Ediston Prop Inv - Exchange of contracts to sell final office asset
22/02/2022 15:39
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220222:nRSV4673Ca&default-theme=true RNS Number : 4673C Ediston Property Inv Comp PLC 22 February 2022 22 February 2022 Ediston Property Investment Company plc (LEI: 213800JRL87EGX9TUI28) Exchange of contracts to sell final office asset Ediston Property Investment Company plc (LSE: EPIC) announces that, in line with its revised strategy to sell its offices and reinvest the proceeds in retail warehouses, it has exchanged unconditional contracts to sell its final office asset, St Philips Point, Birmingham. Completion is scheduled for 25 March 2022. The headline price will be 3.9% below the 31 December 2021 property valuation, but above cost for the asset. The impact of the sale will be accounted for in conjunction with the overall movement in the portfolio value in the next NAV announcement, for the quarter ending 31 March 2022. End Enquiries Will Barnett - Investec Bank plc 0207 597 5873 Calum Bruce - Ediston Properties Limited 0131 225 5599 Ruth Wright - JTC 0203 893 1011 Ben Robinson - Kaso Legg Communications 0203 995 6672 Stephanie Ross - Kaso Legg Communications 0203 995 6676 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 (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END MSCFLFVEFTIFFIF