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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Energypathways Plc | LSE:EPP | London | Ordinary Share | GB00BM9M0884 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -2.63% | 1.85 | 1.80 | 1.90 | 1.90 | 1.85 | 1.90 | 150,000 | 14:00:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 0 | -1.86M | -0.0701 | -0.26 | 504.45k |
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RNS Number:4566J
Eurocity Properties PLC
5 September 2001
PRESS ANNOUNCEMENT
Eurocity Properties PLC ("Eurocity" or "the Company")
The Board of Eurocity is pleased to announce the acquisition of a feuhold
property comprising two retail units with ancillary offices at 30 High Street,
Paisley, Scotland, producing a rental income of #74,500 per annum.
The property is let in its entirety on a full repairing and insuring lease
subject to five yearly upward only rent reviews to Stead & Simpson Ltd, the
shoe retailer. The lease was granted for a term of 25 years from 15 May 1991.
The rent fell due for review on 16 July 2001 and is currently under
negotiation.
The purchase price is #700,000, which has been partly financed by a mortgage
from the Nationwide Building Society.
Commenting on the acquisition, Baron Bloom, Managing Director, said: "This
property is an excellent addition to our existing Scottish property portfolio
and should provide an immediate enhancement both to our balance sheet and
profitability."
Enquiries to:
Baron Bloom, Managing Director Tel: 020 7286 4433
Robert Lo/Keith Smith Tel: 020 7710 7400
Nabarro Wells & Co. Limited - Nominated Adviser
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