2nd Apr 2014 11:48
LONDON (Alliance News) - The Conygar Investment Company PLC Wednesday said it has completed on the sale of Site 1, Aker Village, Aberdeen for GBP8.0 million, a GBP540,000 surplus over the September 2013 valuation.
The property investment and development group said it saw a 6.1% uplift after deducting costs of sale.
The site is comprised of a detached warehouse and a two storey long leasehold office building let to Aker Business Services Ltd at GBP591,212 a year.
"We have a significant commitment to both Aberdeen as a location and Aker as a tenant. We are pleased to be able to take advantage of an improving market to dispose of part of our holding, reducing our exposure to both and crystallising a significant surplus over our book value," Chief Executive Robert Ware said in a statement.
Conygar Investment Company shares were Wednesday quoted at 166.47 pence, down 0.02%.
By Samuel Agini; [email protected]; @samuelagini
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