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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kcr Residential Reit Plc | LSE:KCR | London | Ordinary Share | GB00BYWK1Q82 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.00 | 8.00 | 10.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Investment Trust | 1.58M | -166k | -0.0040 | -22.50 | 3.75M |
TIDMKCR
RNS Number : 8872K
K&C REIT PLC
12 July 2017
12 July 2017
K&C REIT plc
("K&C")
Acquisition of three leasehold apartments
K&C REIT plc is pleased to announce that its wholly owned subsidiary, K&C (Osprey) Limited, has acquired three apartments within one of its freehold retirement residential developments. The 67-year leases of the three apartments were purchased for a total consideration of GBP935,000, excluding costs, using the proceeds of the GBP1.35 million of loan notes announced on Monday 10 July. Following acquisition, the units will be refurbished and added to K&C's portfolio of rental properties.
Dominic White, the chief executive of K&C, said, "These transactions demonstrate K&C's ability to act quickly to acquire high-quality residential assets from its pipeline of opportunities that will improve the overall portfolio income yield, and generate immediate and long-term value for shareholders".
Contacts:
K&C REIT plc info@kandc-reit.co.uk Dominic White, Chief executive +44 20 3793 Tim James, Property director 5236 +44 7768 833 Arden Partners plc 029 William Vandyk Steve Douglas +44 20 7614 5917 Yellow Jersey PR +44 7747 788 Charles Goodwin 221
Notes to Editors:
K&C's objective is to build a substantial residential property portfolio that generates secure income flow for shareholders through the acquisition of SPVs (Special Purpose Vehicles) with inherent historical capital gains. The Directors intend that the group will acquire, develop and manage residential property assets in London and other key residential areas in the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
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July 12, 2017 08:40 ET (12:40 GMT)
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