TIDMBCPT 
 
To                                RNS 
Date                            28 May 2021 
LEI Number                 213800A2B1H4ULF3K397 
From                            BMO Commercial Property Trust Limited 
 
 
Property Sale 
 
BMO Commercial Property Trust Limited (LSE: BCPT) is pleased to announce the 
disposal of a solus retail warehouse located in East Kilbride, Scotland. 
 
The Company has sold the retail warehouse for a total consideration of £ 
19million, reflecting an increase of 7.2% over the last external valuation of 
31 March 2021. The property is let to B&Q Limited for one of its large format 
stores on a lease due to expire in November 2029. 
 
This sale is entirely consistent with the strategy of adopting a higher level 
of activity within the portfolio as the Company moves to recycle capital and 
adjust sector weightings. As previously indicated, priority will be given to 
using sales proceeds to buy-back shares in the Company if the high level of 
discount persists and if the Board believes that this course of action is in 
the best interests of all shareholders. Accordingly, the Board have resolved to 
commence a share buy-back programme. 
 
 
 
All enquiries to: 
 
Richard Kirby 
BMO REP Asset Management plc 
Tel: 0207 499 2244 
 
Graeme Caton 
Winterflood Securities Limited 
Tel: 0203 100 0268 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

May 28, 2021 02:00 ET (06:00 GMT)

Balanced Commercial Prop... (LSE:BCPT)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Balanced Commercial Prop....
Balanced Commercial Prop... (LSE:BCPT)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Balanced Commercial Prop....