 2018 - 8:30AM
UK Regulatory
TIDMLXB
RNS Number : 0581V
LXB Retail Properties Plc
18 July 2018
LXB Retail Properties Plc
(the "Company" or the "Group")
Update on Disposal of Investments at Stafford and Sheppey
LXB Retail Properties Plc, the Jersey resident closed-ended real
estate investment company focused on edge of town and out of town
retail assets, is pleased to announce that it has exchanged
contracts for the variation to the original forward sale agreement
of the Group's leisure investment at Stafford and has completed the
letting of the final unit in Phase 2C at Neats Court, Isle of
Sheppey.
On 17 July 2018, the Group exchanged contracts to vary the
original Stafford Leisure forward sale agreement. The terms of this
contract are as stated in the Interim Report of the Company for the
6 months ended 31 March 2018.
On 12 July 2018, the Group concluded a letting with Creams on
the final unit of Phase 2C at Neats Court, Isle of Sheppey. This
has resulted in a further net receipt of GBP0.42m under the sale
contract with Lightstone LLP.
For further information please contact:
LXB Partners LLP Tel: 020 7432 7900
Tim Walton, CEO
Brendan O'Grady, FD
J.P. Morgan Cazenove (NOMAD) Tel: 020 7742 4000
Bronson Albery/Paul Hewlett
Buchanan Tel: 020 7466 5000
Charles Ryland/Henry Wilson
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contact rns@lseg.com or visit www.rns.com.
END
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