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Name | Symbol | Market | Type |
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Cred Ag Co 29 | LSE:60JI | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:4731Q Brixton Estate PLC 6 September 2000 BRIXTON SELLS #20.25m READING BRIDGE HOUSE In accordance with its ongoing strategy of focusing on the South East industrial, warehouse and business space markets Brixton Estate plc has exchanged contracts to sell the 115,000 sq ft office building, Reading Bridge House in Reading, to The Royal Bank of Scotland plc as Custodian Trustee of the Diageo Pension Scheme for #20.25m. Completion of the sale is due on 18th September. The property which is marginally overrented produces #1.82m pa with 60% of the income secured until 2010 and the acquisition will show the purchaser a net yield of 8.5%. The sale gives Brixton a small surplus over the June 2000 interim valuation of #20m and compares with the December 1999 year end valuation of #19.25m. Insignia Richard Ellis acted for Brixton with Savills Fund Management advising the purchaser. For further information contact: Tim Wheeler Brixton Estate 020 7400 4426 Steven Owen Brixton Estate 020 7400 4432 Paul Davies Financial Dynamics 020 7269 7219 Ben Foster Financial Dynamics 020 7269 7247
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