TIDMEPIC

RNS Number : 4673C

Ediston Property Inv Comp PLC

22 February 2022

22 February 2022

Ediston Property Investment Company plc

(LEI: 213800JRL87EGX9TUI28)

Exchange of contracts to sell final office asset

Ediston Property Investment Company plc (LSE: EPIC) announces that, in line with its revised strategy to sell its offices and reinvest the proceeds in retail warehouses, it has exchanged unconditional contracts to sell its final office asset, St Philips Point, Birmingham. Completion is scheduled for 25 March 2022.

The headline price will be 3.9% below the 31 December 2021 property valuation, but above cost for the asset. The impact of the sale will be accounted for in conjunction with the overall movement in the portfolio value in the next NAV announcement, for the quarter ending 31 March 2022.

End

 
 Enquiries 
 
 Will Barnett      *    Investec Bank plc             0207 597 5873 
 
 Calum Bruce       *    Ediston Properties Limited    0131 225 5599 
 
 Ruth Wright       *    JTC                           0203 893 1011 
 
 Ben Robinson      *    Kaso Legg Communications      0203 995 6672 
 Stephanie 
  Ross             *    Kaso Legg Communications      0203 995 6676 
 

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February 22, 2022 10:39 ET (15:39 GMT)

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