3rd Jul 2014 06:49
LONDON (Alliance News) - Graphite Enterprise Trust PLC Thursday said it had sold London residential property developer London Square for about GBP10 million net, a deal it expects to boost its net asset value per share by 0.7%, or 4.6 pence, from the level on April 30.
In a statement, the trust said it expects to receive the new proceeds "in the next few weeks". The investment was held through Graphite Capital Partners VII.
The trust's results for the six months to 31 July 2014 will be announced on 26 September 2014.
By Steve McGrath; [email protected]; @SteveMcGrath1
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