We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| 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 | 9.50 | 9.00 | 9.50 | 40 | 08:00:04 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 1.58M | -166k | -0.0040 | -22.50 | 3.75M |
From Apr 2019 to Apr 2024
TIDMKCR
RNS Number : 1786K
KCR Residential REIT PLC
12 December 2018
12 December 2018
KCR Residential REIT plc
Disposal of subsidiary
KCR Residential REIT plc ("KCR" or the "Company) announces that it has today sold its wholly owned subsidiary, KCR (Cygnet) Limited ("Cygnet") to a subsidiary of Inland Homes plc ("Inland") for a cash consideration of GBP1.14 million, subject to adjustment upon finalisation of the completion accounts. Cygnet owns two long leases on supermarket sites in southeast England and the sale includes the associated debt facility.
KCR acquired Cygnet on 29 June 2018 from Inland. Sale proceeds excluding costs are approximately the same as the acquisition cost of Cygnet. Cygnet was valued at GBP1.5 million net of debt in KCR's financial statements at 30 June 2018. The proceeds of sale will be used to reduce the Company's indebtedness. The disposal is consistent with the Company's investment strategy to invest primarily in residential housing.
The sale is classified as a related party transaction under the AIM Rules as Inland is interested in 12.6 per cent of the Company's share capital. The Directors consider, having consulted with Arden Partners, the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as the shareholders are concerned.
For further information, please contact:
KCR Residential REIT plc info@kcrreit.com Dominic White, Chief Executive +44 20 3793 5236 Arden Partners plc Tom Price/ Benjamin Cryer +44 20 7614 5917
Notes to editors:
KCR'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 residential areas in the UK.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DISFFAEFFFASEEE
(END) Dow Jones Newswires
December 12, 2018 02:00 ET (07:00 GMT)
1 Year Kcr Residential Reit Chart |
1 Month Kcr Residential Reit Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
