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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Helical Plc | AQSE:HLCL.GB | Aquis Stock Exchange | Ordinary Share | GB00B0FYMT95 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 200.00 | 150.00 | 250.00 | 200.00 | 200.00 | 200.00 | 0.00 | 06:56:49 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHLCL
RNS Number : 6313M
Helical PLC
17 October 2016
17 October 2016
HELICAL PLC
('Helical'/ 'the Company')
HELICAL SELLS FOUR ASSETS FOR GBP20.7 MILLION
Helical announces that it has completed on the disposal of four assets in two separate transactions for a combined price of GBP20.7m representing a 10% premium to the March book value.
The sales were as follows:
-- Three logistics units located in Daventry, Burton on Trent and Bedford to Custodian REIT for GBP13.4m, reflecting a net initial yield of 6.75%
-- A single logistics unit in Stevenage which is let to DSG sold to LondonMetric Property for GBP7.3m, reflecting a net initial yield of 6.25%
Duncan Walker, Investment Director, Helical commented; "We are pleased to have completed the sale of these properties where we have concluded our asset management plans. We remain encouraged by the level of activity in the investment and occupational market despite political uncertainties. Institutional buyers continue to have an appetite for high quality properties in an environment where yield is extremely challenging to find in many investment categories."
Franck-Steier Price represented both purchasers.
For further information please contact:
Helical Duncan Walker/Tim Murphy Tel: 020 7629 0113 FTI Consulting Dido Laurimore/Tom Tel: 020 3727 1000 Gough/Richard Gotla
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISLLFIDILLSLIR
(END) Dow Jones Newswires
October 17, 2016 02:00 ET (06:00 GMT)
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