11th Dec 2018 11:43
LONDON (Alliance News) - Helical PLC said Tuesday it exchanged contracts for the sale of an office building in Manchester, England, to Mayfair Capital-managed Property Income Trust for Charities fund for GBP11.9 million.
The building located on 31 Booth Street was acquired by the company in 2016. The sale price represents a 20.5% premium to its book value, Helical said, adding that the proceeds will be recycled into new opportunities.
Helical shares were trading up 0.8% at 325.50 pence each.
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