22nd Sep 2014 07:33
LONDON (Alliance News) - FTSE 250-listed property group Daejan Holdings PLC Monday said it would get a one-off benefit in its half-year results on the back of developments involving two London properties and said its rental income in the US and UK in the first quarter was in line with expectations.
The company said it would get a GBP8 million one-off benefit to its half-year rental income, along with a similar increase in its annual rent roll, on the back of the letting of the Africa House property in London to a single tenant and the resolution of its contested rent review at the Strand Palace Hotel.
Other than the one-off boost, the company said its net rental income in the first quarter has been line in line with expectations in both the UK and the US, with no significant property sales in the period.
Daejan shares were untraded early on Monday, quoted at 5,060 pence per share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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