Brief: London & Associated Properties Announces Sale Of Long Lease In Sheffield Retail Unit

London & Associated Properties

24/06/2019 08:10

June 24 (Reuters) - London & Associated Properties PLC
 LAS.L :
    * SALE OF LONG LEASE IN SHEFFIELD RETAIL UNIT
    * EXCHANGED CONTRACTS TO SELL 999 YEAR LEASE ON 58-64
FARGATE UNIT
IN SHEFFIELD TO METRO BANK FOR ITS OWN OCCUPATION
    * UNIT IS CURRENTLY LET TO RIVER ISLAND AT £495,000 PER
ANNUM AND
NET CASH INFLOW FROM SALE IS £9.5 MILLION

Source text for Eikon:  ID:nPRrLF57Ea 
Further company coverage:  LAS.L 

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