REG - Town Centre Secs. - Sale of Port Street car park, Manchester

Town Centre SecuritiesAnnouncement

14/12/2022 14:45

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RNS Number : 7356J  Town Centre Securities PLC  14 December 2022

14 December 2022

Town Centre Securities PLC

(The 'Group' or the 'Company')

Sale of Port Street car park, Manchester

Town Centre Securities PLC, the Leeds, Manchester, Glasgow and London property
investment, development, car park and hotel operator, today announces
completion of the sale of its surface level car park at Port Street,
Manchester.

The Company is pleased to announce that on 14 December 2022 it completed on
the sale of its surface level car park at Port Street, Manchester to Select
Property Group for £12.95m. The book value of this car park at 30 June 2022
was £12.75m and the net income generated in the year ended 30 June 2022 was
£124k. The proceeds from the sale were used to repay bank borrowings.

ENDS

For further information, please contact:

 

 Town Centre Securities PLC                                                                                                                                                                                                                                                                                    www.tcs-plc.co.uk (http://www.tcs-plc.co.uk) / @TCS PLC

                                                                                                                                                                                                                                                                                                             0113 222 1234
 Edward Ziff, Chairman and Chief Executive

 Stewart MacNeill, Group Finance Director

 MHP                                                                                                                                                                                                                                                                                                           020 3128 8567
 Communications

                                                                                                                                                                                                                                                                                                               tcs@mhpc.com

 Reg Hoare / Matthew Taylor

 Liberum                                                                     Jamie Richards / Lauren Kettle / Nikhil Varghese                                                                                                                                                                                  www.liberum.com (http://www.liberum.com)

                                                                                                                                                                                                                                                                                                               020 3100 2123
 Peel Hunt                                                                                                                                                                                                                                                                                                     www.peelhunt.com (http://www.peelhunt.com)

 Carl Gough / Henry Nicholls                                                                                                                                                                                                                                                                                   020 3597 8673 / 8640

 

 

Town Centre Securities PLC (TCS) is a Leeds based property investor, car park
and hotel operator with assets of over £370m. With more than 60 years'
experience, a commitment to sustainable development and a reputation for
quality and innovation, TCS creates mixed use developments close to transport
hubs in targeted major regional cities across the UK.

For more information visit www.tcs-plc.co.uk (http://www.tcs-plc.co.uk)

 

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