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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Spec Inves Prop | LSE:SIPP | London | Ordinary Share | IM00BZ97VJ22 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 16.00 | 15.00 | 17.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSIPP
RNS Number : 3870R
Specialist Investment PropertiesPLC
09 December 2016
9 December 2016
Specialist Investment Properties plc
(the "Company" or "SIPP")
Update re Acquisition of Property
The Company announced on 15 September 2016 that it had exchanged contracts to acquire, on completion of construction, a newly refurbished and extended freehold property in Workington, Cumbria. Completion of the conversion of the property from a former hotel into 16 one bedroom flats providing supported living accommodation, was expected to occur by the end of 2016, at which point SL Workington Limited ("SL Workington"), a subsidiary of SIPP, would complete the acquisition. The Company has been informed that due to the age of the property, some delays to its refurbishment have been experienced and so completion of the construction process is now expected to occur at the end of Q1 2017. SL Workington is not involved in, or obliged to provide any funding in conjunction with the construction process. A further announcement will be made by the Company in due course.
For further information:
Specialist Investment Properties plc
John Le Poidevin / Lynn Bruce / Simon Clements
+44 (0) 1481 724222
Puma Investment Management Limited (Investment Adviser to the Company)
David Kaye
+44 (0) 20 7408 4050
Allenby Capital Limited (Nomad and Broker to the Company)
David Worlidge / James Thomas / Liz Kirchner
+44 (0) 20 3328 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQAKFDBFBDDBBK
(END) Dow Jones Newswires
December 09, 2016 02:00 ET (07:00 GMT)
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