22nd May 2014 13:48
LONDON (Alliance News) - Gresham House PLC Thursday said rental income on its property portfolio was GBP238,000 in the three months ended March 31, compared with GBP999,000 for the whole of 2013.
The amount of vacant space at the end of 2013 was 157,657 square feet, representing about 35% of the total available. Gresham House said there has been no significant change to these numbers since then.
Gresham House's securities investments were broadly flat at GBP5.2 million at the end of the quarter.
Gresham House is an investment trust listed on the London Stock Exchange. It is realising its assets in an orderly way following a shareholder vote at its 2011 annual general meeting. The realisation was meant to take place over about two years, with a view to returning capital to shareholders, but the process has taken longer than intended because of the "fragile" state of the property market in 2011 and 2012.
Gresham House shares were Thursday quoted at 262.50 pence, down 3.1%.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
GHE.L