17th Jul 2015 10:31
LONDON (Alliance News) - Alpha Pyrenees Trust Ltd Friday said it has sold the Connecta Retail Park investment in Córdoba, Spain to a private investment company for EUR15.3 million.
The trust said that the sale forms part of the orderly realisation process supported by its lender Barclays Bank PLC and said the net proceeds will be used to reduce its borrowings with Barclays.
The property had been valued at EUR15.4 million at December 31, 2014.
Shares in Alpha were untraded at 1.24 pence Friday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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