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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wynnstay Properties Plc | LSE:WSP | London | Ordinary Share | GB0009842898 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 690.00 | 670.00 | 710.00 | 710.00 | 690.00 | 690.00 | 0.00 | 08:00:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Lessors Of Real Property,nec | 2.31M | 1.14M | 0.4235 | 16.29 | 18.61M |
TIDMWSP
RNS Number : 6497V
Wynnstay Properties PLC
25 July 2018
WYNNSTAY PROPERTIES PLC
("the Company")
Acquisition
25(th) July 2018
The Company is pleased to announce that it has exchanged contracts for the acquisition of a freehold multi-let trade counter estate comprising Units 10-15 Petersfield Business Park, Petersfield from Friars House Investments Limited for GBP3.83 million. The total acquisition cost of GBP4.1 million, which includes stamp duty and other acquisition costs, will be funded from existing cash resources and debt facilities. The estate is fully let and produces a current rent of GBP203,592 per annum.
Commenting on this transaction Philip Collins, Chairman of Wynnstay, said:
"We are pleased to have secured the Petersfield property for the Wynnstay portfolio in a keen bidding process. It provides a good fit with our other assets in Hampshire, Surrey and Sussex, in terms of size, lease profile and tenant mix. We hope that there may be possible opportunities to build on our presence in Petersfield in due course although this will take time and effort in the current market conditions."
For further information please contact:
Wynnstay Properties Plc
Toby Parker, Finance Director
020 7554 8766
Panmure Gordon (UK) Limited
Andrew Potts
020 7886 2500
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 25, 2018 02:00 ET (06:00 GMT)
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