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IN BRIEF: Braime receives loan to fund property redevelopment

18th Aug 2021 17:59

Braime Group PLC - Leeds-based manufacturer of metal presswork and material handling components - Enters loan agreement with HSBC to provide GBP850,000 development term loan, repayable over five years with interest accruing annually at a rate of 2.5% over base rate.

Proceeds from the loan will go towards the GBP900,000 estimated development cost for redeveloping the rear of its freehold property in Leeds, including a warehouse extension and additional parking area.

Current stock price: 2,449.00 pence

Year-to-date change: up 72%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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