PLUS1
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ediston Property Investment Company Plc | LSE:EPIC | London | Ordinary Share | GB00BNGMZB68 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.20 | 0.26% | 78.20 | 78.00 | 78.20 | 78.20 | 77.40 | 78.00 | 503,484 | 16:35:22 |
| Industry Sector | Turnover (m) | Profit (m) | EPS - Basic | PE Ratio | Market Cap (m) |
|---|---|---|---|---|---|
| Equity Investment Instruments | 17.4 | 11.3 | 5.3 | 14.6 | 164 |
Ediston Property Inv Comp PLC Disposal of Midland Bridge House, Bath
25/11/2021 6:59am
UK Regulatory (RNS & others)
Ediston Property Investm... (LSE:EPIC)
Historical Stock Chart
From Nov 2021 to May 2022
TIDMEPIC
RNS Number : 5053T
Ediston Property Inv Comp PLC
25 November 2021
25 November 2021
Ediston Property Investment Company plc ('the Company')
(LEI: 213800JRL87EGX9TUI28)
Disposal of Midland Bridge House, Bath
Ediston Property Investment Company plc (LSE: EPIC) announces that it has sold its office building, Midland Bridge House, Bath, for GBP5.925m. The net initial yield is 5.7%, which is in line with the 30 September 2021 valuation. The property extends to c. 18,500 sq. ft. and is let to Royds Withy King until March 2029.
The sale is in line with the Company's new strategy to sell its office portfolio and to reinvest the proceeds in retail warehouses.
Calum Bruce, Investment Manager, commented:
"This is the first office sale since we announced our new strategy in Q3. Progress is being made with our other office sales and we are actively looking at reinvestment opportunities. We want to acquire retail warehouse assets which are more suited to our intensive style of asset management."
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Enquiries Will Barnett * Investec Bank plc 0207 597 5873 Calum Bruce * Ediston Properties Limited 0131 225 5599 Ruth Wright * JTC 0203 893 1011 Ben Robinson * Kaso Legg Communications 0203 995 6672 Stephanie Ross * Kaso Legg Communications 0203 995 6676
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(END) Dow Jones Newswires
November 25, 2021 01:59 ET (06:59 GMT)
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