Circle Property PLC Disposals (5348K)
22 12월 2022 - 4:00PM
UK Regulatory
TIDMCRC
RNS Number : 5348K
Circle Property PLC
22 December 2022
22 December 2022
Circle Property Plc
("Circle", the "Company" or the "Group")
Disposals
Circle Property Plc (AIM: CRC), is pleased to announce, in line
with its disposal strategy, that it has exchanged contracts on the
sale of 36 Great Charles Street, Birmingham and it has also
exchanged and simultaneously completed the sale of 710 Aztec West,
Bristol (the "Disposals").
36 Great Charles Street, Birmingham ("36 Great Charles
Street")
The Company has exchanged contracts on the sale of 36 Great
Charles Street to Posthandle Limited for GBP3.66 million. 36 Great
Charles Street comprises a semi-detached seven storey office
building that was acquired by the Group in September 2015 for
GBP2.5 million. Profit before tax for the year ended 31 March 2022
attributable to 36 Great Charles Street was GBP0.146 million. The
sale price represents a 29.6% decrease on the 31 March 2022
valuation of GBP5.2 million. Completion is expected in mid-January
2023.
710 Aztec West, Bristol ("710 Aztec West")
The Company has exchanged and simultaneously completed the sale
of 710 Aztec West to Harwood Business Parks Investment Limited for
GBP2.3 million. 710 Aztec West comprises an office building in
Bristol's premier out of town business park. The Group acquired 710
Aztec West together with 720 Aztec West in March 2018 for a
combined consideration of GBP4.2 million. The Group has already
disposed of 720 Aztec West as announced on 12 May 2022. Profit
before tax for the year ended 31 March 2022 attributable to 710
Aztec West was GBP0.214 million. The sale price represents a 10.7%
decrease on the 31 March 2022 valuation of GBP2.6 million.
The net proceeds from the Disposals, following completion, will
be held as Group cash and the Board expects that a minimum of two
returns of capital will be made to shareholders, the first of which
is expected to occur in Q1 2023.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK version of the EU Market Abuse Regulation (2014/596) which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended and supplemented from time to time.
+44 (0)20 7930
Circle Property Plc 8503
John Arnold, CEO
Edward Olins, COO
+44 (0)20 7397
Cenkos Securities plc 8900
Katy Birkin
Mark Connelly
George Lawson
Radnor Capital
Joshua Cryer +44 (0)20 3897
Iain Daly 1830
+44 (0)20 3757
Camarco 4992
Ginny Pulbrook
Toby Strong
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END
DISEAXAFALLAFFA
(END) Dow Jones Newswires
December 22, 2022 02:00 ET (07:00 GMT)
Circle Property (LSE:CRC)
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부터 9월(9) 2023 으로 9월(9) 2024