REG-Lon.&Assoc.Props PLC: Completion of Brixton Markets Sale

London & Associated PropertiesAnnouncement

27/04/2018 08:05

27 April 2018

LONDON & ASSOCIATED PROPERTIES PLC (“LAP”):

COMPLETION OF BRIXTON MARKETS SALE

LAP announces it completed on 26 April 2018 the sale of Market Row and Brixton
Village to Market Village Limited for a combined cash consideration of £37.25
million.

Last valued as at 31 December 2016 the sale represents a substantial profit
over the stated book value of £24.5 million. £15.9 million of the proceeds
have been used to repay debt, and the balance has been added to LAP’s cash
reserves.

Ends.

Contact:

                John Heller, Chief Executive, LAP.        
                                  Tel: 020 7415 5000

                Baron Phillips, Baron Phillips Associates.  
                              Tel: 07767 444193



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