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LXB Lxb Retail Properties Plc

1.54
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lxb Retail Properties Plc LSE:LXB London Ordinary Share JE00B4MFKH73 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% 1.54 1.10 1.98 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

LXB Retail Properties Plc Update on Disposal of Investments (0581V)

18/07/2018 2:30pm

UK Regulatory


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TIDMLXB

RNS Number : 0581V

LXB Retail Properties Plc

18 July 2018

LXB Retail Properties Plc

(the "Company" or the "Group")

Update on Disposal of Investments at Stafford and Sheppey

LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, is pleased to announce that it has exchanged contracts for the variation to the original forward sale agreement of the Group's leisure investment at Stafford and has completed the letting of the final unit in Phase 2C at Neats Court, Isle of Sheppey.

On 17 July 2018, the Group exchanged contracts to vary the original Stafford Leisure forward sale agreement. The terms of this contract are as stated in the Interim Report of the Company for the 6 months ended 31 March 2018.

On 12 July 2018, the Group concluded a letting with Creams on the final unit of Phase 2C at Neats Court, Isle of Sheppey. This has resulted in a further net receipt of GBP0.42m under the sale contract with Lightstone LLP.

For further information please contact:

 
LXB Partners LLP              Tel: 020 7432 7900 
 Tim Walton, CEO 
 Brendan O'Grady, FD 
J.P. Morgan Cazenove (NOMAD)  Tel: 020 7742 4000 
 Bronson Albery/Paul Hewlett 
Buchanan                      Tel: 020 7466 5000 
 Charles Ryland/Henry Wilson 
 

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

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(END) Dow Jones Newswires

July 18, 2018 09:30 ET (13:30 GMT)

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