LXB Lxb Retail Properties Plc

TIDMLXB

RNS Number : 1672A

LXB Retail Properties Plc

07 September 2018

7 September 2018

LXB Retail Properties Plc

(the "Company" or the "Group")

Disposal of Leisure Investment at Stafford

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 the Group has today completed the sale of its leisure investment at Stafford. The Group has received net cash proceeds of GBP8.0m which is in line with the Board's expectations when it provided its most recent NAV guidance in the Group's Interim Report.

It is expected that a Committee of the Board will meet in due course to consider a further cash return to shareholders.

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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September 07, 2018 09:30 ET (13:30 GMT)

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