Ediston Property Inv Comp PLC Exchange of contracts to sell final office asset (4673C)
22 Febrero 2022 - 09:39AM
UK Regulatory
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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