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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 | 07:01:06 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMHLCL
RNS Number : 8839P
Helical PLC
23 November 2016
23 November 2016
HELICAL PLC
('Helical'/ 'the Company')
HELICAL SELLS SIX ASSETS FOR GBP26 MILLION
Helical announces that it has completed on the disposal of six distribution warehouses for a combined price of GBP26m, representing a 7% premium to the March book value.
The six assets, totalling 382,000 sq ft, are located in Havant, Salford, Rugby, Alfreton and two in Northampton and have been sold to LondonMetric Property, reflecting a net initial yield of 6.5% with a weighted unexpired term in excess of seven years.
Duncan Walker, Investment Director, Helical commented; "The sale of this portfolio, at a premium to the March book value, is the culmination of Helical's asset management initiatives and shows our ability to bring some of the portfolio's more mature assets to the market and deliver attractive returns."
Helical was advised by Tudor Toone; the purchaser by Franck-Steier Price.
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
DISUUAWRNAAAUAA
(END) Dow Jones Newswires
November 23, 2016 02:00 ET (07:00 GMT)
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