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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Circle Property Plc | LSE:CRC | London | Ordinary Share | JE00BYP0CK63 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.50 | 3.00 | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCRC
RNS Number : 3425Y
Circle Property PLC
04 May 2023
4 May 2023
Circle Property Plc
("Circle", the "Company" or the "Group")
Final Disposal - 300 Pavilion Drive, Northampton
Circle Property Plc (AIM: CRC), is pleased to announce, that it has exchanged and simultaneously completed the sale of its final remaining asset, 300 Pavilion Drive, Northampton ("300 Pavilion Drive") to Portman Finance Group Ltd at a sale price of GBP2.85 million.
300 Pavilion Drive comprises approximately 43,577 sq ft of office accommodation including approximately 12,875 sq ft of refurbished, vacant and available to let office space. 300 Pavilion Drive is part let, as follows: Grant Thornton UK LLP (47.9%), ALD Automotive Limited (12.4%), NAK Consulting (5.4%) and Online Direct (4.7%). 300 Pavilion Drive has total rent passing of approximately GBP0.39 million per annum (GBP12.74 psf overall). 300 Pavilion Drive was acquired by the Company in May 2009 for GBP3.875 million and had a valuation as at 30 September 2022 of GBP5.45 million. The profit before tax for the year ended 31 March 2022 attributable to 300 Pavilion Drive was GBP0.2 million.
The net proceeds from the disposal will be held as Group cash and will be returned to Shareholders once adjusted for the Group's termination costs.
Further announcements will be made, in due course.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time.
+44 (0)20 7930 Circle Property Plc 8503 John Arnold, CEO Edward Olins, COO +44 (0)20 7397 Cenkos Securities plc 8900 Katy Birkin George Lawson Radnor Capital Joshua Cryer +44 (0)20 3897 Iain Daly 1830 +44 (0)20 3757 Camarco 4992 Ginny Pulbrook Rosie Driscoll
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(END) Dow Jones Newswires
May 04, 2023 02:00 ET (06:00 GMT)
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