TIDMEPIC

RNS Number : 1010R

Ediston Property Inv Comp PLC

04 March 2021

4 March 2021

Ediston Property Investment Company plc ('the Company')

(LEI: 213800JRL87EGX9TUI28)

Disposal of Tesco Superstore at Prestatyn Shopping Park

Ediston Property Investment Company plc (LSE: EPIC) announces that it has sold the Tesco Superstore, which forms part of Prestatyn Shopping Park, to Supermarket Income REIT. The sale price was GBP26.5m, which is in line with the property's valuation as at 31 December 2020 and above the December 2017 acquisition price. The sale completed on 3 March 2021.

The Company will retain the remainder of the retail park, which extends to c. 91,500 sq. ft. across 14 units. The retail park is let to 13 tenants, with M&S as an anchor, and has asset management angles to exploit.

Calum Bruce, Investment Manager, commented:

"The sale of this asset is in line with our investment strategy and provides us with the opportunity to recycle capital from lower yielding assets into properties which are more suited to our intensive style of asset management."

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISFFFFIVVIVIIL

(END) Dow Jones Newswires

March 04, 2021 02:00 ET (07:00 GMT)

Ediston Property Investm... (LSE:EPIC)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Ediston Property Investm....
Ediston Property Investm... (LSE:EPIC)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Ediston Property Investm....