11th Sep 2025 19:44
FIH Group PLC - operates businesses such as construction, ferries and art storage in the Falkland Islands and UK - Announces that the sale and leaseback of the 100,000 square foot warehousing facilities in Leyton used by Momart, its art handling and storage business, has now completed on the terms outlined in its announcement in August. The GBP22.7 million cash deal is with a subsidiary of global real estate manager Hines. "As part of the transaction, Momart will enter into a ten-year lease of the Leyton property at an initial rent of circa GBP1.3 million per annum, with a review after five years. The lease includes a tenant-only break option after five years as well as a tenant-only option to renew the lease for a further ten years, again with a tenant-only break option after five years," FIH adds.
Current share price: 275.00 pence, up 3.8% in London on Thursday
12-month change: up 13%
By Jeremy Cutler, Alliance News reporter
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