REG-Lon.&Assoc.Props PLC: Completion of Sheffield Retail Unit Sale

London & Associated PropertiesAnnouncement

15/07/2019 07:35

FOR IMMEDIATE RELEASE

15 July 2019

LONDON & ASSOCIATED PROPERTIES PLC:

COMPLETION OF SHEFFIELD RETAIL UNIT SALE

London & Associated Properties PLC (“LAP”) today announces that it has
completed the sale of a 999-year lease on 58-64 Fargate Street, the unit at
the front of its Orchard Square shopping centre in Sheffield, to Metro Bank
for its own occupation.

The unit is currently let to River Island at £495,000 per annum and the net
cash inflow from the sale is £9.5 million, which will be used to pay down
outstanding debt on the shopping centre.

-ends-

Contact:

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

Baron Phillips, Baron Phillips
Associates.                                                            
Tel: 07767 444193



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