BMO Com Pty Tst Ltd Property Sale
28 Mayo 2021 - 01:00AM
UK Regulatory
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
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May 28, 2021 02:00 ET (06:00 GMT)
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