13th Jan 2025 14:29
Residential Secure Income PLC - investor in retirement living and shared ownership - Completes sale of Wesley House for net consideration of around GBP15 million. The sale marginally exceeds the GBP14.8 million valuation reported as at March 31. The proceeds enable the company to repay its GBP15 million floating rate debt with Santander in full. The company said it is now working exclusively in the independent retirement rentals and shared ownership residential sub-sectors during its managed wind-down. Wesley House is a local authority housing property in Luton.
Current stock price: 57.60 pence, up 6.3%
12-month change: down 2.7%
By Michael Hennessey, Alliance News reporter
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